Dutch seized Nexperia over fears Chinese owners planned to move chip production to China

Dutch seized Nexperia over fears Chinese owners planned to move chip production to China

The Dutch government believed chipmaker Nexperia’s Chinese owners planned to move its manufacturing operations to China, prompting the unprecedented seizure of the company that has sent shock waves through the global tech world. Earlier this month, authorities seized control of Nexperia’s management and ousted its Chinese CEO, Zhang Xuezheng, citing national security concerns. In response,…

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Hong Kong’s strengths lie in bridging East, West amid trade war: finance chief

Hong Kong’s strengths lie in bridging East, West amid trade war: finance chief

Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in…

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Bank on the UK in volatile times’ Trade Secretary tells G7 and European businesses | Department for Business & Trade

Bank on the UK in volatile times’ Trade Secretary tells G7 and European businesses | Department for Business & Trade

Trade Secretary’s message comes after UK sealed landmark deals with India, the US and EU Jonathan Reynolds to meet G7 and EU counterparts in Paris and Brussels to discuss economic security and global trade. Trade Secretary targets economic growth and jobs, saying deals with India, US and EU make UK the most connected economy for…

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Donald Trump shakes up Washington

Donald Trump shakes up Washington

President Trump threatens 200% tariff on alcohol from EU President Donald Trump has threatened to place a 200% tariff on all alcohol from the European Union. WASHINGTON – To some people, President Donald Trump is shaking things up. To others, he is sowing an unusual amount of chaos and confusion in a world that has…

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