Posts by Yurie Miyazawa
After TikTok, China biotech next to face wrath of US congress
CHINA hawks in the US House are working to overcome a last-ditch lobbying effort and pass legislation as early as on Monday (Sep 9) night that would blacklist Chinese biotech companies and their US subsidiaries. At stake, the bill’s backers argue, is whether China will dominate another field the US pioneered, amid fears China could…
Read MoreUS House passes bill to blacklist some China biotech firms
CHINA hawks in the US House overcame a last-ditch lobbying effort and passed legislation on Monday (Sep 9) night that would blacklist Chinese biotech companies and their US subsidiaries. The bill, approved by a vote of 306 to 81, now goes to the Senate. At stake, the bill’s backers argued, is whether China will dominate…
Read MoreUS House passes bill to blacklist some China biotech firms
CHINA hawks in the US House overcame a last-ditch lobbying effort and passed legislation on Monday (Sep 9) night that would blacklist Chinese biotech companies and their US subsidiaries. The bill, approved by a vote of 306 to 81, now goes to the Senate. At stake, the bill’s backers argued, is whether China will dominate…
Read MoreApple looks to entice iPhone 16 shoppers with not-quite-ready AI
APPLE introduced the latest version of its flagship device, the iPhone 16, betting it can entice consumers with modest hardware upgrades and artificial intelligence (AI) technology that’s still on the horizon. Chief executive officer Tim Cook unveiled the smartphone – alongside new watches and AirPods earbuds – at an event on Monday (Sep 9) that…
Read MoreIt’s time to overhaul the Singapore stock market
A sustainable and effective way, more than a quick shot in the arm, is needed to revive struggling equities exchange SINGAPORE’S equities market is clearly facing significant challenges. Last year marked the worst year for listings since the Singapore Exchange (SGX) opened its doors in 1999. It had just six initial public offerings (IPOs)…
Read MoreGoogle’s Privacy Sandbox adoption costs burden small ad-tech firms, industry says
SMALLER ad-tech firms are raising competition concerns over Google’s long-brewing cookies alternative, Privacy Sandbox, at a time when the Internet giant’s digital ads business is already under US and UK scrutiny. The US and UK regulators suspect that Privacy Sandbox, which has been in the making for five years, could give Google too much control…
Read MoreCSE Global agrees to US$8 million settlement with customer of subsidiary
The settlement is expected to have a material adverse impact on the financial position of the company Technology solutions provider CSE Global has agreed to a US$8 million settlement payment with the customer of its wholly owned subsidiary, Hankin Environmental Systems. The settlement is expected to have a material adverse impact on the financial position…
Read MoreAir Canada begins preparations for shutdown due to ‘inflexible’ union demands
Air Canada is finalising plans to suspend most of its operations, likely beginning on Sunday (Sep 15), as talks with the pilot union are nearing an impasse over “inflexible” wage demands, the country’s largest airline said on Monday (Sep 9). Air Canada and its low-cost subsidiary, Air Canada Rouge, operate nearly 670 flights daily. Unless…
Read MoreChinese stock exchanges add Alibaba into Stock Connect Scheme
CHINA’S Shanghai and Shenzhen stock exchanges will include Chinese e-commerce giant Alibaba Group and some other companies into its Stock Connect cross-border investment scheme from Sep 10, separate filings showed on Monday (Sep 9). This move will integrate Alibaba into a programme linking the Shenzhen and Shanghai stock exchanges with the Hong Kong stock exchange.…
Read MoreGucci-owner Kering slumps to seven-year low on China demand fears
Chinese consumers are turning to brands with higher levels of desirability or exclusivity, Barclays analysts say FRENCH fashion designer Kering slumped to a seven-year low on worries about demand in China, with the Gucci brand owner among the worst-hit stocks in the recent luxury-sector sell-off. Kering fell as much as 4.3 per cent on Monday…
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