Category: Business
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Improving Iran’s ailing economy will be Raisi’s priority
Since the establishment of the Islamic Republic of Iran, the art of economic management has never been the strongest side of the country’s leaders. Iranian politicians, and especially those from conservative circles, always believed Iran’s stability and survival to be primarily dependent on political and ideological factors. Thus, they have been reluctant to focus their…
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How Pakistan Is Helping China Crack Down on Uyghur Muslims
Pakistan was once an escape route of choice for many Uyghurs. Today long-standing members of the country’s Uyghur community fear for their future. Pakistani businessman Mirza Imran Baig shows his picture taken with his Uyghur wife Malika Mamiti outside the Pakistan’s embassy in Beijing, Wednesday, Sept. 26, 2018. He says his wife is unable to…
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Senior US diplomat to visit China amid growing tensions
Deputy Secretary of State Wendy Sherman’s trip comes amid nearly daily new rifts between the two powers including over human rights and cybersecurity. Deputy Secretary of State Wendy Sherman will travel to China this weekend on a visit that comes as tensions between Washington and Beijing soar on multiple fronts, the State Department said. Sherman…
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Chinese-owned firm acquires UK’s largest semiconductor manufacturer
The UK’s largest producer of semiconductors has been acquired by the Chinese-owned manufacturer Nexperia, prompting a senior Tory MP to call for the government to review the sale to a foreign owner during an increasingly severe global shortage of computer chips. Nexperia, a Dutch firm owned by China’s Wingtech, said on Monday that it had…
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US Firms Cannot Ignore the Growing Risks of a Possible China-US Military Conflict
As if the China-U.S. trade war wasn’t enough, tensions between the two nations continue to rise. The specter of China-U.S. conflict over Taiwan is looming larger than ever. This does not mean that military engagement will result in a war, but there are signs that risks are escalating. Businesses cannot afford to ignore them. What…
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China’s internet regulator opens inquiry into Didi ride-hailing service
Show caption A trader works during the IPO for Chinese ride-hailing company Didi Global on the New York Stock Exchange floor. Photograph: Brendan McDermid/Reuters China China’s internet regulator opens inquiry into Didi ride-hailing service Tech firm, which just launched its IPO in New York, is latest online giant to be targeted by Chinese authorities Vincent…
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What to Expect From China’s New Anti-Sanctions Law
Following Western sanctions directed against it regarding alleged human rights issues, China unveiled its new anti-sanctions legislation on July 10 to much pomp and circumstance. The international community was quick to notice the promulgation, with widespread speculation ensuing that this could greatly damage the business environment for multinational corporations and other entities that have a…
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Marise Payne says net zero is government’s ‘broad position’ as she plays down Nationals’ climate revolt
Show caption Australian foreign affairs minister Marise Payne said on Sunday that Australia’s position on net zero emissions matters because climate change is a ‘key security challenge’ for the Pacific. Photograph: Lukas Coch/AAP Australian foreign policy Marise Payne says net zero is government’s ‘broad position’ as she plays down Nationals’ climate revolt Foreign affairs minister…
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Morning mail: Sydney awakes to restrictions, vaccines wasted, John McAfee dead
Good morning. Infectious disease specialists have called for greater focus on measures to prevent airborne transmission of coronavirus after the NSW premier, Gladys Berejiklian, announced that “scarily fleeting” encounters had driven the Sydney cluster involving the highly virulent Delta variant of Covid-19. Contacts of five to 10 seconds – instead of 15 minutes previously –…
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British parliament not to interfere in the deal with Chinese tech firms
London, UK: UK Business Minister Amanda Solloway told members of Parliament that after looking closely to the deal of the semiconductors company in China, the Government do not think it’s appropriate to intervene at the current time. “However, as the prime minister made it clear at the liaison committee last week, he’s asked the National…