China is urging the Czech government to play an active role in helping resolve the trade dispute with the European Union over electric vehicles, according to a statement posted on the Ministry of Commerce’s website on Sunday. The EU last week decided to impose tariffs of up to 45% on electric vehicles from China, a…
Citigroup Inc.’s country officer and head of banking for China Luke Lu is departing after being in the role for less than a year. Lu, who was appointedBloomberg Terminal in late January, is leaving for personal reasons and the bank has started the search for his replacement, a Citi spokesperson said in an emailed response…
Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletter In 2015, China identified several key industries of the future for which it aimed to compete at the technological frontier. The ‘Made in China 2025’ plan included expansion in things like EVs, solar power, batteries, semiconductors, AI, and drones. But…
AstraZeneca Plc’s China President Leon Wang is under investigation by Chinese authorities, the drugmaker said Wednesday. The British company saidBloomberg Terminal Wang is cooperating and, if requested, it will also “fully cooperate with the investigation.” Source link
Ukrainian President Volodymyr Zelenskiy held a phone conversation with South Korean President Yoon Suk Yeol amid growing concerns that North Korean troops and generals are being dispatched to Russia to aid Moscow’s war on Ukraine. “There is only one conclusion — this war is being internationalized and goes beyond the borders of two states,” Zelenskiy…
China said it filed a diplomatic complaint with the US and reserved the right to retaliate after the latest American weapons sales to Taiwan, escalating tensions in their dispute over the archipelago. “China will resolutely respond and take all necessary measures to firmly safeguard national sovereignty, security and territorial integrity,” the Foreign Ministry in Beijing…
Israel said its military “completed precise and targeted strikes against military targets in a number of areas in Iran,” adding that its warplanes returned to their bases. The Israel Defense Forces said the airstrikes on the Islamic Republic were “in response to the attacks by the Iranian regime against the State of Israel and its…
Qatar Airways Group CEO Badr Al Meer (center) and Qatar Tourism Chairman Saad bin Ali Al Kharji (left) speak with Elon Musk (right) via Starlink on board the flight. Qatar Airways Qatar Airways launched Tuesday its inaugural Boeing 777 flight equipped with Elon Musk’s Starlink internet, paving the way for a new era of in-flight…
Developing-world bonds weakened along with stocks on Tuesday as investors weigh the prospect of slower US interest-rate cuts, pushing US yields higher. A Bloomberg index for emerging-market dollar sovereign bonds declined for a third day as US Treasuries extended Monday’s sharp losses, with the 10-year yield rising back above 4.20% for the first time since…
Hong Kong is losing one of its longest-serving markets regulators as Keith Choy prepares to step down, according to people familiar with the matter. Choy, senior director of the Intermediaries Supervision Department, will leave the Securities and Futures Commission after 26 years, the people said, asking not to be identified discussing private information. A notice…