Tag: Asia Economy

Tough road ahead for U.S. firms trying to cut reliance on Taiwan chipmakers

Taiwanese chipmakers are ahead of their international rivals and it will be tough for U.S. tech companies to reduce their reliance on Taiwan, said Sebastian Hou from CLSA. Tech firms like Apple, Amazon, Google as well as Qualcomm, NVIDIA and AMD rely heavily on Taiwanese contract manufacturers to produce up to 90% of their chips, […]

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India overtakes Brazil to become the second-worst hit country as Covid cases soar

A beneficiary receives a dose of Covid-19 vaccine, at HB Kanwatia Hospital in Jaipur, Rajasthan, India, on April 11, 2021. Vishal Bhatnagar | NurPhoto | Getty Images India overtook Brazil as the second worst-infected country behind the United States after data showed that Covid-19 cases continued to surge. The South Asian nation reported more than […]

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China slaps Alibaba with $2.8 billion fine in anti-monopoly probe

The front of Alibaba’s Wangjing office in Beijing on Dec. 24, 2020. Costfoto | Barcroft Media | Getty Images Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance. Regulators opened a probe into the company’s monopolistic practices in […]

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Prince Philip, husband of Britain’s Queen Elizabeth, dies at 99

LONDON — The House of Windsor has lost its patriarch. Prince Philip, the Greece-born royal who as the husband of Queen Elizabeth II was the longest-serving consort to a British sovereign, died Friday. He was 99. “His Royal Highness passed away peacefully this morning at Windsor Castle,” the royal family announced. “Further announcements will be […]

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Ahead of the Olympics, Japan’s vaccine minister says he fears a virus uptick in Tokyo

Japan is working closely with the International Olympic Committee to prepare for the Games and despite concerns about Covid-19 cases flaring, there are no plans to postpone, said Japan’s minister in charge of vaccinations. “Unless they decide otherwise, we just simply need to prepare for the Games, how to control the situation. I think it […]

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Vaccines are a national priority but not ‘silver bullets’ for reopening, Singapore minister says

SINGAPORE — Singapore needs a “suite of measures” beyond Covid vaccinations in order to open up its economy and allow international travel, said S Iswaran, the country’s minister for communications and information. Some of those measures may include testing for Covid-19, he told CNBC’s “Squawk Box Asia” on Tuesday, as part of World Economic Forum Global […]

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AstraZeneca Covid vaccine will be Thailand’s ‘principal’ shot, says health minister

The coronavirus shot developed by AstraZeneca and the University of Oxford will be Thailand’s “principal vaccine” as the country seeks to revive its crucial tourism sector, the Thai public health minister told CNBC on Monday.   Renewed safety concerns around the AstraZeneca-Oxford shot led countries including Germany and the Netherlands to halt the use of […]

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Here’s what it costs to work remotely in 4 global hotspots

Google may be calling people back into the office, but many other companies — not to mention entrepreneurs — are still committed to remote work. From Croatia to Barbados, destinations provide vastly different experiences for foreigners who wish to work from new shores. The weather is usually better (save hurricanes), and costs can be cheaper […]

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Huawei’s growth slowed dramatically in 2020 as U.S. sanctions take their toll

The logo of Chinese company Huawei at its main U.K. offices on January 28, 2020. Daniel Leal-Olivas | AFP via Getty Images GUANGZHOU, China — Huawei’s revenue growth slowed dramatically last year as the impact of U.S. sanctions and the economic fallout from the coronavirus weighed on the Chinese technology giant. Revenue for 2020 totaled […]

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Cheniere and Shell oil tankers change course to avoid Suez Canal as ships divert routes

A dredger attempts to free stranded container ship Ever Given, one of the world’s largest container ships, after it ran aground, in Suez Canal, Egypt March 26, 2021. Suez Canal Authority | Reuters Companies are scrambling to reroute shipping vessels to avoid the logjam at the Suez Canal, including at least two U.S. ships carrying […]

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