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American Apple is preparing to transfer the production of Mac Pro computers, which cost 6 thousand dollars, from the USA to China, sources familiar with the situation informed The Wall Street Journal. Apple signed a contract with Taiwanese computer manufacturer Quanta Computer to assemble computers at a factory in Shanghai. The location of a Taiwanese company close to another Asian supplier of Apple will help reduce the cost of shipping parts compared to shipping them to the US. The Journal notes that the message on the transfer of this production to China, however, does not change the already announced plans of Apple to transfer the assembly of its devices from China to other regions of Asia due to the continuing risks against the background of the trade conflict between the United States and China.
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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