The United States on Friday penalized two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker SMIC, including them among 32 entities that were added to the Commerce Department’s restricted trade list, according to a US government posting. Twenty-three of the 32 were in China. GMC Semiconductor Technology (Wuxi) Co and Jicun Semiconductor Technology were placed on the list, formally known as…
Chinese scholars have criticised US-led sanctions over Xinjiang, saying their research showed the measures had resulted in long-term economic damage, including job losses. The findings, presented at an academic seminar in Hong Kong last month, offered one of the first aggregated assessments of the impacts of US sanctions imposed on Chinese companies over alleged human…
Earnings are strong. The US economy is holding steady. Fed rate cuts are coming. Nothing looks like it could go wrong in the stock market now. That, at least, is what investors seem to think, with major indexes breaking fresh records this week as traders took in tame inflation data and grew more confident in…
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet in Madrid next week, keeping alive high-level talks on trade, security and economic flashpoints, both Washington and Beijing confirmed on Friday. The talks will run for four days, starting on Sunday, according to China’s Commerce Ministry. “The two sides will…
China’s consumer robotics start-ups are finding new growth opportunities in overseas markets, providing a new development model for the country’s manufacturers as they attempt to escape problems wrought by excess capacity and destructive price wars at home. These up-and-coming robotics firms are leveraging mature supply chains and rapid product iteration cycles to compete on technology…
03:21 Hong Kong Disneyland team talks about 20 years of magical moments Hong Kong Disneyland team talks about 20 years of magical moments Hong Kong Disneyland Resort, as part of the global entertainment conglomerate, has prided itself on bringing magic and joy to its visitors since it opened its doors on the Lantau Island waterfront…
Last Updated:September 12, 2025, 00:07 IST Lithuanian President Gitanas Nauseda confirmed the safe arrival of the freed prisoners across the Lithuanian border on Thursday. The timing of the release is significant, coming just a day after Russian drones were spotted over Polish territory (Image: AP) Belarus has released 52 political prisoners on Thursday, following US…
The operators of a top Hong Kong school have hit back at a US-based church that is suing them for alleged breach of contract for “serving only the rich”, expressing confidence that they will win the lawsuit while defending their institution as serving the international business community, not the wider public. They also said their…
The Mexican government is planning a major increase in import tariffs on Chinese cars, steel, and textiles. The jump could rise to 50% among 1,371 categories. Tariffs will increase from the current 15-20% to 50% for Chinese cars and autoparts. While steel, textiles, footwear and more will see new or increased tariffs ranging from 10%…
The operators of a top Hong Kong school have hit back at a US-based church that is suing them for alleged breach of contract for “serving only the rich”, expressing confidence that they will win the lawsuit while defending their institution as serving the international business community, not the wider public. They also said their…