Even Before TikTok’s Troubles, Chinese Companies Were Wary of Washington
Chinese tech companies long looked to the United States as a key market and source of investment. Firms like ByteDance, the company behind TikTok, courted major American investment firms like General Atlantic and Susquehanna Capital. Chinese start-ups in Shanghai and Shenzhen saw an initial public offering on the Nasdaq or
When the Retirement Community Goes Bankrupt
Three years ago, when Bob and Sandy Curtis moved into an upscale continuing care retirement community in Port Washington, N.Y., he thought they had found the best possible elder care solution. In exchange for a steep entrance fee — about $840,000, funded by the sale of the Long Island house
India’s automobile industry will be number one in world in next 5 years: Gadkari
NEW DELHI: India’s automobile industry will be number one in the world in the next five years, Union Minister Nitin Gadkari said on Saturday, highlighting that the industry has created 4.5 crore jobs till now, the highest in the country. Addressing a Federation of Automobile Dealers Association (FADA) event, the
As the Los Angeles Wildfires Continue, Restaurants Rise Up
A few weeks ago, I had dinner at LaSorted’s in Chinatown, eating pizza and drinking wine with my husband while our toddler gnawed at a crust and threw a few salad leaves onto the floor. When I walked in this past Wednesday — as thousands of acres of Los Angeles
China Restricts Apple, BYD Manufacturing Shifts to India & Southeast Asia Amid Trade Tensions | International Business News
China is making it harder for employees and specialised equipment needed for high-tech manufacturing in India and Southeast Asia to leave its borders, according to people familiar with the matter, a possible attempt to prevent companies from shifting production in anticipation of higher tariffs under US President-elect Donald Trump.Officials in
Russian Disinformation Campaigns Eluded Meta’s Efforts to Block Them
A Russian organization linked to the Kremlin’s covert influence campaigns posted more than 8,000 political advertisements on Facebook despite European and American restrictions barring companies from doing business with the organization, according to three organizations that track disinformation online. The Russian group, the Social Design Agency, evaded lax enforcement by
Intel shares jump on report it’s an acquisition target
Intel shares jumped as much as 9.5% on Friday morning in the US after a report on a tech news site said the beleaguered chipmaker is an acquisition target. SemiAccurate, a tech-focused newsletter founded by Charlie Demerjian, said it “read an email about a company trying to acquire Intel, whole”
Oracle May Hold TikTok’s Future in Its Hands
TikTok’s immediate future may rest in the hands of a tech company that has largely avoided the spotlight: Oracle. The company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored. “It could become a digital roadblock that prevents people from
IMF retains India’s FY25 growth forecast at 6.5%
NEW DELHI: The International Monetary Fund (IMF) on Friday retained India’s growth forecast for 2024-25 at 6.5% but said that growth in the country has slowed more than predicted, led by a sharper-than-expected deceleration in industrial activity.“In India, growth is projected to be solid at 6.5% in 2025 and 2026,
TikTok to ‘Go Dark’ on Sunday for Its 170 Million American Users
TikTok said late Friday that its service would “go dark” for its 170 million American users on Sunday in the face of a federal ban over fears that its Chinese ownership poses a threat to the United States’ national security. The company said in a statement posted to its website