This is who lit the match in the Middle East

euronews.com Through no fault of their own, Saudi Arabia and Israel find themselves at the nexus of the main geo-political rivalry of the 21st century, Terry Newman writes. As the world…

Screenshots suggest TikTok is circumventing Apple App Store commissions

techcrunch.com TikTok may be routing around the App Store to save money on commissions. According to new findings, the ByteDance-owned social video app is presenting some of its users with…

When It Comes to TikTok, the World’s Democracies Have Played the Sucker for Far Too Long

nytimes.com China’s violations of human rights and the basic norms of internet freedom are blatant and obvious. This month, with little fanfare, the country ordered Apple to block…

Musk’s ‘absolutely hardcore’ Tesla layoffs could hurt EVs everywhere

semafor.com Semafor Signals Supported by Insights from Elektrek, Ars Technica, and The Verge The News Tesla is eliminating most employees on the electric vehicle company’s Policy and…

Noel Quinn’s exit seems respectable but big uncertainties about HSBC remain

theguardian.com Chief executives at HSBC, like those at Barclays, have had a habit in recent years of leaving in dramatic circumstances. The last one, John Flint, was ousted by a…

Xpeng CEO welcomes Tesla Full Self-Driving (FSD) to China

teslarati.com China’s electric vehicle sector may be extremely competitive, but it seems that even rivals can be excited for the arrival of new technologies in the market. This was…

Tesla lays off more workers, two senior executives out: Report

foxbusiness.com Tesla is reportedly cutting additional jobs and two more top executives are gone after the electric vehicle giant slashed its workforce by 10% earlier this month. The…

Tesla's plans to launch full self-driving tech in China could add $2 billion in earnings by 2030 and boost its stock

aol.com None Tesla's roll out of full-self driving technology in China could earn it over $2 billion by 2030, Bank of America said. • None But rising competition in the country…

Social networks have too much political influence, Americans tell researchers

aol.com More than three-quarters of American adults—78%, up from 72% four years ago—think social media companies have too much power and influence in politics, the latest Pew…

Huawei’s Comeback Continues as Quarterly Profit Leaps 564%

asiafinancial.com Resurgent Chinese tech giant Huawei saw its net profit surge by 564% in the first quarter of the year, as the sanction-hit firm continues its renaissance. Huawei…

How much should TikTok fear a resurgent Donald Trump?

economist.com Unlike war correspondents, business columnists do not risk their lives to bring stories to light. But they do occasionally make sacrifices on behalf of their readers.…

China enlists Tencent, Weibo and Douyin to protect state secrets

asia.nikkei.com BEIJING -- China on Wednesday implemented a revised State Secrets Law, requiring internet companies such as Tencent and Weibo to delete leaked information and cooperate with…

China Hosts Hamas & Palestinian Authority For Rare Talks

zerohedge.com China Hosts Hamas & Palestinian Authority For Rare Talks Via The Cradle Representatives of Hamas and the Palestinian Authority’s (PA) Fatah party met recently in Beijing and…

Higher-paid employees looking for work are having a tough time, and it could be a sign of a shift in the workplace

businessinsider.com Nuthawut Somsuk/Getty This post originally appeared in the Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Hey there! Leave it to the…

Did China humiliate Antony Blinken? Experts weigh in

newsweek.com After Secretary of State Antony Blinken wrapped his visit to China on Friday, discussions started to circulate on social media alleging the country had snubbed America's top…

China Cities Miss Air Quality Goals as Economy ‘Prioritised’

asiafinancial.com A host of Chinese cities have fallen short of air quality improvement targets, with researchers putting the blame on Beijing’s push to turn its economy around. China…

TSLA Stock Alert: Another Round of Tesla Layoffs Slashes Supercharger Team

investorplace.com Tesla is enacting more layoffs on the heels of a big Chinese FSD deal Tesla (NASDAQ: ) CEO Elon Musk has undertaken another round of layoffs at the electric vehicle (EV)…

Musk lays off Tesla senior executives in fresh job cuts, The Information reports

cnbc.com Tesla and SpaceX's CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023. Elon Musk has dismissed two Tesla…

Chinese scientist who first published COVID sequence stages protest after being locked out of lab

pbs.org The first scientist to publish a sequence of the COVID-19 virus in China staged a sit-in protest outside his lab after authorities locked him out of the facility — a sign of…

CMGE Turns Its Game To e-Sports With New Tie-Up

benzinga.com CMGE said it has formed a partnership with Guangzhou Chaojing Investment aimed at tapping the latter’s strong position in e-sports • CMGE’s shares rose 3.2% on the news and…

Saudi Arabia is desperately trying to convince everyone that Neom megaproject is going just fine

aol.com None Saudi Arabia insists its Neom megacity project is on track. • None The Saudi economy minister told CNBC there was "no change in scale" for the project. • None The…

Tencent Partners With Mercedes-Benz and Electronic Arts, To Bring New 'Need for Speed™' Mobile To The Chinese Market

benzinga.com The game will offer 100 million square meters of open world with 500 different play points, accessible via Bluetooth gaming controller for an immersive in-car gaming…

China’s No 2 short video app operator Kuaishou shuts down gaming project in Beijing in restructuring move

scmp.com The pullback by Kuaishou reflects stagnating growth in the domestic video gaming sector, which has seen a wave of cost-cutting and lay-offs amid economic headwinds and…

China-Philippines tensions grow in South China Sea

semafor.com Semafor Signals Supported by Insights from The Washington Post, Foreign Policy, and The Wall Street Journal The News The Philippines accused China of damaging one of its…

China to step up support for economy, flexibly use policy tools, Politburo says

theglobeandmail.com China will step up support for the economy with prudent monetary and pro-active fiscal policies, including interest rates and bank reserve requirement ratios (RRR), the…

China Eyes Smart EV Revolution With Tesla’s ‘Full Self-Driving’

asiafinancial.com A potential green-light for Tesla to roll-out its “Full Self-Driving” system in China may have Beijing’s own interests at heart — specifically to trigger a battle to pioneer…

China says rival Palestinian factions express ‘political will’ to reconcile

ft.com Hamas and Fatah meet in Beijing to try to work out differences as international pressure grows for end to war in Gaza

Global Mofy Metaverse and Heartdub Leverage NVIDIA Omniverse to develop Generative Video AI Platform GAUSSPEED

benzinga.com BEIJING, April 30, 2024 (GLOBE NEWSWIRE) -- Global Mofy Metaverse Limited (the "Company" or "Global Mofy Metaverse") GMM, a technology solutions provider engaged in virtual…

HSBC chief executive Noel Quinn, architect of sweeping overhaul, announces surprise departure

theglobeandmail.com HSBC chief executive Noel Quinn said on Tuesday that he plans to step down, marking the surprise departure of a hard-nosed leader who has overseen a raft of asset sales,…

Huawei's quarterly profit surges as comeback gathers pace

aol.com Huawei Technologies's net profit leapt 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, a regulatory filing by its parent company showed on Tuesday, as it…

Elon Musk reportedly dismisses two senior Tesla executives, plans to lay off hundreds more employees

theglobeandmail.com Elon Musk has dismissed two Tesla TSLA-Q senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The…

Alibaba Stock Analysis: Why BABA Is a China Bet That Requires Nerves of Steel

investorplace.com Beijing's tech crackdown could weigh on Alibaba stock for many years If any company reflects the state of China’s economy, it would be e-commerce and cloud-computing firm…

Speculative Standouts: 7 ‘Strong Buy’ Stocks to Snag for Under $20

investorplace.com Wagers endorsed by the experts While speculative ideas are inherently treacherous, if you are going to take the risk, you might as well do so with strong buy stocks for…

Iraqi army displays new military drone bought from China

newsweek.com Iraq's military has showcased a newly acquired China-made CH-5 military drone during an exhibition in Baghdad. Jean-Loup Samaan, Senior Research Fellow at the Middle East…

5 Reasons to Buy This ‘Magnificent Seven’ Stock Right Now

247wallst.com As one of the Magnificent Seven stocks, Tesla (Nasdaq: TSLA) has never looked better. With a market cap of $536.7 billion, Tesla is more than just an EV maker. The company…

Map shows where North Korea has placed land mines in demilitarized zone

newsweek.com North Korea has mined border crossings on its side of the demilitarized zone, the South's military said this week, in another sign of increasing tensions between the old…

Hong Kong SMEs’ second-quarter business confidence shaky as consumer spending remains a concern

scmp.com The Standard Chartered Hong Kong SME Leading Business Index for the second quarter rose 3.6 points to 47.3 from the previous quarter, nearly the same as the fourth quarter…

US ally reports confrontation with Chinese coast guard

newsweek.com Chinese coast guard vessels have fired their water cannons against a routine Philippine patrol, further ratcheting up tensions between Beijing and the U.S. defense treaty…

String of Conveniently Timed Spying Cases in Germany Influence EU Elections, Undermine Chancellor’s China Efforts, and Spread Fear of Russian Fifth Column

nakedcapitalism.com Alleged spies for Russia and China and misinformation efforts directed from Moscow are now being uncovered weekly in Germany. Two of the cases involve the Alternative for…

$3.5 Billion Slipped Into Ukraine-Israel Aid Bill To 'Supercharge Mass Migration From The Middle East'

zerohedge.com $3.5 Billion Slipped Into Ukraine-Israel Aid Bill To 'Supercharge Mass Migration From The Middle East' Tucked away in the $95 billion military aid package for Ukraine,…

Hong Kong stocks are back from the dead. Here’s why

aol.com Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong’s…

Musk's visit to China was a much-needed win for both sides

aol.com None Elon Musk just made a quick trip to China, where he met with senior officials and struck a deal. • None The Beijing visit comes as trade tensions have ratcheted up…

China’s $170bn gold rush triggers Taiwan invasion fears

finance.yahoo.com China has built up a $170bn (£135bn) stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict…

US is losing its 'soft power' edge to China in Africa

semafor.com The News Washington’s influence on the African continent is waning — and it is being edged out by Beijing, new polling from Gallup shows. The US and China are racing to…

China may be preparing to deploy economic 'nuclear option'

newsweek.com China has been buying up commodities at a rapid clip, prompting analysts to wonder out loud whether Beijing is preparing to choose the economic "nuclear option." "China is…

Chinese developers Poly, Longfor, CIFI report mixed results as forlorn property market awaits buyer-confidence rebound

scmp.com State-owned Poly Property reported a nearly 77 per cent year-on-year jump in profit attributable to shareholders to 1.45 billion yuan (US$199.5 million), according to the…

'Tesla Has The Endorsement' Of Xi Jinping's Government: This Is What 'Serious' Elon Musk Showed To Investors In China, Says Expert

benzinga.com Tim Higgins, author of “Power Play: Tesla, Elon Musk, and the Bet of the Century,” recently highlighted the seriousness of Tesla TSLA CEO Elon Musk as a key factor in…

Hong Kong bitcoin, ether ETFs see mild gains on first day of trading as city looks to bolster virtual asset market

scmp.com A personalised news feed of stories that matter to you Get more with my NEWS Hong Kong bitcoin, ether ETFs see mild gains on first day of trading as city looks to bolster…

China may have to brace for a new wave of bond defaults, S&P says

cnbc.com BEIJING — China's state-directed economy may be creating the conditions for a new wave of bond defaults that could come as soon as next year, according to an S&P Global…

China’s Factory, Services Activity Cools in April Amid Slowdown

asiafinancial.com Economic momentum appears to have slowed in China, with official surveys finding a slower pace of manufacturing and services activity in April. After a solid first quarter,…

China's Gen Z turns frugal as economy doubts linger

asia.nikkei.com SHANGHAI/NEW YORK -- At 24 years old, Zhang Ru is not a target customer of the Shanghai community dining hall where she has become a regular. Clean and brightly lit, the…

Young people's unemployment rate sees slight rise

chinadaily.com.cn Young people's unemployment rate saw a slight rise in March and senior officials called for more support to help the large number of college graduates entering the market to…

As China’s economy falters, so does middle-class confidence

nbcnews.com BEIJING — At a restaurant in the Chinese capital that serves up low-cost meals to seniors, much of the crowd these days is decidedly less than senior. For Wang Ran, a…

China Retail Sales, Industrial Production Slow In March: Official Data

barrons.com Retail sales and industrial production in China slowed in March, Beijing's National Bureau of Statistics said Tuesday, as the country navigates an uneven economic recovery.…

China fires water cannons at Philippine ships in South China Sea

asia.nikkei.com WEST PHILIPPINE SEA -- Tensions flared in the South China Sea on Tuesday as Beijing disrupted a humanitarian mission by Manila. Beijing's maritime presence, led by four…

China Coast Guard attacks Philippine ships in South China Sea

asia.nikkei.com WEST PHILIPPINE SEA -- Tensions flared in the South China Sea on Tuesday as Beijing disrupted a humanitarian mission by Manila. Beijing's maritime presence, led by four…

Beijing cleared Tesla to roll out its advanced driver-assistance service in China as Musk seeks to expand the use of the technology globally

wsj.com Beijing cleared Tesla to roll out its advanced driver-assistance service in China as Musk seeks to expand the use of the technology globally.

TikTok and Tesla just the start of U.S.-China clash over Big Data

japantimes.co.jp The U.S. push to ban TikTok marks a new phase in its approach to data security that could eventually impact everything from electric vehicles to health care, reshaping trade…