Tariffs imposed by the US will inevitably have a short-term impact on Hong Kong as an international trading hub, the city’s finance chief said, as he vowed to prepare for the worst and take action to support businesses. Financial Secretary Paul Chan Mo-po weighed in on the sweeping tariffs for the second straight day on…
Chinese Premier Xi Jinping assembled a group of global business leaders in an effort to protect supply chains. Jinping had a meeting with a group of executives including Rajesh Subramaniam of FedEx, Ola Källenius of Mercedes-Benz and Georges Elhedery of HSBC, where he asked them to protect supply chains, according to Financial Times. “We hope…
DETROIT (AP) — President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts are sending more tremors through an industry already being pummeled by steel and aluminum import duties and on-again, off-again 25% levies on Canada and Mexico. The new tariffs, announced Wednesday, are likely to jack up new…
Satellite technology that can track hundreds of millions of shipping containers around the world has been successfully tested by Chinese military scientists, in a huge leap forward in monitoring global supply chains. Developed by researchers with the National University of Defence Technology (NUDT) in Changsha, the technology centres on the Tiantuo-5 satellite – a compact,…
We recently published a list of 12 Best EV Battery Stocks to Buy in 2025. In this article, we are going to take a look at where General Motors Company (NYSE:GM) stands against other best EV battery stocks to buy in 2025. EV Magazine highlighted that The Promoting Resilient Supply Chains Act remains critical for…
We recently published a list of 12 Best EV Battery Stocks to Buy in 2025. In this article, we are going to take a look at where Toyota Motor Corporation (NYSE:TM) stands against other best EV battery stocks to buy in 2025. EV Magazine highlighted that The Promoting Resilient Supply Chains Act remains critical for…
China’s dominance of exports because of its manufacturing over-capacity and control of critical supply chains for energy transition are significant challenges for India, the Economic Survey 2024-25 released on Friday noted. China’s hold on exports and supply chains key challenge Beijing’s role as a “manufacturing colossus”, especially in the context of India’s limitations in producing…
In the weeks after Donald Trump’s sweeping election victory, American companies sought to reassure investors that they were amply prepared for a new round of tariffs. Some, like Stanley Black & Decker, a toolmaker, highlighted efforts to shift their supply chains away from China. Others, like Lowe’s, a home-improvement retailer, pointed to processes they have…
Hong Kong will require an influx of banking talent as the market rebounds and cross-border activity with mainland Chinese companies picks up, according to the Asia-Pacific head of Deutsche Bank. “Hong Kong has always benefited from its proximity to mainland China, and that’s a strength, not a weakness,” Alexander von zur Muehlen said during a…
Hong Kong’s leader has warned that the United States will ultimately “reap what it sows” with its plan to clamp down on outbound investment in China’s semiconductor, quantum technology and artificial intelligence industries. Chief Executive John Lee Ka-chiu also said on Tuesday that the move by Washington was not only harmful to others but also…