China announced new import tax cuts on semiconductors on Monday to buff up its domestic sector amid a global shortage of chips caused by the COVID-19 pandemic.From July 2020 to the end of 2030, chipm
A factory in Lianyungang City, east China's Jiangsu Province, March 25, 2021. /CFP China's industrial profits grew significantly during the January-February period as the country is back to no
German industrial group notes that Europe should remain neutral between China and the U.S. /CFP Instead of taking sides, Europe should stay neutral between China and the U.S. for its own inter
Data is a gold mine for a company.If managed well, it provides the clarity and insights that lead to better decision-making at scale, in addition to an important tool to hold everyone accountable.Howe
The Huawei Technologies logo is displayed on a smartphone with the 5G inscription background. /CFP Huawei announced on Tuesday that it will begin to charge smartphone makers a royalty for acce
BMW has joined the cohort of investors that are backing Boston Metal’s carbon dioxide-free production technology for steel.The Boston-based startup had targeted a $50 million raise earlier in th
04:41 China will continue to implement tax cuts and fee reductions policy and further bolster small businesses in 2021, Chinese Finance Minister Liu Kun said at the Ministers' Corridor
Fintech startup Revolut has its own banking license in the European Union since late 2018. It lets the company offer some additional financial services without partnering with third-party companies. A
Ningxia wolfberry listed as China's Geographical Indications product. /CFP The China-EU Agreement on Geographical Indications is coming into force on Monday, protecting 200 prized foods from b
Astra, the Alameda-based space launch startup that recently announced its intent to go public via a SPAC merger, has secured a contract to deliver six cube satellites to space on behalf of NASA. Astra
China's overall tax rate dropped from 21.8 to 15.8 percent during the 13th Five-Year Plan period (2016-2020). /CFP The overall tax rate on imported goods in China was slashed by more than a qu
FILE PHOTO: A salesman carries second hand clothes at a market in Nairobi, Kenya on April 3, 2017. Advocates in the country are stressing that post-pandemic economic recovery plans must center th
The Stock Exchange of Hong Kong is owned by Hong Kong Exchanges and Clearing Ltd. /VCGShares of Hong Kong Exchanges and Clearing Ltd. (HKEX) slumped more than 11 percen
SpaceX hasn’t issue any public statement about the $850 million in fresh funding CNBC reported it raised last week, but a filing with the U.S. Securities and Exchange Commission (SEC) published
Light industrial products on display at Dalian Xinghai Convention and Exhibition Center in Dalian, northeast China's Liaoning Province, November 5, 2020. /CFP China's light industry registered
Italy’s competition watchdog said on Wednesday it had fined Facebook 7 million euros ($8.5 million) for not complying with a request by the regulator to correct imprope
SpaceX has raised a fresh round of funding, totalling $850 million, per a new report by CNBC, citing sources “familiar” with the matter. The new capital brings the total valuation of the c
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