China is keeping the door “wide open” for negotiations with the United States on the import duties that the countries have imposed on each other, the Chinese Ministry of Foreign Affairs stated on Wednesday. “China emphasized early on that there are no winners in tariff and trade wars,” ministry spokesman […]
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Venezuela Fines TikTok Millions Over Deadly Challenges
Venezuela’s highest court has fined TikTok millions in connection with so-called challenges that authorities say have led to multiple deaths and injuries. The popular video app must pay 10 million dollars. Three children have died after taking part in challenges that Venezuelan President Nicolás Maduro said included ingesting, inhaling and […]
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China Investigates Possible Monopoly of Chip Company Nvidia
China’s market regulator has opened an investigation into Nvidia, the top AI chipmaker suspected of violating anti-monopoly laws in a significant deal in 2020, state broadcaster CCTV reported. The investigation focused on Nvidia’s recent moves and its purchase of Mellanox Technologies four years ago. The Chinese government approved the $7 […]
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Air France Wants State Help to Compete With Chinese Airlines
Airline Air France wants help from the French government to compete with competitors from China. That writes the Bloomberg news agency based on insiders. The Chinese airlines have an advantage because they can fly over Russia, while European airlines have to fly around the country due to sanctions. Air France […]
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iPhone Maker Foxconn’s Revenue Plummets Despite Restart in China
iPhone producer Foxconn reported a sharp decline in revenue last month, despite increased sales following the reopening in China. In February, its turnover fell by almost 12 percent to 12.2 billion euros after conversion, according to the Taiwanese company yesterday. The company’s massive iPhone assembly complex in the Chinese city […]
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Philippines Accuses Chinese Coast Guard of Laser Light Incident in South China Sea
According to the Philippines, a Chinese Coast Guard ship blinded the crew of one of their ships with a powerful laser light. Although the incident happened in the disputed South China Sea, the Philippines has called it “a flagrant violation of its sovereignty”. According to Manila, the patrol vessel “BRP […]
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Protests Continue Against Xi Jinping’s Corona Policy Also Outside China
Solidarity protests against the strict covid policy in China took place in some cities in North America and Europe last night. In Paris, among others, demonstrators showed signs with ‘Urumqi’, the Chinese city where a fire in an apartment building claimed 10 victims last week. There have been fierce protests […]
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Tesla Helps Investigate Chinese Crash But Denies Runaway Car
Tesla is helping a police investigation into a crash of one of its cars in China. However, the American producer of electric cars already states that the Model Y SUV that crashed at high speed earlier this month did not run wild. Images of the crash caused a stir last […]
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Nintendo Falls on Lower Japanese Stock Market, China Stock Markets Also Fall
Nintendo was among the biggest decliners on the Tokyo stock exchange on Wednesday. The Japanese game console manufacturer raised its profit forecast for the entire fiscal year but expected to sell fewer Switch game consoles. This is partly due to production problems with the popular console due to shortages of […]
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China Fires Officials Over Ugly Drawings in Textbooks
China has fired or reprimanded 27 officials after outrage over illustrations in a series of math books for primary school children. After an investigation, the Ministry of Education states, among other things, that some of the children depicted are “ugly” and the illustrations “do not show a positive image” of […]