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Treasurer Jim Chalmers wants stronger foreign investment rules. What does that mean?
smh.com.au/national/treasurer-jim-chalmers-wants-stronger-foreign-investment-rules-what-does-that-mean-20240425-p5fmge.html
Treasurer Jim Chalmers wants stronger foreign investment rules ...
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TikTok ban: ByteDance would rather shut app down than sell, insiders say: TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell ...
scmp.com/news/world/united-states-canada/article/3260400/tiktok-ban-bytedance-would-rather-shut-app-down-sell-insiders-say
TikTok ban: ByteDance would rather shut app down than sell, insiders say
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
  • ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.

  • TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.

  • ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.

  • After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
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Apple moves closer to China despite supply chain shifts: TAIPEI -- Apple is deepening its ties with China even as it further expands production in Southeast Asia ...
asia.nikkei.com/Business/Business-Spotlight/Apple-moves-closer-to-China-despite-supply-chain-shifts
Apple moves closer to China despite supply chain shifts
Quick Glance: Apple deepens ties with China amidst supply chain shifts
  • Apple is increasing the number of China-based suppliers and Chinese manufacturing sites while decreasing the number of suppliers from Taiwan, the U.S., Japan, and South Korea.

  • The company is navigating a balancing act between politics and business by expanding its production in Southeast Asia and India.

  • This trend is evident in Apple's latest official supplier list, highlighting China's growing importance.
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Blinken tells CNN the US has seen evidence of China attempting to influence upcoming US elections
cnn.com/2024/04/26/politics/blinken-china-interview-intl-hnk/
Blinken tells CNN the US has seen evidence of China attempting to ...
Quick Glance: Xi and Blinken Clash Over China's Backing to Russia
  • Xi orders China’s biggest military reorganisation since 2015.

  • He emphasizes that China is not afraid of competition as long as it is based on common progress.

  • China is willing to cooperate with the US, provided it is mutual.

  • A five-point consensus was reached to stabilize relations between the two countries.
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Quick Glance: Clash over AfD's Corruption Allegations
  • Despite corruption allegations, the AfD stands by its EU lead candidates, sparking a heated debate on 'Maybrit Illner.'

  • Concerns arise over potential bribery involving Krah and Bystron, despite no legal guilt being proven.

  • Internal distancing within the AfD and criticism of a lack of transparency regarding the candidates ensue.

  • The discussion concludes with the possibility of the AfD's list changes for the European elections being invalidated.
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How Volvo landed a cheap Chinese EV on U.S. shores in a trade war : A made-in-China electric vehicle will hit U.S. dealers this summer offering power and ...
nbcnews.com/business/autos/volvo-landed-cheap-chinese-ev-us-shores-trade-war-rcna149349
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
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Beijing half marathon winners stripped of medals after African trio let Chinese runner win
cnn.com/2024/04/19/china/china-beijing-half-marathon-winners-revoked-intl-hnk/
Beijing half marathon winners stripped of medals after African trio let ...
Quick Glance: Scandal at Beijing Half Marathon: 4 Runners Disqualified
  • Following an unusual finish at the Beijing Half Marathon, the top finishers were disqualified as three runners from Africa seemingly made way for a Chinese competitor to win.

  • The finish line incident caused a commotion, prompting questions about why the three other runners appeared to yield the victory to He.

  • Subsequent to the investigation, all four runners were disqualified for the pacemakers deliberately slowing down in the final two kilometers of the race, aiding He's victory.

  • Confirmation was provided by the organizers that although Xtep invited Mnangat, Keter, and Hailu as pacemakers, they were mistakenly registered as ordinary competitors.
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Toyota teams up with Tencent for drive into China's EV market: BEIJING -- Toyota Motor said on Thursday that it is forming a strategic alliance with Chinese ...
asia.nikkei.com/Business/Business-deals/Toyota-teams-up-with-Tencent-for-drive-into-China-s-EV-market
Toyota teams up with Tencent for drive into China's EV market
Quick Glance: Toyota and Tencent Collaborate for Entry into China's EV Market
  • Toyota announces strategic alliance with Tencent to develop artificial intelligence, cloud computing, and big data for electric vehicles in China.

  • Japanese automaker Toyota has been facing challenges in the Chinese market due to aggressive pricing and marketing by local competitors.

  • Collaboration with Tencent focuses on developing in-car software crucial for next-generation vehicles.

  • Demand for electric vehicles in China is rapidly growing, and Toyota aims to accelerate in this sector.
Profile picture of The Diplomat
RIP, SSF: Unpacking the PLA’s Latest Restructuring: The Strategic Support Force is no more, and its functions are being separated into three separate arms: the ...
thediplomat.com/2024/04/rip-ssf-unpacking-the-plas-latest-restructuring/
RIP, SSF: Unpacking the PLA’s Latest Restructuring
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Africa Live: Muslim child allegedly lashed for attending church - BBC News: Seven members of a family in Uganda have been arrested for allegedly assaulting the ...
bbc.co.uk/news/live/world-africa-68652286
Africa Live: Muslim child allegedly lashed for attending church - BBC News
Quick Glance: Africa Live: Germany detains alleged Nigerian mafia members
  • German police have arrested 11 Nigerian men suspected of being part of a mafia group involved in large-scale dating scams orchestrated by the Black Axe gang.

  • Portugal's President Marcelo Rebelo de Sousa has stated that his country should take full responsibility for colonial-era abuses and consider paying reparations in certain cases.

  • Authorities in Tanzania have shut down five hydroelectric stations to reduce excess electricity in the national grid, with the main plant generating enough power for major cities like Dar es Salaam.

  • Negotiations between the Kenyan government and striking doctors have collapsed, prolonging the suffering of those seeking healthcare in public hospitals, as doctors demand better pay and the hiring of trainee doctors.
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The Sports Bra announces plans to franchise with investment from Reddit co-founder Alexis Ohanian
oregonlive.com/sports/2024/04/the-sports-bra-announces-plans-to-franchise-with-investment-from-alexis-ohanian.html
The Sports Bra announces plans to franchise with investment from Reddit ...
Quick Glance: The Sports Bra Announces Franchising Plans with Investment from Reddit Co-Founder Alexis Ohanian
  • The Sports Bra, a now-iconic Portland destination that made history as the first women’s sports bar in the world, has announced plans to franchise and expand into other cities.

  • Investment from Reddit co-founder Alexis Ohanian - the husband of tennis legend Serena Williams - will fund the effort in partnership with Ohanian’s 776 Foundation. All returns from the investment will be invested back into girls’ and women’s sports via the foundation, the Sports Bra wrote in a post on Instagram.

  • Owner Jenny Nguyen opened The Sports Bra in Portland in 2022, and the business thrived in a city and state that has consistently showcased strong support for women’s sports.

  • But the growing hype around women’s sports is not unique to Portland. The popularity of women’s professional sports has seen a significant national uptick thanks, in part, to the emerging stardom of athletes like Sophia Smith, Caitlin Clark and others.
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Chinese professor at Tokyo university missing after trip home: BEIJING -- A professor at Tokyo's Asia University has gone missing after temporarily ...
asia.nikkei.com/Spotlight/Society/Chinese-professor-at-Tokyo-university-missing-after-trip-home
Chinese professor at Tokyo university missing after trip home
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China to host Palestinian groups Hamas and Fatah for unity talks: BEIJING/CAIRO (Reuters) -- China will host Palestinian unity talks between Islamist militant ...
asia.nikkei.com/Politics/Middle-East-crisis/China-to-host-Palestinian-groups-Hamas-and-Fatah-for-unity-talks
China to host Palestinian groups Hamas and Fatah for unity talks
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Huber on ntv Frühstart: "The AfD is a danger for Germany": The top candidate is no longer acceptable, the AfD is a danger to Germany: clear words from CSU ...
n-tv.de/politik/Die-AfD-ist-eine-Gefahr-fuer-Deutschland-article24896930.html
Huber on ntv Frühstart:
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Huawei's smart car tech offers automakers route to China sales: It's taken Huawei just four years to become a force in smart car technology ...
reuters.com/business/autos-transportation/huaweis-smart-car-tech-offers-automakers-route-china-sales-2024-04-26/
Huawei's smart car tech offers automakers route to China sales
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Nidec faces market pressure as founder rips 'unfair' China EV war: TOKYO -- Cutthroat competition in China's electric vehicle sector has cast a shadow over ...
asia.nikkei.com/Business/Markets/Nidec-faces-market-pressure-as-founder-rips-unfair-China-EV-war
Nidec faces market pressure as founder rips 'unfair' China EV war
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Honda to set up $11 bln electric vehicle, battery plants in Canada: Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production ...
reuters.com/business/autos-transportation/honda-set-up-11-bln-ev-production-base-canada-2024-04-25/
Honda to set up $11 bln electric vehicle, battery plants in Canada
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
  • Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.

  • Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.

  • The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.

  • Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
Profile picture of Wirtschaftswoche
VW staff cuts: Volkswagen pays up to 450,000 euros in severance pay: VW is fueling its job cuts with high severance payments. According to WirtschaftsWoche ...
wiwo.de/unternehmen/auto/sparprogramm-bei-volkswagen-vw-zahlt-bis-zu-450-000-euro-abfindung/29757096.html
VW staff cuts: Volkswagen pays up to 450,000 euros in severance pay
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Verstappen also wins in China - fourth victory in the fifth race: The Red Bull driver and world champion for the past three seasons is once again the measure of ...
rtl.de/cms/verstappen-gewinnt-auch-in-china-vierter-sieg-im-fuenften-rennen-5084246.html
Verstappen also wins in China - fourth victory in the fifth race
Quick Glance: Chinese Grand Prix: Drama for Verstappen's Victory March?
  • The Chinese Grand Prix could bring drama to Formula 1, and Red Bull's Max Verstappen isn't a guaranteed winner.

  • The track is unknown and coated with thin asphalt, causing uncertain driving conditions.

  • McLaren's Lando Norris secured the pole for the sprint race after a rainy qualifying session that challenged drivers.

  • Practices revealed unusual names at the top, hinting at an entertaining race ahead.
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FBI chief warns on TikTok as Senate set to back ban: SAN FRANCISCO: As the US Senate prepares to approve a TikTok ban, the FBI chief on Tuesday (Apr 23) ...
channelnewsasia.com/world/tiktok-ban-fbi-chief-senate-warns-china-app-4287596
FBI chief warns on TikTok as Senate set to back ban
Quick Glance: San Francisco's Real Estate Market in Turmoil
  • The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.

  • In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.

  • Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'

  • San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
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Auto China: China's car manufacturers play in a different league: Car manufacturers from Europe want to prove at the “Auto China” trade fair in Beijing that they ...
wiwo.de/unternehmen/auto/automesse-in-peking-chinas-autohersteller-spielen-in-einer-anderen-liga-/29773666.html
Auto China: China's car manufacturers play in a different league
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Huawei’s new Pura 70 series smartphone poses a threat to iPhone sales in China, say analysts
scmp.com/tech/big-tech/article/3259655/huaweis-new-pura-70-series-smartphone-poses-threat-iphone-sales-china-say-analysts
Huawei’s new Pura 70 series smartphone poses a threat to iPhone sales in ...
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The Ukraine war is turning into a Sino-American proxy war: Xi Jinping to Olaf Scholz: All countries must have a place at the table, none should be on the menu ...
berliner-zeitung.de/politik-gesellschaft/geopolitik/ukraine-krieg-wird-zum-chinesisch-amerikanischen-stellvertreterkrieg-li.2207230
The Ukraine war is turning into a Sino-American proxy war
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Chinese fast-fashion app Shein will face tougher EU tech rules: Europe tightens scrutiny of China-based tech companies.
politico.eu/article/chinese-fast-fashion-app-shein-will-face-tougher-eu-tech-rules/
Chinese fast-fashion app Shein will face tougher EU tech rules
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Tesla cuts prices in China, Germany and around globe after US cuts: Tesla has cut prices in a number of its major markets, including China and Germany ...
reuters.com/business/autos-transportation/tesla-cuts-prices-across-its-line-up-china-2024-04-21/
Tesla cuts prices in China, Germany and around globe after US cuts
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
  • Tesla lowers prices in Germany to increase inventory and sales.

  • Elon Musk addresses price complaints and emphasizes the need for flexible pricing.

  • Buyers of Tesla vehicles during expensive phases may face depreciation.

  • Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
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Online videos show Chinese runner being gifted win in Beijing half-marathon: The winner, He Jia, is a member of China’s marathon team and is a national marathon ...
straitstimes.com/sport/online-videos-show-chinese-runner-being-gifted-win-in-beijing-half-marathon
Online videos show Chinese runner being gifted win in Beijing ...
Quick Glance: Investigation Launched After Beijing Half Marathon Finish
  • Following the finish of the Beijing Half Marathon, the results are now under scrutiny due to the peculiar behavior displayed by three runners from Kenya and Ethiopia.

  • A Chinese runner overtook the others, as seen in a recorded livestream of the Beijing Half Marathon. The remaining three runners - Willy Mnangat and Robert Keter from Kenya, and Dejene Hailu from Ethiopia - followed closely behind, with He claiming the first place.

  • The organizers of the half-marathon are currently examining the results after a video of the finish circulated online, prompting many to question the intention of the three African runners to slow down.

  • The winner secured the first place with a time of 1 hour 3 minutes 44 seconds. Mnangat, Keter, and Hailu shared the second place, one second later.
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From footballer to Buddhist monk: Swedish ex-player’s incredible transformation detailed on his Instagram page
scmp.com/sport/football/article/3259457/footballer-buddhist-monk-swedish-ex-players-incredible-transformation-detailed-his-instagram-page
From footballer to Buddhist monk: Swedish ex-player’s incredible ...
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Congress approves bill banning TikTok unless Chinese owner ByteDance sells platform
ft.com/content/d84df824-19c0-4105-ae95-816dd0618efb
Congress approves bill banning TikTok unless Chinese owner ByteDance sells ...
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Russia Is Working on a 128-Core Supercomputing Platform: Report: The country's notoriously ancient computer systems are due for an upgrade.
extremetech.com/computing/russia-is-working-on-a-128-core-supercomputing-platform-report
Russia Is Working on a 128-Core Supercomputing Platform: Report
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Apple smartphone shipments in China plummet 19% in 2024 : Apple’s challenges in china continue in the first quarter of 2024. The company's smartphone ...
wionews.com/videos/apple-smartphone-shipments-in-china-plummet-19-in-2024-714439
Apple smartphone shipments in China plummet 19% in 2024