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China Bans iPhone Use for Government Officials at Work
The directive is the latest step in Beijing’s campaign to cut reliance on foreign technology and could hurt Apple’s business in the country. Source link
BYD, China's Tesla, Is Coming for the World
The EV maker is about to become an export juggernaut and a threat to the world’s largest automakers. Source link
U.S. Arms Makers Look Overseas to Boost Stockpiles
With demand for weapons surging in Ukraine and concerns rising about China, the Pentagon is supporting ‘friend-shoring’ manufacturing lines abroad. Source link
Saudi Arabia's Aramco Considers Selling $50 Billion in Shares
The offering, likely on the Riyadh exchange, would be the largest in the history of capital markets. Similar previous plans have fallen through. Source link
This Company Is Nvidia's AI Chip Partner—and Its Stock Is Soaring
SK Hynix has long been a major player in the boom-and-bust world of memory chips, but it hasn’t historically been viewed as an industry pioneer.
Ukraine's Farmers Count the Cost of Grain Deal's Collapse
Russia’s exit from the Black Sea export agreement and its attacks on Ukrainian ports have led to lower income and higher costs in Ukraine’s agriculture
Everyone Wants to Talk to Gina Raimondo–Even China
The Commerce Department head tests her expanded reach this weekend. Source link
Heineken Sells Russia Business…for $1
The deal with Russia’s Arnest Group comes after Moscow seized the local assets of Danish beer rival Carlsberg. Source link
Deal on China Flights Signals U.S. Airlines' Stronger Hand
Both sides stay civil even as the Biden administration’s go-slow policy frustrates Beijing’s hopes of a faster aviation-market reopening. Source link
Chinese E-Commerce Giants Pivot to Selling Inexpensive Goods
Alibaba’s and JD.com’s quarterly results exceeded expectations after they focused on offering discounted goods in an uncertain economic environment. Source link