On Saturday, Apple Inc stated, it has decided to shutdown all of its stores in mainland China upto February 9, over the outbreak of the coronavirus whose death toll has more than doubled to over 250 from a week ago. Apple did not immediately respond to further requests for comments.
In a statement, Foxconn, formally known as Hon Hai Precision Industry Co Ltd, said it could continue to meet all manufacturing obligations in the wake of the coronavirus outbreak in China. “We do not comment on our specific production practices, but we can confirm that we have measures in place to ensure that we can…
Risk consultants sees U.S. investors quietly exiting from their partnership/commitments with the affected Chinese companies. In a significant development, Goldman Sachs Group Inc has stated, it is in the process of reviewing its involvement in China’s Megvii Technology Ltd’s initial public offering (IPO) following the U.S. Commerce Department placing the artificial intelligence firm on an…
Here is why relocating Apple’s supply chain from China makes business sense. U.S. President Donald Trump disclosed he has had a discussion with Apple Inc’s Chief Executive Officer Tim Cook on the impact of U.S. tariffs on Chinese imports as well as competition faced by Apple from South Korea’s Samsung Electronics Co Ltd. Cook “made…
China’s massive reaction to the U.S. move of placing just a single company – Huawei – on the Entity’s list only confirms the assessment by various intelligence agencies of the role played by the Chinese government in Huawei. China’s technology research group The China Computer Federation (CCF) has suspended its communications with U.S. based Institute…
U.S. trade action against Huawei having intended impact. China has termed the action taken by the United States against Huawei Technologies as “wrong actions” and has called for trade negotiations to continue. China’s comments underscores the effect of U.S. trade action which is cascading through Huawei’s global supply chains. Japan’s Panasonic Corp has joined a…
Britain is likely to see an increase in the number of Payment Service Providers in 2018. In a move designed to boost the growth of fintech companies, Britain’s central bank, the Bank of England has widened access to Britain’s interbank payments system to new fintech firms, an area that was previously dominated by the “Big…
This case has the hallmarks of turning into something big. Definitely worth following. As per available court documents, Facebook Inc has challenged a gag order from a U.S. court that prevents it from disclosing 3 government search warrants that it says pose a threat to the freedom of speech. According to a filing in a…
The Chinese have found weaknesses in CFIUS and are exploiting it to the hilt. As per current and former U.S. officials, the U.S. is poised to heighten the scrutiny on investments made by China in Silicon Valley in order to better shield sensitive technologies which are seen as vital to U.S. national security. In recent…
While the Obama Administration’s focused on safety issues vis-à-vis self-driving vehicles, the current administration aims to ease the rules of business. On Monday, the head of the U.S. Department of Transportation stated that U.S. President Donald Trump’s administration will unveil revised guidelines for self-driving vehicles in the coming months. The announcement follows calls by auto…
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