(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
Iran’s Supreme Leader Ayatollah Ali Khamenei has put the Iranian military on full alert amid US demands that the Islamic Republic negotiate over a nuclear deal, Saudi state-owned broadcaster Al Arabiya reported on Sunday. While the Islamic Republic has rejected US President Donald Trump’s demand for direct negotiations, it wishes to continue indirect…
Whoever said history repeats itself was not talking about Trump 2.0 and Iran. In 2018, during his previous term, Donald Trump unilaterally withdrew from the Joint Comprehensive Plan of Action (JCPOA) meant to restrain Iran from developing atomic weapons, calling it “the worst possible deal”. He further imposed a “maximum pressure” policy that led to…
Iran’s Supreme Leader Ayatollah Ali Khamenei said on Monday that the US would receive a strong blow if it acts on President Donald Trump’s threat of bombing if the country does not reach a new nuclear deal with Washington. “The enmity from the US and Israel has always been there. They threaten to attack…
U.S. Secretary of Commerce Howard Lutnick (pictured) said that the U.S. “will not allow adversaries to exploit American technology to bolster their own militaries and threaten American lives.” Image: World Economic Forum/Flickr/Creative Commons The U.S. has blacklisted approximately 80 foreign entities, citing heightened national security concerns. The majority are Chinese companies suspected of procuring American…
WASHINGTON (TNND) — A bond between three of America’s biggest adversaries has gotten stronger. In a public showing of support for Iran, Russia and China have called on the United States to end “unlawful” sanctions on the Middle Eastern country in a joint statement after a meeting of foreign ministers in Beijing on Friday. The…
US President Donald Trump’s nominee to head the White House Office of Science and Technology Policy says China is the top US competitor in both areas and warned the future depends on who leads in key sectors. “China has emerged as both our preeminent geopolitical rival and our most formidable technological and scientific competitor,” nominee…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
China’s Lunar New Year, or Spring Festival, eight-day holiday kicked off on Tuesday. The government predicts people will make a record 9 billion trips around this season. The Spring Festival falls on Wednesday this year. Airports and train stations have been crowded with people going to their hometowns and tourist destinations since mid-January, ahead of…