China has released Chenyue Mao, a Wells Fargo banker who had earlier been barred from leaving the country for several months, allowing her to return to the United States ahead of a potential in-person meeting between US President Donald Trump and Chinese President Xi Jinping, according to a Bloomberg report. Mao was barred from exiting…
Dell China layoffs 2025: Dell Technologies is preparing to lay off employees in China, joining a growing list of US tech companies scaling back operations in the country, as per a report. Dell to Lay Off China-Based Staff The company notified affected staff this week, informing them that their last working day will be October…
Yi Huiman, the former regulator of China’s equities market, is being investigated for disciplinary breaches, as the country’s long-standing anti-graft campaign extends into all corners of the financial industry, from banking to the stock market. Yi, the chairman of the China Securities Regulatory Commission (CSRC) from January 2019 to February 2024, has been detained by…
US president Donald Trump The TOI correspondent from Washington: With a single cryptic post, US President Donald Trump on Friday signaled a tectonic shift in global alignments, taking America deeper into an isolationist and antagonistic stance by clubbing India, Russia, and China together as allies. The post also appeared to publicly cede to China a…
Jake Sullivan, former US National Security Advisor, tore into President Donald Trump for his sweeping 50 per cent tariffs against India, saying the “American brand globally is in the toilet”. He also warned that the move risks driving New Delhi closer to Beijing. US President Donald Trump has imposed a 50 per cent tariff on…
US President Donald Trump addressed the rare earth magnet dispute with China, warning of potential 200% tariffs if supplies are not provided. He highlighted the historical monopoly China created over magnets, emphasizing national security concerns and the US plan to ramp up domestic production. Trump stressed that America holds stronger trade leverage, maintaining a good…
US Secretary of State Marco Rubio warned on Monday that energy prices could rise if the United States imposes secondary sanctions on China for refining Russian oil. The statement follows growing questions over why the U.S. imposed an additional 25% tariff on India for purchasing Russian oil, while taking no similar action against China.In an…
Three prominent Republican House lawmakers have reportedly raised national security concerns about the network of more than 400 subsea cables that handle 99% of international internet traffic and about threats from China and Russia. According to a report by Reuters, these lawmakers have pressed the CEOs of Alphabet, Meta, Amazon.com, and Microsoft on the security…
Republican representative John Moolenaar, who is the chairman of the House Select Committee on China, has reportedly objected to the US Commerce Department‘s decision to allow Nvidia to resume sales of its H20 AI chips to China. In a letter to US Commerce Secretary Howard Lutnick, Moolenaar warned that the move could advance China’s AI…
The sales resumption of Nvidia’s H20 processors and Advanced Micro Devices’ (AMD) MI308 chips in China is expected to ease the anxiety of local artificial intelligence companies, according to analysts. Speaking at the China International Supply Chain Expo in Beijing on Wednesday, Nvidia CEO Jensen Huang said he hoped to introduce more advanced chips to…