China
Jack Ma hiding in Tokyo amid China's crackdown on tech firms: Report
Ma, the founder of the e-commerce giant Alibaba who until the tech clampdown was China's richest person, has rarely been seen in public since criticising the attitude of Chinese regulators towards tech companies at a summit in Shanghai two years ago, said the Guardian report. Aside from a 48-second online appearance early last year, described by one analyst as akin to a "hostage video", a brief trip to the Netherlands and Ma's 88-metre superyacht Zen being spotted last summer docking off the Spanish island of Mallorca.
Jack Ma enjoys hot spring, ski resort in Japan as China simmers
Financial Times reported, citing sources, that Ma and his family are enjoying hot spring and ski resorts in the countryside outside Tokyo amid regular trips to the US and Israel. "Since his fallout with Chinese authorities, Ma has been spotted in various countries, including Spain and the Netherlands," the report mentioned. Ma has reportedly been living in central Tokyo for nearly six months, amid Beijing's ongoing crackdown on the country's technology sector.
FCC bans Chinese tech equipment from entering US
The FCC adopted new rules prohibiting communications equipment deemed to "pose an unacceptable risk to national security from being authorised for importation or sale in the US". This is a huge blow to Chinese companies as they can't legally import or sell anything with a radio in the US without the FCC authorisation.
Rupee weakening due to dollar strengthening, economy can't be blamed: Piyush Goyal
Addressing the Times Now summit, the minister, despite rising inflation, sounded an optimistic note, noting that compared to sky rocketing inflation in many countries, where it is ranging between 8 to 10 per cent, India has maintained a fair balance between inflation and interest rates and price rise in the country is much lower than compared to others.
Foxconn offers $1,400 to each new hire to leave China iPhone factory
The new hires at the world's largest iPhone factory will receive the money if they tender their resignation immediately, reports South China Morning Post. The offer to workers was published by Chinese online media outlet Cailianshe, after violent clashes over allowances and strict Covid-19 measures.
Negotiations on India-UK free trade pact to restart next month: Piyush Goyal
Union Commerce Minister Piyush Goyal, while speaking on the sidelines of a steel industry event, said that the India-UK FTA is a high-priority issue for both the nations and negotiations on it are expected to take place next month. Goyal said he is already in touch with his UK counterpart for the next round of talks on the trade pact.
China's real estate crisis could be over
Key measures include allowing banks to extend maturing loans to developers, supporting property sales by reducing the size of down payments and cutting mortgage rates, boosting other funding channels such as bond issues, and ensuring the delivery of pre-sold homes to buyers.
Chip export curbs not aimed at hurting businesses: US official
Thea Kendler, US assistant secretary of commerce for export administration, made the remarks, as Washington's new set of export restrictions have sparked concerns they will deal a serious blow to South Korean chipmaking companies, primarily Samsung Electronics and SK hynix.
India-US ties driven by common interest of promoting sustainability: Piyush Goyal
The Union Minister made the remarks while virtually addressing the India-US CEO Forum which was chaired jointly by Goyal and US Secretary of Commerce Gina Raimondo. Goyal said that the forum continues to be an effective platform for dialogue across key sectoral themes and also highlighted the significant growth of the India-US economic relations at the forum.
India needs to become a quality conscious nation: Piyush Goyal
Addressing a seminar on Bureau of Indian Standards (BIS) - emerging global trends in laboratories of Atmanirbhar Bharat, Commerce Minister Piyush Goyal said that until India becomes a leader in quality, it will not be able to become a developed economy.
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