The Panama Maritime Authority (AMP) has taken possession of two ports on Panama Canal, after Hong Kong-based CK Hutchinson’s contracts were ruled invalid, reports Reuters. Logistics company Maersk and the Mediterranean Shipping Company will take over operations temporarily. The government said it approved two temporary concession contracts with AMP, lasting up to 18 months, for the […]
Category: Law & Regulation
A senior official in the White House was cited in a Reuters exclusive as saying that China’s DeepSeek has trained AI models on Nvidia’s Blackwell chips—the company’s most advanced. If this were true, Reuters said, it would constitute a violation of current US export controls. It gave no details about how the chips were allegedly […]
Chinese state-owned companies are buying foreclosed property projects, reports Reuters. The move is a sign that government efforts to reduce massive oversupply in the crisis-hit housing sector are finally getting traction, albeit at a slow pace. Analysts say the involvement of state firms may cushion the pace of further home price falls and ease the drag […]
China will impose anti-subsidy duties on certain dairy imports from the European Union for five years, reports Caixin. This comes after the Ministry of Commerce (MOC) concluded that government support had harmed the domestic industry. The MOC said Thursday that the final ruling covers products including cheese and fresh cream and will take effect Friday. The […]
The European Union has increased tariffs on imports of ceramic plates, cups, bowls and other table and kitchenware from China after a review of anti-dumping measures in place since 2013, reports Reuters. The 27-nation bloc will apply a blanket 79% duty on the products, replacing previous duties that had ranged from 13.1% to 36.1%, a filing […]