The EU has raised tariffs on Chinese electric vehicles . My latest article looks at how the EU's move clashes with China's global EV ambitions. You can read it here ⬇️
@murtazahsyed
is a former acting governor of the State Bank of Pakistan and a former IMF official. He was on
#AsiaBusinessReport
@BBCWorld
for an excellent interview with
@BBCMarikoOi
on Pakistan's difficult economic situation and what the IMF and China can do to help. 1/3
A top Chinese health official has predicted that China is experiencing the first of three expected waves of Covid infections this winter. The chief epidemiologist said the second wave will be triggered by mass travel ahead of the lunar new year holiday. Here's more..
Air India has announced plans to acquire a whopping 470 aircraft combined from both Boeing and Airbus in what’s the largest single order ever in aviation history. Here's more..
I joined
@KarinBBC
on
@BBCWorld
earlier to discuss the Fed's decision to increase its key lending rate by 25 basis points, despite fears it could add to instability in the banking system. Watch it here 👇
Alphabet shares ended lower on Monday following a report that Samsung may dump Google for Microsoft's Bing as the default search engine on its devices. Here's more 👇
Indian PM Narendra Modi left for the U.S. on Tuesday. The visit is expected to see India and the U.S. strengthen cooperation in defence industry and high technology sectors. Here's more on why this is a critical visit for the two sides.
The World Bank is providing Turkey with a $1.78m aid package in the aftermath of earthquakes that killed more than 20,000 people and left many more homeless.
Here's more..
Prospective buyers of some Tesla models in China are facing longer waiting periods. It suggests a decision to cut prices has boosted demand for its electric vehicles. Here's more..
The WHO has said China is under-representing the number of deaths from Covid-19. It's a departure for the UN agency which up until now had refrained from accusing Beijing of lying. It comes as the EU urged countries to tighten restrictions on travellers from China. Here's more..
The chips are down again today in Asia. Shares of chipmaker TSMC fell almost 8% on the Taiwan exchange. It comes after the US announced tough new measures to restrict sales of technology to China.. Here's more from me on the
#WorldBusinessReport
@BBCWorld
A "right to disconnect" rule has come into effect in Australia, offering relief to people who feel forced to take calls or read messages from employers after they finish their day’s work. More here ⬇️
Silicon Valley Bank has been trying to reassure its clients their money is safe after a 60% collapse in its share price since Wednesday. SVB has been a key lender to many tech start ups but questions have been raised about its financial health. Here's more..
China's economy grew by 5.2% in 2023, which is slightly higher than the government's official target. But there are plenty of challenges including a property slowdown, deflationary pressures and a shrinking population. Here's more...
China has placed two US defence industry giants on its 'unreliable entities list'. Lockheed Martin and a unit of Raytheon Technologies were singled out over their arms sales to Taiwan. Here's more..
Tesla has produced and delivered a record number of vehicles in the fourth quarter. Still, the electric car maker missed its target of increasing annual deliveries by 50% or more in 2022. Here's more..
Ending the week here 👇 with a very a quick live hit on Japan's decision to lift restrictions on chip material exports to S Korea. The leaders of the two countries have been meeting in Tokyo - the first visit to Japan by a South Korean president in 12 years. Have a great weekend!
Here's the latest on the Covid-19 outbreaks in China and on how Alibaba-owned supermarket chain Freshippo is struggling to cope with the high volume of orders from locked-down customers in Shanghai. W/
@BenMBoulos
India's Adani Group is repaying a $1.1bn dollar loan. Shares in Adani's companies have plummeted since late January, when a report by a U.S. research firm accused the group of stock price manipulation and accounting fraud. The group has denied those allegations. Here's more..
Taiwan's manufacturing giant, Foxconn, says its revenue in January soared more than 48% from a year earlier. It marks a return to normality for the world's biggest iPhone maker after years of Covid disruptions in China. Here's the latest w/
@SallyBundockBBC
on
@BBCWorld
A US congressional delegation has arrived in Taiwan. They are visiting for two days and will meet President Tsai Ing-wen. It comes twelve days after a visit by House Speaker Nancy Pelosi which sparked an angry reaction from Beijing.. Here's more..
Samsung Electronics has appointed Jay Y. Lee as executive chairman. Mr. Lee was previously convicted of bribery and embezzlement.. Here's the latest on this morning's
#AsiaBusinessReport
with
@BBCMarikoOi
French President Emmanuel Macron and the President of the EU Commission Ursula von der Leyen will leave for China later today. They are expected in Beijing on Wednesday, and are due to meet with President Xi Jinping and other top Chinese officials. Here's more on what's at
Netflix has announced it is introducing limits on password sharing in four more countries.
The media giant estimates 100 million people around the world use shared accounts and says this is having an impact on its revenues.
Here's more..
Tech stocks around the world have slumped on fears about the global computer chip industry.
The selloff came after a report that the Biden administration could be set to further tighten restrictions on exports of chip tech to China. More here ⬇️
US regulators are trying to block the biggest gaming industry deal in history. The Federal Trade Commission has filed a complaint aimed at blocking tech giant Microsoft's $69bn bid to buy gaming studio Activision-Blizzard. Here's more on
@BBCWorld
#AsiaBusinessReport
Two US senators have announced plans to introduce legislation this week which will enable the US to limit firms such as TikTok, over security concerns. Here's more..
SpaceX - the rocket company run by multi-billionaire Elon Musk - is in trouble with labour authorities. It's being accused of unlawfully firing eight workers who were critical of Mr Musk. Here's more..
The annual session of the NPC kicks off this Sunday. Authorities will announce China's 2023 growth target. Peking University Finance Prof.
@michaelxpettis
was on Asia Business Report for an excellent interview with
@BBCMarikoOi
on the economic challenges China is facing. 1/2
A Hong Kong court has granted Evergrande more time to come up with a restructuring plan, adjourning a liquidation hearing until the end of January.
The company is the world's most indebted property developer - and its lawyers told the court with five more weeks it could "refine"
Hong Kong's controversial new security law has come into effect over the weekend. Critics say it could undermine the city's status as an international financial hub. Beijing counters that the legislation will protect national interests and allow Hong Kong to focus on economic
A US congressional panel has approved a bill that would force TikTok's China-based parent company to sell the app within six months or face a ban. Here's more..
TikTok is fighting back. The social media platform has filed a lawsuit challenging a US law that would ban the app in the country unless it is sold by its Chinese parent company. Here's a quick explainer I did earlier on the growing congressional mistrust toward the video app.
Tesla has delivered a record number of vehicles in the first quarter after slashing prices. The discounts were aimed at boosting sales at a time when consumers are facing soaring inflation and higher interest rates.. More on Tesla's Q1 performance here 👇
China has banned all seafood imports from Japan in response to Tokyo’s move to begin releasing treated radioactive wastewater from the Fukushima nuclear plant. Here's my live report on that story.
US authorities have charged a Chinese property tycoon based in New York with orchestrating a billion-dollar fraud. Guo Wengui is a critic of the Chinese govt and an associate of ex-White House chief strategist Stephen Bannon. Here's more..
Elon Musk's interview of Republican presidential candidate Donald Trump was marred by technical issues that the tech billionaire blamed on a cyber attack. More here⬇️
Indonesia’s electoral commission has announced the official results of last month's election. Defence minister Prabowo Subianto is set to become the country's next president. The final tally showed that Mr Prabowo and his running mate secured more than 58 percent of all votes
There's concern in Shanghai that the city could be headed to another citywide lockdown. Daily Covid-19 cases in the financial hub have risen sharply from last week..
The latest on the lockdown in Shanghai - Chinese President Xi Jinping says his government will stick to its zero-Covid approach despite growing public anger and mounting economic costs.
Evergrande's founder has been barred from China's securities market after regulators accused the group's flagship unit of securities fraud, failing to make timely disclosures, and inflating its earnings by around 80 billion dollars. Here's the latest..
Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared to a year earlier, according to research firm Counterpoint... Here's more
Stellantis has announced a $1.6bn deal to acquire a 20% stake in China's Leapmotor Technology. This gives the European car maker a vital foothold in the world's largest auto market. Here's more..
The Indonesian island of Bali is planning to ban foreign tourists from using motorbikes after a spate of cases involving people breaking traffic laws. Here's why this is a divisive move..
A slightly different one today on the BBC's World Business Report -- Gucci sales are expected to drop 20% in Q1 according to its owner, luxury conglomerate Kering. The drop is blamed on a much steeper decline than expected in the Asia Pacific region. Here's more...
Why are major American brands like Apple, Starbucks and McDonald’s rapidly losing market share in China to new domestic rivals? Here's a nice explainer by
@emilysiuwsj
So..
@SailGP
was in town recently, marking its first foray into Southeast Asia. Here's a piece on how the global sailing championship is using technology to win over sports fans in this part of the world.
CrowdStrike is being sued by shareholders after a faulty update by the cybersecurity firm crashed more than eight millions computers and caused chaos around the world. Here's more ⬇️
The US government says it has revoked some licences that allowed US chip makers to export certain goods to Chinese technology giant Huawei. More here 👇
Chinese car maker Zeekr says its new electric vehicle (EV) batteries charge faster than any of its rivals, including industry leaders Tesla and BYD. More here ⬇️
China's Premier, Li Qiang, has said import tariffs on advanced technology and equipment will be cut in an attempt to boost the economy. Mr Li told thousands of delegates at the annual gathering of the National People's Congress that China had set an economic growth target of 5%
China's economy stumbled in the second quarter, official data shows, just as the country's top leaders gathered for a key meeting to address its sluggish growth. Here's my latest ⬇️
Singapore Airlines has offered to pay compensation to those who were injured on a London to Singapore flight that encountered severe turbulence.
Read my latest below ⬇️
Uber is facing a multi-million pound legal claim being brought on behalf of almost 11,000 London black cab drivers. Litigation management firm RGL Management says the claim is worth at least £250m. More here 👇
BREAKING -- The owner of convenience store giant 7-Eleven has received a buyout offer from Canadian rival Alimentation Couche-Tard, which runs the Circle K chain. More here ⬇️
The streaming wars are heating up: Disney and Warner Bros say they will start to offer a bundle of the Disney+, Hulu and Max streaming services to customers in the US this summer. More here 👇
Volkswagen (VW) says it will invest up to $5bn (£3.94bn) in Tesla rival Rivian. The deal creates a joint venture that will allow the German car making giant and the US-based electric vehicle (EV) maker to share technology. More from me here⬇️
Russian antivirus giant Kaspersky Labs has told BBC News that it is leaving the US after the Biden administration banned sales and distribution of the firm's software. More from me here ⬇️
@murtazahsyed
Hi
@murtazahsyed
. I'm a journalist with the team that produces the Asia Business Report on BBC World. We would like to invite you on the show to discuss the debt crisis in Pakistan. Could you please follow me so I can dm you?
The US Department of Justice (DOJ) says it is considering whether to prosecute Boeing over two deadly crashes involving its 737 Max aircraft. More here👇
Apple's key supplier in China - Foxconn - says its revenues dropped more than 11% in November. That's the time when its iPhone factory in Zhengzhou saw violent protests due to covid restrictions. Here's more with
@BBCKarishma
on
@BBCWorld
#AsiaBusinessReport
Air New Zealand has abandoned a 2030 goal to cut its carbon emissions, blaming difficulties securing more efficient planes and sustainable jet fuel. The move makes it the first major carrier to back away from such a climate target. More here ⬇️
Financial markets in the US and Asia have fallen sharply as investors sell off shares in technology companies, with artificial intelligence (AI) stocks hit particularly hard. More here ⬇️