Supply chain negotiations are one of four "pillars" of the IPEF, which is Biden administration's main economic initiative in Asia and aims to provide the region an alternative to closer ties with China

Commerce Secretary Gina Raimondo said the US "firmly opposes" the ban and that it is working closely with allies to address such "coercion"

Foreign firms saw their profits slide 16.2% in January-April from a year earlier, while private-sector firms recorded a 22.5% plunge

South Korea is in the crosshairs of a tit-for-tat row between China and the United States over semiconductors

Stocks of China's semiconductor companies have seen large gains since March with NAURA Technology Group up 14%, Piotech up 45% and ACM Research Shanghai up 19%

News site reports details of alleged complaints about Autopilot software problems in Tesla electric vehicles over seven years to 2022

Gina Raimondo and her counterpart Wang Wentao discussed a series of trade and security issues that have rocked bilateral dealings and amplified geopolitical tensions

“We can theoretically build chips outside of Taiwan, it’s possible [but] the China market cannot be replaced. That’s impossible,” Huang told FT

Officials from the world's biggest economies will meet on Thursday to 'thaw' tense relations, complicated by China's recent ban on Micron and a tough stance against Beijing by G7 nations

Combined profits for listed Chinese brokerages dropped 34% in 2022 and the lacklustre recovery this year has already spurred some companies to cut jobs

When asked about allegations of Beijing targetting Russian scientists, China said Sino-Russian relations were based on "non-alignment, non-confrontation and non-targeting of third parties"

The UAE has become a key trade hub for Russian gold since sanctions disrupted Russia's more traditional export routes.