Market Insights

TikTok Vows ‘We Will Fight’ After Biden Signs Sale Order

After Biden's swift presidential endorsement, attention is now turning to whether TikTok can win a legal fight against the divestment…

10 hours ago

ASML Will Not Service Some China Equipment, Outgoing CEO Hints

Washington has been lobbying the Dutch to prevent ASML from servicing some of the billions of euros worth of tools it has…

10 hours ago

Local EVs Dominate as China’s Largest Auto Show Opens

Some 117 new models were unveiled – out of 278 new energy vehicles on display. It comes as EVs now…

13 hours ago

TikTok Plans Legal Battle as US Senate Passes Divest-or-Ban Bill

Experts say that if a sale of TikTok does go through, it would be one of the most complicated and…

1 day ago

Tesla Profit Plunges, But Stock Jumps on Vow of ‘Affordable’ Cars

Shares jump 12% on news Tesla will make 'more affordable' EVs on its manufacturing lines, despite its first-quarter profit plunging…

1 day ago

US Call for 3 Years Jail for Binance Founder Changpeng Zhao

Prosecutors say Zhao, who faces sentencing in a Seattle court next week, should serve 36 months in jail for serious…

2 days ago

PwC Probed For ‘Enabling Evergrande Misconduct For Years’

PricewaterhouseCoopers, one of the Big Four auditors, had been Evergrande’s auditor since 2009, when the developer listed in Hong Kong

2 days ago

Huawei Takes Another Bite Out of Apple’s Market Share in China

Huawei looks set to become the No-1 smartphone seller in China this year, backed by the launch of its new…

2 days ago

US May Sanction Chinese Banks Helping Russian War — WSJ

Secretary of State Antony Blinken is set to fly to Beijing to outline this threat in a bid to stop…

2 days ago

Asia is Warming Faster, Hit Hardest by Climate Disasters: WMO

Asia was rocked by 79 disasters in 2023, making it the world's most disaster-prone region, with record temperatures spread far…

3 days ago

China Researchers Got Banned Nvidia Chips Via Server Products

Chinese entities bought advanced Nvidia chips embedded in server products made by Super Micro, Dell and Taiwan's Gigabyte Technology after…

3 days ago

Mayors of Big Global Cities Calling for Urban Climate Finance

Officials from some of the world's biggest cities are in Washington to lobby for better access to capital, to help…

6 days ago