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An Indian court granted relief on the seizure, provided that Xiaomi inform Indian authorities of fund transfers such as royalty payments, a source said
The Central Asian state would also exempt all crypto operations by domestic and foreign companies from income tax, according to a presidential decree
Russia has been excluded from the international SWIFT system, while Visa and Mastercard are among western companies that suspended operations in the country.
Elon Musk has raised $7bn in new funding for his attempted $44bn buyout of the social media platform
Uber reported a mixed first quarter on Wednesday, with bookings up 35% from a year ago – but a net loss of $5.9 billion, due to the drop in value of its stakes in Didi, Grab and Aurora
State hackers stole technology secrets from about 30 multinationals in the energy, manufacturing and pharmaceutical fields in East Asia, Europe and North America since 2019, it said
The US administration is aware that measures would have ramifications for the more than 180 countries that use Hikvision cameras
Congress has been working on China competition legislation for more than a year. The Senate first passed a version in June 2021, with strong bipartisan support
One of China's largest companies, China Petroleum & Chemical Corporation, known as Sinopec, and electric vehicle maker Nio were also among the names added
Volvo said production was down at the end of the first quarter due to a shortage of a specific semiconductor and warned that the supply problem would persist
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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