EU opens new probe into TikTok data transfer to China
An Irish regulator helping police European Union data privacy said Thursday it had launched an investigation into TikTok over the transfer of European users’ personal data to servers in China. TikTok was fined 530 million euros ($620 million) in May by the Data Protection Commission over sending personal data to China, though the Chinese social […]
Starbucks receives bids for stake in China business: US media
Starbucks has received around 30 offers from investment firms seeking a stake in the company’s China business, US media reported Wednesday. The coffee chain’s China business, its second biggest after its US operation, drew non-binding offers from a mix of Chinese and foreign private equity firms valuing the enterprise at between $5 and $10 billion, […]
China factory output slumps but consumption offers bright spot
China’s factory output grew slower than expected last month as trade war pressures bit, official data showed Monday, while a bump in a key gauge of domestic consumption offered a rare bright spot for the economy. The United States and China this month agreed to a temporary truce in a blistering trade war that saw tariffs […]
US-China trade talks in London enter their second day
The U.S. and China held a second day of talks Tuesday in London aimed at easing their trade dispute, after President Donald Trump said China is “not easy” but the U.S. was “doing well” at the negotiations. A Chinese delegation led by Vice Premier He Lifeng met U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade […]
US stocks drift closer to their record as Wall Street waits to see what US-China talks will bear
U.S. stocks drifted closer to their all-time high on Tuesday as the wait continued to hear what will come of trade talks between the United States and China. The S&P 500 rose 0.5% as talks between the world’s two largest economies carried into a second day. The Dow Jones Industrial Average added 105 points, or 0.2%, and the […]
Chinese consumer prices continue to fall as US trade talks loom
Chinese consumer prices fell for the fourth straight month in May, data showed Monday, as the world’s second biggest economy struggles with sluggish spending and global trade turmoil. Beijing has failed to boost sluggish domestic consumption since the end of the pandemic, threatening official growth targets and complicating its ability to shield its economy from […]
China’s BYD launches EV charging system it says works nearly as fast as a fill up
China’s energy and auto giant BYD has announced an ultra fast EV charging system that it says is nearly as quick as a fill up at the pumps. BYD, China’s largest EV maker, said Monday that its flash-chargers can provide a full charge for its latest EVs within five to eight minutes, similar to the […]
Apple CEO visits China for second time this year as sales slump
Apple CEO Tim Cook was in China for the second time this year, he said on social media Tuesday, as the US technology giant seeks to shore up slumping sales in a crucial overseas market. The iPhone maker remains popular among Chinese consumers but has ceded ground to domestic rivals in recent years as the […]
US and China back UK deal to collaborate over potentially ‘catastrophic’ threats posed by AI
The US and China have endorsed a joint declaration on the need to manage the potentially “catastrophic” risks posed by Artificial Intelligence. The world’s leading AI powers were among 28 nations to agree to the UK’s Bletchley Declaration, which stresses the need for countries to work together on the powerful technology. It was published on […]
The US agency’s assessment that supports the theory that the covid-19 leaked from a laboratory raises more questions than answers, and generates a backlash from China
The US Department of Energy’s assessment that covid-19 likely arose from a laboratory accident in China has reignited a fierce debate and refocused attention on the origin of the pandemic. But the determination that this is a “low confidence” assessment, made in a recently updated classified report, leaves open more questions than answers, as the […]
