China added MP Materials and USA Rare Earth, as well as eight other US entities it said are linked to the US military to its export control list, reports Reuters. This comes in shortly after Washington placed several Chinese companies under restrictions this month. Aveox, a motor manufacturer for mission-critical applications, was also among those placed on […]
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The European Commission plans to impose countervailing duties on Chinese hybrid cars, reports Reuters, citing inside sources who spoke to German newspaper Handelsblatt. Three people involved in discussions told the newspaper that preparations had been made for the European Commission to impose tariffs as soon as a majority of EU member states give their approval. Handelsblatt said the […]
Iran briefly allowed several Chinese-owned cargo ships through the Strait of Hormuz late Saturday, reports Caixin. This came after some South Korean and Saudi-linked tankers defied Tehran’s closure order and pushed through on routes closer to Oman. The passage offered a fresh sign that the strait, a choke point for global energy shipments, could reopen intermittently […]
Apple supplier Lingyi iTech is looking beyond smartphones, seeking to raise up to HK$8.3 billion ($1.1 billion) in a Hong Kong IPO, reports the South China Morning Post. The move seeks to fund an ambitious expansion into artificial intelligence hardware and humanoid robotics. The Shenzhen-listed electronic components maker is expected to debut on the Hong Kong stock […]
Japan’s cabinet on June 19 formally approved raising foreign-visitor visa fees to five times their current levels, reports Caixin. The fee for a single-entry visa will rise to 15,000 yen ($93), from 3,000 yen. The fee for a multiple-entry visa will increase to 30,000 yen, from 6,000 yen. The visa-fee increase mainly affects countries and regions […]