The US State Department has dropped a statement from its website which stated that Washington does not support Taiwan’s independence – a move which has sparked anger in China. China said the revision “sends a wrong… signal to separatist forces advocating for Taiwan independence”, and asked the US to “correct its mistakes”. The department’s fact…
An Apple Store on Jan. 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Alibaba Group Chairman Joe Tsai confirmed on Thursday that the company was partnering with Apple to roll out AI for iPhones sold in China. He was speaking at the World Governments Summit in Dubai. “[Apple] talked…
Sam Altman, CEO of OpenAI, speaks with French President Emmanuel Macron at Station F, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. Aurelien Morissard | Via Reuters PARIS — Music was blaring and people were cheering at the Artificial Intelligence Action Summit in Paris on…
China is poised for economic stimulus and major structural changes that will set corporates up for strong returns, according to Andrew Swan, head of Asia equities at Man Group. “The sentiment around the China market obviously has been pretty poor, not just recently, but for some time now. I think investors are ignoring some of…
L’Oreal global flagship store is seen on Nanjing Road on May 8, 2021 in Shanghai, China. Vcg | Visual China Group | Getty Images The world’s largest beauty group L’Oreal said Friday that it plans to become less dependent on the Chinese consumer for growth, instead targeting burgeoning opportunities in the U.S. market. “We see…
EPA US President Donald Trump has suspended tariffs on small packages from China, after his sudden order ending duty-free treatment for shipments worth less than $800 left the US postal service and other agencies scrambling to comply. The postal service temporarily stopped accepting packages from China as a result of the order, only to reverse…
2024 Lincoln Nautilus Ford DETROIT — President Donald Trump’s move Saturday to impose 10% additional tariffs on imports from China affects a small number of U.S. vehicles. But those tariffs are also hitting auto parts, which could increase already heightened vehicle prices for consumers. The U.S. in recent years has imported from about $15.4 billion…
Natalie Sherman & Jonathan Josephs BBC News Getty Images China has accused the US of making “unfounded and false allegations” about its role in the fentanyl trade to justify tariffs on Chinese products. The complaint was lodged with the World Trade Organization (WTO) one day after US President Donald Trump raised border taxes on Chinese…
U.S. Postal Service (USPS) trucks are parked at a post office on August 23, 2024 in Los Angeles, California. Mario Tama | Getty Images The U.S. Postal Service said Wednesday it will resume accepting inbound mail and packages from China and Hong Kong, just hours after it suspended service from those regions. “The USPS and…
A United States Postal Service employee at work in New York City on Dec. 4, 2023. Brendan Mcdermid | Reuters The U.S. Postal Service said Tuesday it’s temporarily suspending all inbound packages from China and Hong Kong Posts. The change is effective immediately and will remain “until further notice,” according to an alert posted to…
