The headwinds stem from the outcome of an investigation which concluded that ZTE and Huawei Technologies are Chinese telecommunications firms that are linked to the Chinese Communist Party’s intelligence apparatus. According to U.S. lawmakers, legislation has already been prepared to block the Trump administration’s agreement with China which allows ZTE Corp to resume business ties…
ZTE’s strategic move will, at least in the short run, allow it to resume operations and start sourcing components from the U.S. It is to be seen how the Trump Administration navigates ZTE’s stigma of posing as a national security threat to the U.S. in the Congress. On Wednesday, Chinese telecommunications giant ZTE Corp saw…
Although many app-only banks have sprung up across Britain, Revolut outshines the crowd since it is the digital bank to integrate an investment platform into its app alongside everyday banking services. On Thursday, Britain’s digital-only bank, Revolut, stated as part of an efforts to further bring innovation and competition into the financial services sector, it…
Trump’s solar tariffs are likely to impose a high cost on the U.S. economy in the short term. In the long run, job creation is likely to be minimal since plants are increasingly moving towards automation. With U.S. President Donald Trump imposing stiff tariffs on solar panels, U.S. renewable energy companies have had to either…
The development is the first such investment by a U.S. automaker in the Central American country. As per a statement from the Honduran government, Green4U Technologies, a U.S. electric auto maker has signed a memorandum of understanding (MOU) with the Honduran government which stated that it will build an assembly plant in Honduras. This will…
The nenewable energy market in the Asia Pacific region is to boom with utility-scale batteries replacing expensive power grids. In a strategic move, Japan’s JERA, is set to collaborate with a U.S.-German joint venture along with an Australian firm in order to develop battery projects in the Asia-Pacific region. The move targets a market expected…
Given the impetus and the focus that China has laid on ZTE in the ongoing U.S.-China trade negotiations, is probably indicative of the role played by the Chinese firm in its strategic China 2025 policy. China will also need to come of age in the semiconductor industry if it wants to be at par with…
The move is aimed at maintaining the chinks in the well-oiled, tried and tested global automobile supply chain. U.S. demands for changes in NAFTA could significantly impact automakers and autospare makers. On Friday, an association of Japanese automakers stated, it hoped Japan’s export partners would stick to existing free trade relationships and keep tariffs on…
The update to the U.S. Congress by the credit monitoring firm sees hackers gaining access to 38,000 driver licenses and 3,200 passport details on top of the millions of private information harvested by them in the September 2017 cyber attack. Continuing its disclosures stemming from the cyber security incident which saw hackers gain access to…
The U.S. Administration is increasingly boosting efforts to tilt, what has so far been so far in recent history, a one-sided affair, of collaboration and forced technology transfer from the U.S. to China. Beijing’s Made in China 2025 industrial policy has opened the administration’s eye to China’s furtive motives of leveraging the dual benefits of…
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