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The Dutch government has taken control of chipmaker Nexperia, citing serious governance failures and risks to national security. The company is owned by Chinese firm Wingtech. Officials invoked the Goods Availability Act, a rarely used law, to intervene and block management decisions considered harmful. The takeover allows government oversight without halting routine operations. A Dutch…
The U.S. dollar strengthened Tuesday as investor fears of a renewed U.S.–China trade conflict receded. Safe-haven currencies like the yen and Swiss franc gained ground. Australia’s dollar fell about 1%, reacting to China’s economic ties. Earlier threats of 100% tariffs on Chinese goods had unsettled markets. But muted responses and de-escalatory signals helped bring relief….
China and Iceland have agreed to expand their collaboration on geothermal and green energy development, marking a new milestone in their environmental partnership. According to a joint statement released by Chinese state media, both nations will work closely at governmental and industry levels to advance clean energy innovation. The agreement focuses on reducing greenhouse gas…
The Dutch government has taken control of Nexperia, a Chinese-owned semiconductor company, citing national security and governance concerns. The move marks one of Europe’s strongest interventions yet in the tech sector amid rising tensions with China. Authorities used the Goods Availability Act, a law that allows intervention in companies producing essential goods. This gives officials…
China is gearing up new export and licensing controls on advanced technologies, particularly semiconductors, AI chips, and communications gear, amid intensifying geopolitical competition and U.S. efforts to curb China’s access to cutting-edge tech. The revised rules aim to limit foreign access to Chinese technology and protect domestic firms from being overrun by global competitors. The…
Beijing / Global Shipping — China announced it will levy intensive port fees on vessels built, owned, or flagged by the U.S. — or where U.S. investors hold 25% or more — in retaliation for America’s tariffs and port levies, escalating maritime tensions in the trade war. Under the plan, fees will begin at 400…
Beijing has warned it will take “resolute countermeasures” if U.S. President Donald Trump proceeds with his plan to impose a 100% tariff on Chinese imports, escalating tensions just weeks ahead of a potential Trump–Xi meeting in South Korea. China’s Ministry of Commerce called Washington’s tariff threats “unilateral and misguided,” urging the U.S. to “promptly correct…
Singapore police are investigating Megaspeed, a customer of Nvidia, for allegedly helping Chinese firms evade U.S. chip export restrictions. The probe, confirmed by the Singapore Police Force, runs parallel to a U.S. Commerce Department investigation into similar allegations, raising questions over Nvidia’s oversight of its global supply chain. “NVIDIA visited multiple Megaspeed sites and confirmed…
U.S. President Donald Trump has announced plans to impose an additional 100% tariff on all imports from China starting next month, intensifying an already fragile trade relationship between the world’s two largest economies. In a series of social media posts, Trump also said his administration would place export controls on critical software, accusing Beijing of…
MACAO — NBA Commissioner Adam Silver said Friday that the WNBA could soon play games in China, signaling the league’s next step in expanding its global basketball presence. Speaking exclusively with CNBC from courtside at the first of two NBA preseason games in Macao, Silver said discussions are already underway. “We have to get through…
