Foxconn has quietly pulled back hundreds of Chinese engineers from its iPhone plants in southern Indiaa move that could throw a wrench into Apple’s (NASDAQ:AAPL) fast-tracked diversification plans. More than 300 workers have already flown home over the past two months, according to people familiar with the matter, leaving mostly Taiwanese support staff on the…
Talks lay groundwork for a summit between EU and Chinese leaders in Beijing on July 24 and 25. The European Union’s foreign policy chief has urged China to end restrictions on the export of rare earth elements and warned that Chinese firms’ support for Russia’s war in Ukraine posed a serious threat to European security….
By Arathy Somasekhar and Karen Freifeld HOUSTON (Reuters) -The U.S. cleared the way to resume ethane exports to China on Wednesday, sending letters to producers Enterprise Products Partners and Energy Transfer rescinding a restrictive license requirement put in place just weeks ago, a sign that the U.S.-China trade truce was on track. The U.S. had…
Amid escalating geopolitical tensions including the Israel-Iran conflict and renewed strife between India and Pakistan, China is leaning on regional diplomacy to safeguard its strategic interests. Central Asia stands out as a zone of stability, offering Beijing both geographic proximity and strategic opportunity. On June 17, the leaders of China and five Central Asian states…
U.S. stock markets are holding onto their gains. Why are investors so confident that inflation risk will go away and the Fed will deliver more cheap money later this year? Because of the TACO trade. They seem to be betting that Trump’s tariff levels will go lower and that, in turn, the U.S. Federal Reserve…
The Dalai Lama said on Wednesday that the 600-year-old institution of spiritual head of Tibetan Buddhists will continue after his death and a trust created by him will be the sole authority to recognise his reincarnation, effectively shutting out any role for China in choosing his successor. The spiritual leader was recognised as the 14th…
A new book contending that Apple Inc went too far in consolidating its operations in China is prompting debate among analysts of the country – some of whom say the company may have had no realistic alternatives. “If they were to have it to do over again, would they have done anything differently?” asked Meg…
While both countries have aimed to expand their influence in the Middle East, they have remained silent after the Israel-Iran War. Russian President Vladimir Putin spoke with French President Emmanuel Macron on Tuesday. The call was initiated by the French side, Kremlin Spokesman Dmitry Peskov said on Wednesday. “It was the French side’s idea,” he…
As the July 9 deadline for the end of the China-U.S. tariff pause speeds closer, the outlook for the trans-Pacific ocean trade is less than clear. Although tariffs and other details are not known, President Donald Trump said that the U.S. has signed an agreement with China that will see a resumption of the latter’s…
China has reacted to the announcement from the Dalai Lama that he will be reincarnated after his death and a successor will be appointed. The Tibetan spiritual leader ended years of speculation by saying Wednesday that the next Dalai Lama should be found and recognized according to past Buddhist traditions, signaling that China should stay…