Date
22 May 2019

BUSINESS

  • Chinese authorities are reported to have ordered banks to stop marketing 'smart' deposits. Photo: Reuters

    China cracks down on high-interest rate deposit schemes: report

    May 22, 2019 4:01pm
    China’s financial regulators have told some domestic banks to stop marketing so-called smart deposits, which look like high-interest term deposits but are in fact investment products, Reuters reports, citing sources with knowledge of the matter. Some...
  • China's biggest carriers are said to have sought compensation from Boeing over grounding and delayed deliveries of 737 MAX jets. Photo: Bloomberg

    Chinese airlines seek Boeing compensation over 737 MAX grounding

    May 22, 2019 3:48pm
    China’s three biggest airlines — Air China, China Southern Airlines and China Eastern Airlines — have asked US planemaker Boeing to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets,...
  • Xiaomi’s Mi Mix 3 5G is one of the first 5G smartphones available in the European market. As Huawei faces problems, Xiaomi has an opportunity to narrow the gap with its bigger rival. Photo: Bloomberg

    Will Xiaomi benefit from Huawei’s woes?

    - May 22, 2019 2:15pm
    With Huawei facing mounting troubles amid a US trade blacklist, rival Chinese smartphone makers have a chance to narrow the gap in market shares in the industry with their bigger rival. Among the firms that will...
  • Tesla has been one of the frontrunners in the field of autonomous vehicles. Photo: Reuters

    Why autonomous car won’t be 5G killer application any time soon

    - May 22, 2019 12:44pm
    The US-China trade war continues to escalate. Washington is trying all means to stop Huawei from capturing US and European markets. The Trump administration is apparently keen on stopping or at least slowing down China’s 5G...
  • Tencent founder and CEO Pony Ma said China's tech firms must take painstaking efforts to develop its own infrastructure and core technology. Photo: Bloomberg

    Tencent’s Pony Ma on Huawei crisis: Beware of a looming tech war

    May 22, 2019 12:40pm
    In line with a trade blacklist order from the Trump administration, Google has announced that it is pulling Huawei’s license to use the Android operating system while US chipmakers such as Qualcomm are suspending shipment of crucial...
  • Taiwan's Foxconn is among top ten tech firms from China in terms of exports to the US. Photo: Reuters

    How Taiwan can help prevent a full blown US-China tech war

    - May 22, 2019 10:14am
    In a previous article, I wrote that Taiwan has the potential to replace Hong Kong as a unique bridge between China and the United States. Now, the worsening US-China tech war might create just the kind...
  • A recent survey of members of the American Chamber of Commerce of China and its sister body in Shanghai said 40.7 percent of respondents were considering or had relocated manufacturing facilities outside China. Photo: AFP

    Retaliation rising in China amid trade war: US business group

    May 22, 2019 9:28am
    A top US business lobby in China said nearly half of its members are seeing non-tariff barrier retaliation in China as a result of the increasingly bitter trade war between Beijing and Washington, Reuters reports. The...
  • Beijing's door remains open for resolving the US trade dispute, says Cui Tiankai, China's ambassador to the United States. Photo: Bloomberg

    China ready for further US trade talks, envoy says

    May 22, 2019 9:24am
    Beijing is ready to resume trade talks with Washington, China’s ambassador to the United States said on Tuesday, while blaming the US side for frequently “changing its mind” on tentative deals to end the trade dispute....
  • A TuSimple self-driving truck is pictured in a handout photo obtained by Reuters on May 20.

    Self-driving trucks in mail delivery test for US Postal Service

    May 22, 2019 9:10am
    The US Postal Service on Tuesday started a two-week test transporting mail across three Southwestern states using self-driving trucks, Reuters reports. San Diego-based startup TuSimple was quoted as saying that its self-driving trucks will begin hauling...
  • Google's move turned a much sought-after smartphone into an inferior brand overnight. Photo: Reuters

    The Huawei I know

    - May 21, 2019 4:51pm
    Three weeks ago, I bought a new Huawei phone because I lost my iPhone. I really wanted to try out Huawei, which I had heard a lot of nice things about. I was happy with it...
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