U.S. delivery company FedEx Corporation probably concealed more than 100 packages of Huawei while China’s technical leader blamed Flex for estimating its goods. A the same time, Sino-U.S. tensity further strain economic ties. China’s officials who investigate FedEx suspect it illegally held down the Huawei packages and also violated other orders. The Chinese authorities began an investigation into FedEx in June after the Huawei representatives reported the U.S. delivery company had diverted parcels intended for it. The probe also demonstrated that FedEx was assumed to holding up more than 100 packages of Huawei supplying to China. Both FedEx and Huawei declined to comment on the situation.
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 ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
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 ...