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    A report published Tuesday by the website the Information accused Apple of partnering with Chinese manufacturers that openly, and illegally, reject individuals from jobs based on race and ethnic background – the same ethnic backgrounds of people they stand accused of exploiting as slaves. Apple conducts a significant percentage of the manufacturing of its products in China through partnerships with...
    Republican Colorado Rep. Ken Buck sent a letter Tuesday to Apple CEO Tim Cook detailing the company’s human rights record and incidents over the last year and calling for clarification on allegations linking Apple to forced labor in China. Buck asked Cook in the letter first obtained by the Daily Caller about his July 29, 2020 testimony before the House...
    One of the great paradoxes of recent economic history is how little the information technology sector has contributed to overall productivity. Somewhat surprisingly, we do not witness, even with a lag, a major pickup in the productivity growth in other industries that are directly and indirectly connected to the IT industry. One would expect that if the IT industry were...
    More On: joe biden Biden’s big FDR-style agenda is already sputtering to a halt Of mice and men: Chinese military helped create ‘humanized’ rodents to test viruses, report claims Biden won’t create presidential commission on Capitol riot Texas governor moves to block facilities for child migrants President Biden has signed an executive order that expands a Trump-era ban on...
    President Joe Biden stuck a blow at Beijing when he signed an executive order on Thursday that bans American investment in Chinese businesses with alleged ties to defense or selling surveillance technology.  The order came because of the 'unusual and extraordinary threats' posed by Chinese surveillance technology against democracy, the administration said. 'This E.O. allows the United States to prohibit –...
    President Joe Biden has nearly doubled the list of Chinese companies whose shares are off-limits to U.S. investors in the latest sign he isn't softening Washington's stance toward Beijing. An executive order issued late Thursday says it aims to "solidify and strengthen" an order signed last year by his predecessor, Donald Trump, by strengthening controls on investments in...
    US President Joe Biden speaks during a commemoration of the 100th anniversary of the Tulsa Race Massacre at the Greenwood Cultural Center in Tulsa, Oklahoma, on June 1, 2021.Mandel Ngan | AFP | Getty Images President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country's military and surveillance efforts, adding...
    President BidenJoe BidenBiden congratulates election of new Israeli president amid agreement to oust Netanyahu Trump DOJ seized phone records of New York Times reporters 'Blue's Clues' hosts virtual Pride parade with help of former 'Drag Race' contestant MORE signed an executive order on Thursday to prohibit investments in Chinese defense and surveillance firms that produce or use technology to facilitate...
    On Friday’s broadcast of the Fox Business Network’s “Mornings with Maria,” Rep. Michael Waltz (R-FL) touted legislation he is introducing that would forbid companies that support the 2022 Olympics in China from doing business with the federal government. Waltz said, “I’m introducing legislation to say that if you’re going to support a genocide Olympics, if you want to boycott Georgia,...
    During a portion of an interview aired on Wednesday’s broadcast of CNN’s “The Lead,” House Foreign Affairs Committee Ranking Member Michael McCaul (R-TX) accused some American companies, including Nike, of being “complicit” in the genocide of the Uyghurs in China. McCaul said, “I think they’re complicit with the genocide going on in China.” McCaul also commented on Nike declining to...
    During a Wednesday appearance on Fox News Channel’s “America’s Newsroom,” Sen. Tom Cotton (R-AR) weighed in on actor and WWE superstar John Cena apologizing in Mandarin for calling Taiwan a country while promoting his upcoming film “F9.” Cotton said Cena’s apology goes to show that “Hollywood is deep in China’s pocket.” He added China’s influence is “almost everywhere in society.”...
    TAIPEI, Taiwan -- Actor and professional wrestler John Cena has apologized to fans in China after he called Taiwan a country in a promotional interview for his upcoming film and became the latest celebrity to face the fury of Chinese nationalists.In a short video posted Tuesday on Chinese social media site Weibo, Cena did not refer to Taiwan or go...
    A worker works on a production line to produce electrical products for domestic and Southeast Asian markets in Hai 'an city, east China's Jiangsu province, March 29, 2021.Costfoto | Barcroft Media | Getty Images The Covid-19 resurgence in some parts of Asia could lead to a change in fortunes for China, according to an economist. Previously, the U.S.-China trade war...
    More On: plastic Australian academics enlist amateur scientists to study microplastics Rothy’s April sustainable collection is perfect for summer weather Malaysia permits import of US plastic waste after it passes new UN treaty test This plastics maker has Wall Street salivating ahead of stock debut Fossil fuel companies based in the US are driving the world’s plastic pollution crisis,...
    Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021.Tingshu Wang | Reuterss BEIJING — Many U.S. companies in China are still finding it harder to operate in the country compared with their Chinese counterparts in the U.S., the American Chamber of Commerce in China said in a report released Tuesday. "AmCham China's...
    VIDEO2:2302:23JPMorgan is bullish on Chinese tech stocks. Here's whyStreet Signs Asia JPMorgan Asset Management is bullish on Chinese technology stocks even though regulators are cracking down on internet giants in the mainland. Shares of major Chinese tech companies such as Alibaba, JD.com and Meituan have tumbled this year as Beijing moved to rein in monopolistic behavior among internet giants.   ...
    3 dead in shooting at Wisconsin casino hotel An influencer mom who accused a Latino couple of trying to kidnap her kids in a store was charged with lying to police Fintech had a watershed year in 2020. Firms raised a record-setting 97 mega rounds (rounds of US$100 million or more in size), and fintech products across the globe...
    A Republican congressman posted on Facebook that he was issued a mask made in China to wear for President Joe Biden’s speech Wednesday. Congressman Troy Nehls (R-TX) posted photos of himself on the House floor and talking to Sen. Ted Cruz (R-TX): On the floor of the House with Senator Ted Cruz and other colleagues as we await President Biden’s...
    Tiny Getaway cabins become hot property for pandemic mini-vacations Travel to Australia during Covid-19: What you need to know before you go (Bloomberg) -- Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs employed against Jack Ma’s Ant Group Co. in a...
    The Xpeng P7 electric vehicle displayed outside the New York Stock Exchange on Aug. 27, 2020 when the Chinese electric vehicle launched its initial public listing.Jeenah Moon | Bloomberg | Getty Images BEIJING — Chinese companies are rushing to go public in the red-hot IPO market in the U.S. — before it loses steam. The first three months of the...
    A Chinese-born, naturalized U.S. citizen was convicted Thursday of stealing trade secrets worth up to $120 million from companies that developed a safer coating for the inside of beverage cans and trying to sell the technology to the Chinese Communist Party. Xiaorong You, who began working in the United States nearly 30 years ago, was employed by Coca-Cola and...
    In this article NIO XPEV Nio plans to begin deliveries of its ET7 electric sedan in 2022.Evelyn Cheng | CNBCSHANGHAI — After the last year of growth in the world's largest auto market, China's electric car start-ups are stepping up plans to take on Europe. Chinese authorities only began peeling back restrictions on full foreign ownership of local automobile...
    Chinese President Xi Jinping urged foreign nations against building walls and to avoid unilateralism in a speech to prominent U.S. business leaders. World leaders should practice cooperation and openness, Jinping told the virtual Boao Forum conference on Tuesday, The New York Times reported. Jinping added that unilateralism, or the idea that a nation should prioritize itself before other countries, must...
    In this article PYPLThe PayPal application on an Apple iPhone. Andrew Harrer | Bloomberg | Getty ImagesBOAO, China — PayPal plans to set up a local wallet in China focused on cross-border payments. In January, the U.S. fintech company became the first foreign firm with 100% ownership of a payments platform in China. But until now, PayPal's been quiet on its...
    Hong Kong (CNN Business)The A-list of China's tech industry was summoned before the country's powerful regulators on Tuesday for a dressing down over antitrust behavior, just days after Alibaba (BABA) was hit with a record $2.8 billion fine for behaving like a monopoly. The State Administration for Market Regulation (SAMR), along with the Cyberspace Administration (CAC) and the State Taxation...
    Alibaba's co-founder Jack Ma (R) looks at Tencent Holdings' CEO Pony Ma during a celebration meeting marking the 40th anniversary of China's "reform and opening up" policy at the Great Hall of the People in Beijing on December 18, 2018.WANG ZHAO | AFP via Getty Images The success of China's internet giants is closely tied to their relationship with Beijing,...
    Chinese President Xi Jinping in Beijing on Jan. 22, 2021.Shen Hong | Xinhua News Agency | Getty Images GUANGZHOU, China — China is looking to tighten rules around how its citizens' personal data is collected, as it moves to further rein in the power of technology giants like Alibaba and Tencent. A strong data framework could help countries define how...
    BEIJING (AP) — The Biden administration has added seven Chinese supercomputer research labs and manufacturers to a U.S. export blacklist in a spreading conflict with Beijing over technology and security. The measure announced Thursday is the latest sign President Joe Biden is sticking to the tough line taken by his predecessor, Donald Trump, toward Chinese tech industries seen by Washington...
    U.S. corporations that claim to value human rights are continuing to do business in China, a country that promises the “eventual demise of capitalism,” despite the country’s treatment of Uyghurs. Chinese President Xi Jinping has long held an agenda committed to the”ultimate victory of socialism,” as outlined in a January 2013 speech, given two months prior to becoming president. For...
    C. Douglas Golden, The Western Journal April 5, 2021 0 Comments President Joe Biden wants to spend $4 billion to “address factors driving migration from Central America,” as his campaign website put it. Democratic Rep. Vicente Gonzalez of Texas thinks that’s a waste of money, and he’s probably right. His solution isn’t much better, however: Bring jobs the United...
    On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that while he opposes Georgia’s election law, he is concerned about corporations opposing the law and moving business out of the state because it means another institution has become political, there’s a double standard with companies that oppose Georgia’s law doing business in China, and he’s concerned about businesses with economic...
    (CNN Business)Companies that want to do business in China have long made compromises in the pursuit of success. Now an escalating diplomatic dispute over human rights is underscoring the stark choice facing Western executives: put profit or principles first. The strains over Xinjiang — where US, EU and UK authorities have accused the Chinese government of repressing Uyghurs and other...
    On Wednesday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Rep. Vicente Gonzalez (D-TX) said that the U.S. should invite American businesses who manufacture in China “to go down to these Northern Triangle countries and have these operations there and incentivize them to create jobs closer to home that have impacts on our southern border.” Gonzalez said, “I...
    In this article BILI 9988-HK 9888-HK The Bilibili booth is pictured during the 2019 Yangtze River Delta International Cultural Industries Expo at National Exhibition and Convention Center on November 21, 2019 in Shanghai, China.Gao Yuwen | Visual China Group | Getty ImagesGUANGZHOU, China — Shares of Chinese video and gaming company Bilibili opened lower on the first day of...
    We believe that selecting companies with strong ESG standards improves our chances of avoiding loss-making corporate scandals and failures. We also see it as a way to generate alpha – or higher-than-market returns – by investing in positive business change. Ultimately, we believe that progressive ESG policies have the potential to boost company profitability and share prices in the long...
    H&M was one of the few companies that cut off business ties in China’s northwestern Xinjiang region over concerns about human rights violations. It now finds itself in the crosshairs of a coordinated attack launched by Chinese state-backed outlets, online shopping platforms and celebrities. The outrage comes after China’s Communist Youth League, a group linked to the Chinese Communist Party...
    Nike and other Western companies that condemn the reported use of forced labor in Xinjiang’s cotton fields now face boycotts in China, punitive measures supported by the Chinese communist government. “The Chinese people wouldn't allow foreigners to reap benefits in China on the one hand and smear China on the other,” Chinese Foreign Ministry spokeswoman Hua Chunying told reporters,...
    By JOE McDONALD, AP Business Writer BEIJING (AP) — China’s government on Thursday called on Washington to drop efforts to expel three state-owned Chinese phone companies from the United States in a new clash over technology and security. The Federal Communications Commission voted Wednesday to begin revoking the companies' U.S. licenses. It said they are security risks controlled by the...
    BEIJING (AP) — China’s government on Thursday called on Washington to drop efforts to expel three state-owned Chinese phone companies from the United States in a new clash over technology and security. The Federal Communications Commission voted Wednesday to begin revoking the companies’ U.S. licenses. It said they are security risks controlled by the communist Beijing government. The foreign ministry...
    Chinese state media on Monday estimated $26 million in damage from the vandalism of Chinese-owned businesses in Yangon, Myanmar this weekend by protesters angry at Beijing’s support for the military junta. China’s state-run Global Times quoted Chinese Foreign Ministry spokesman Zhao Lijian demanding additional protection for Chinese interests and musing that evacuation for Chinese nationals is not out of the...
    Despite the Biden administration’s affirmation of the “genocide” designation, some large corporations continue to do business in China and remain silent on the matter. China has created specific legislation targeting Uyghurs in the Xinjiang province under the facade of “counterterrorism.” Cummins, Walmart, Nike, the NBA, Goldman Sachs, and Disney continue to do business in China. Some companies, such...
    VIDEO1:5001:50China to boost R&D spending in push for tech breakthroughsStreet Signs Asia GUANGZHOU, China — China is looking to boost research into what it calls "frontier technology" including quantum computing and semiconductors, as it competes with the U.S. for supremacy in the latest innovations. In its five-year development plan, the 14th of its kind, Beijing said it would make "science...
    China-based government hackers have exploited a bug in Microsoft's email server software to target U.S. organizations, the company said Tuesday. Microsoft said that a "highly skilled and sophisticated" state-sponsored group operating from China has been trying to steal information from a number of American targets, including universities, defense contractors, law firms and infectious-disease researchers. Microsoft said it has released security...
    Washington — The Senate voted overwhelmingly Tuesday to confirm Rhode Island Governor Gina Raimondo to serve as President Biden's commerce secretary and help guide the economy's recovery during and after the coronavirus pandemic. The vote was 84 to 15. Raimondo, 49, was the first woman elected governor of Rhode Island and is serving her second term. She is a Rhodes...