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The American corporation Apple, in the framework of the planned large-scale restructuring of the supply chain, intends to transfer 15-30% of its production capacity outside of China - to Southeast Asia. The company asked for an assessment of the consequences of such a move to the main suppliers due to the continuing tension in trade relations between the United States and China, Nikkei Asian Review reports. Apple has developed its successful business in China over the past two decades, where hundreds of thousands of skilled workers have worked for it. According to the company's website, today it has created approximately 5 million jobs in China, of which over 1.8 million are developers of software and iOS applications. Apple invited its key assembly partners to evaluate possible production locations outside of 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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