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The American corporation Apple intends with its ten suppliers in China to create a fund for investments in clean energy named China Clean Energy Fund in volume of 300 million dollars . The Wall Street Journal writes that this move by Apple demonstrates the commitment of the American technology corporation to the development of business in China, despite the tension in the relations between Washington and Beijing. The entire amount of resources will be received by the fund within 4 years, which will allow it to invest in projects that will create in China renewable energy capacities totaling more than 1 gigawatt. The capacities will be used to supply the electricity to the operations of the Apple suppliers who are members of the fund.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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