hong kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at the compound in central China. The Apple supplier made the offer Wednesday following dramatic scenes …
Palawan, Philippines CNN — Vice President Kamala Harris is sticking close to her script when responding to what Democrats hope will once again be their greatest electoral mobilizer: Donald Trump and his third White House bid. “The president said he intends to run and if he does, I will be running with him,” she told …
Harris dives into Asian diplomacy amid questions back home about her political future Read More »
London CNN Business — Global growth will slow further in the coming year but the world will likely avoid a recession thanks to Asia’s biggest economies. Global GDP is projected to grow by 3.1% this year, and by just 2.2% in 2023, according to the latest forecast from the Organization for Economic Cooperation and Development …
If the world avoids a recession, it’ll have India and China to thank Read More »
hong kong CNN Business — Singapore’s central bank has responded to criticism of its treatment of two of the world’s largest crypto exchanges, explaining why Binance was on an investor watch list while FTX, which has filed for bankruptcy, was not. In a statement Monday, the Monetary Authority of Singapore (MAS) said it wanted to …
Singapore’s monetary authority defends its treatment of Binance after FTX ‘debacle’ Read More »
hong kong CNN Business — China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid outbreak since April. The lockdown also follows rising cases in Beijing, which reported the country’s first Covid deaths in nearly six months. In recent days, China had begun to ease …
QatarEnergy chief Saad al-Kaabi told Reuters on Monday the firm signed a 27-year sales and purchase agreement with China’s Sinopec, the longest in the history of liquefied natural gas (LNG) deals. “Today is an important milestone for the first sales and purchase agreement for North Field East project, it is 4 million tonnes for 27 …
North Field East project: Qatar Energy signs deal to supply gas to China for 27 years Read More »
CNN — China and Russia are driving the US to develop hypersonic weapons faster as the Pentagon seeks to increase the pace of testing and research and avoid falling behind, a senior Navy admiral responsible for US efforts said. “Up until just recently, there hasn’t been a real driver for us to take that technology …
Hong Kong/Beijing CNN Business — More than 100,000 people have signed up for a massive recruitment drive by Apple’s supplier Foxconn for the largest iPhone factory in China, according to Chinese state media. The hiring spree comes at a time when Apple (AAPL) is facing significant supply chain constraints at the assembly facility located in …
New Delhi CNN Business — Shares of Taiwan Semiconductor Manufacturing Company surged on Tuesday after Warren Buffett’s Berkshire Hathaway disclosed that it had purchased a $4.1 billion stake in one of the world’s largest chipmakers. In a filing with the United States’ Securities and Exchange Commission on Monday, Berkshire Hathaway (BRKA) said it acquired about …
TSMC stock surges after Warren Buffett’s company buys $4 billion stake Read More »
New York CNN Business — The crypto industry is still reeling from last week’s shocking death spiral of digital currency exchange FTX. The company’s bankruptcy filing has left financial backers in the lurch — including the usual suspects in Silicon Valley, from Masayoshi Son’s SoftBank to VC firm Sequoia. A few names on the list …
