GM believes shift to EVs will be faster in China. General Motors is shaking up its vehicle lineup in China. This time, they want to highlight their ambitions of boosting its presence in the electric vehicle industry in the region. This came after a drop in sales disrupted their decades […]
Read Time : 2 Minutes
China Would Let TikTok Die Over Selling to US
If China had its way, it would just let TikTok die quietly, like Vine. This report came Friday after sources said China would try to delay TikTok’s sale to a US buyer as long as possible. China and the TikTok Sale Reuters reported Friday that China was willing to use […]
Read Time : 3 Minutes
HSBC Reports 65 Percent Dive in Net Profits Amid Pandemic, Geopolitical Tensions
HSBC’s first half of the year is not looking good amidst the continuous blow of the pandemic to various sectors, including banks. This could potentially “accelerate” the overhaul plans of the company, which was announced before the pandemic. Down by more than half HSBC reported a year-after-year dive of 65 […]
Read Time : 2 Minutes
Apple Begins Making iPhone 11 Units In India
In its efforts to move away from China, Apple has begun moving its plants to India. Through its partner Foxconn, Apple has started to assemble the iPhone 11 in a plant in Chenna. A source from Apple said that the company wants to ramp up local production in the country. […]
Read Time : 3 Minutes
Trump Campaign Starts Online Petition to Ban TikTok
US President Donald Trump snipes at TikTok again, as his reelection campaign launches an online petition to ban TikTok. The app is currently under fire for its Chinese roots. US lawmakers have called it a threat to national security. Meanwhile, Trump had already called for banning the app. What Is […]
Read Time : 3 Minutes
US to Cease Giving Hong Kong ‘Special Treatment’ with New Executive Order
United States President Donald Trump decreed an executive order to treat Hong Kong the same as mainland China. The president said Tuesday the he signed a law that will end preferential treatment of the former British colony after Beijing implemented its new security law. ‘No more special treatment’ In an […]