An aerial view shows workers taking down a collapsed building in eastern Taiwan’s Hualien county following an earthquake/ Sam Yeh | Afp | Getty Images Taiwan Semiconductor Manufacturing Co evacuated some production lines after a major earthquake hit Taiwan early Wednesday. The island was rocked by a massive earthquake that collapsed buildings and prompted tsunami advisories from Japan … Read more
President Joe Biden spoke with Chinese President Xi Jinping on the phone Tuesday, a call the White House described as a way for the two leaders to “check in” and responsibly manage the strained U.S.-China relationship. “Intense competition requires intense diplomacy to manage tensions, address misperceptions and prevent unintended conflict,” a senior administration official said … Read more
Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% from the fourth quarter. Here are the key numbers: Total deliveries Q1 2024: 386,810Total production Q1 2024: 433,371 Vehicle production declined 1.7% year over year and 12.5% sequentially for Tesla. Shares dropped … Read more
Workers at the Lava mobile phone manufacturing facility in Noida, India. Hindustan Times | Hindustan Times | Getty Images India wants to be the top manufacturer in Asia as companies shift away from China, but first it needs to lower taxes and improve supply chain efficiency if it wants to dethrone Vietnam. The U.S. has … Read more
Indonesian President-elect Prabowo Subianto met Chinese leader Xi Jinping in Beijing on Monday before heading to Japan for similar top-level talks amid rising tensions over the South China Sea. Xi told Prabowo that China is willing to boost “all-round strategic cooperation” with Indonesia and make positive contributions to regional and world peace, China Central Television … Read more
BEIJING — The French foreign minister pressed China on trade issues and the war in Ukraine on Monday ahead of a planned visit to France by Chinese leader Xi Jinping later this spring. Stéphane Séjourné, in talks with his counterpart Wang Yi in the Chinese capital, largely echoed positions that have been laid out by … Read more
Modern Shanghai city landscape juxtaposed against China’s national flag Yaorusheng | Moment | Getty Images China’s factory activity in March expanded by its strongest pace in more than a year, a private survey showed on Monday, in signs of stabilizing growth in the world’s second-largest economy. The Caixin China manufacturing purchasing managers’ index was 51.1 in … Read more
People learn about Baidu’s artificial intelligence chatbot service Ernie Bot during the 2nd Global Digital Trade Expo at Hangzhou International Expo Center on November 23, 2023 in Hangzhou, Zhejiang Province of China. China News Service | China News Service | Getty Images Nvidia’s rocket-ship ride in the stock market underscores the extent to which chip … Read more
TOKYO — Japan said Sunday its experts have held talks with their Chinese counterparts to try to assuage Beijing’s concerns over the discharge of treated radioactive wastewater from the wrecked Fukushima Daiichi nuclear power plant into the sea. The discharges have been opposed by fishing groups and neighboring countries especially China, which banned all imports … Read more
POHAKULOA TRAINING RANGE, Hawaii — The Marine gunner knelt on the rocky red soil of a 6,000-foot-high volcanic plain. He positioned the rocket launcher on his shoulder, focused the sights on his target, a rusted armored vehicle 400 yards away, and fired. Two seconds later, a BANG. “Perfect hit,” said his platoon commander. The gunner, … Read more