China

As a result of a large production decrease at a virus-infected plant in China, Apple Inc anticipates lower shipments of high-end iPhone 14 models than was originally predicted, hurting its sales expectations for the year-end Christmas season. Apple has remained a rare bright light in the global technology sector, which has been pounded by expenditure cuts owing to rising inflation …

A senior US administration official stated on Thursday that the United States believes China and Russia have influence they may use to persuade North Korea not to conduct nuclear bomb tests. The official, who spoke on the condition of anonymity to Reuters, said that while the United States had been claiming since May that North Korea was ready to resume …

On Sunday (Oct. 23), Xi Jinping achieved a historic third term as China’s leader and promoted several of his closest Communist Party friends, solidifying his position as the nation’s most powerful leader since Mao Zedong. Xinhua reported that the Central Committee of the Chinese Communist Party elected Xi as its general secretary for another five-year term, returning the country to …

On Thursday, October 20, the dollar crossed the symbolic milestone of 150 yen for the first time since 1990, while the British pound fell in choppy trade after Prime Minister Liz Truss announced her resignation. The Japanese yen fell quickly from an overnight trading high of 150.09 to a minute-long low of 149.63, raising concern that the Ministry of Finance …

Analysts believe that President Xi Jinping’s call for China to “win the battle” in core technologies could herald a change in Beijing’s strategy to expanding its tech industry, with greater state-led funding and intervention in response to US pressures. Xi’s comprehensive work report to kick off the once-every-five-years Communist Party Congress included four allusions of technological independence, compared to none …

China on Tuesday evening, October 11, disputed allegations that it had listed the Philippines on a blacklist for Chinese tourists due to the Southeast Asian country’s internet gambling operations, labeling these accusations “misinformation.” “China has not placed the Philippines on its tourism blacklist,” the Chinese embassy told the media on Tuesday evening. The report of a “tourist blacklist” is untrue. …

On Tuesday, September 27, Meta Platforms announced that it has foiled the first known China-based influence campaign that was aimed at targeting users in the United States with political content in advance of the midterm elections that will take place in November. Meta stated in a report that summarized its findings that the network maintained fake accounts across all of …

As part of a crackdown on the notoriously murky online gaming industry, the Philippines is going to stop the operations of 175 offshore gambling firms and deport approximately 40,000 Chinese workers, according to an official from the justice department who made the announcement on Monday, September 26. The industry first started up in the Philippines in 2016, and it has …

What is the richest country in the world? As a result of China’s skyrocketing economic growth, the typical Chinese citizen today has a higher standard of living than their European counterparts. When compared to the average person in Europe, an adult in China has a net worth of US$26,752 (AU$40,980), while the average person in Europe has a net worth …

Yves Bouvier, a Swiss art dealer who was previously known as “the king of the freeports,” has reportedly parted ways with his Singapore freeport to sell it to Jihan Wu, a Chinese crypto billionaire, for a price of $28.4 million. Since his detention in 2014, Bouvier has been a prominent figure in the news ever since the Russian businessman Dmitry …