BEIJING — Uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China, a report by a European business group said Wednesday. The lengthy paper by the European Union Chamber of Commerce in China urges China’s leaders to do more to address concerns that it says have “grown exponentially” in recent years. “This … Read more
SINGAPORE — After a U.S. senator grilled Singaporean TikTok CEO about his nationality and affiliation with the Chinese Communist Party, Singaporeans are complaining about ignorant — or even racist — views of their country. TikTok CEO Shou Chew, along with executives from technology firms such as Meta, X and Snap, testified before U.S. lawmakers on … Read more
PARIS — Global supermarket chain Carrefour will stop selling PepsiCo products in its stores in France, Belgium, Spain and Italy over price increases for popular items like Lay’s potato chips, Quaker Oats, Lipton tea and its namesake soda. The French grocery chain said it pulled PepsiCo products from shelves in France on Thursday and added … Read more
LONDON — Bye, Lightning cable. Hey, USB-C. Apple is ditching its in-house iPhone charging plug and falling in keeping with the remainder of the tech trade by adopting a extra broadly used connection normal. An enormous a part of the reason being a European Union widespread charging rule that is coming quickly for the 27-nation … Read more
Signage on the Alibaba Group Holding Ltd. sales space on the Sensible China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Photographs Alibaba must be “person first” and “AI-driven,” new CEO Eddie Wu instructed staff on Tuesday, as he laid out the strategic priorities for the Chinese language … Read more
FRANKFURT, Germany — Greater than 500 firms have suspended their enterprise in Russia, and an analogous quantity have withdrawn utterly. A further 151 are “scaling again,” 175 are “shopping for time” and 230 are “digging in,” in line with database saved by Yale College. Chinese language firms determine prominently within the final class. This is … Read more