Biden tightens rules on Chinese imports before leaving office
The move targets companies like Shein and Temu, which ship millions of low-value packages to U.S. customers daily
PepsiCo faces US FTC lawsuit over price discrimination allegations
The complaint claims PepsiCo provided promotional payments and other benefits to the retailer while increasing prices for competitors
US Supreme Court upholds law banning TikTok
The US Supreme Court ruled against TikTok on Friday in its challenge to a federal law that would have required the popular...
Six Chinese firms face EU complaint over data transfers
Under the EU’s General Data Protection Regulation, data transfers outside the EU are allowed only if the receiving country provides equivalent data protection
China accuses PVH Corp of improper conduct in Xinjiang
The Chinese government plans to hold discussions with PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger
Oil prices steady after reaching multi-month highs
Brent crude futures fall 23 cents to $81.80 per barrel, while U.S. West Texas Intermediate (WTI) crude futures decline 16 cents to $79.88 a barrel
Vivo and Huawei overtake Apple as top smartphone sellers in China
The 17% drop marks Apple’s largest-ever annual sales contraction in China, with declines in all four quarters, including a 25% fall in the final quarter
Tesla safety investigation to proceed, says Trump’s transportation nominee
The probe involves 2.4 million Tesla vehicles with Full Self-Driving (FSD) software after four reported crashes, including one fatal incident in 2023
Japan’s ageing problem creates barriers for business growth
A Nikkei Research survey indicates 66% of firms experience labour shortages, nearly a third see worsening trends, and 4% notice improvements
Toyota unit Hino Motors settles U.S. emissions case for $1.6 billion
The agreement includes a $521.76 million criminal fine, $442.5 million in civil penalties to U.S. agencies, and $236.5 million to California
Chinese social media app RedNote attracts 700,000 U.S. “TikTok refugees”
Unlike other Chinese platforms, RedNote does not require users to have Chinese phone numbers and operates a single unified version of its app
New Microsoft AI tool supports businesses with routine tasks
Premium features like summaries and transcriptions of Teams calls and creating PowerPoint slides require a $30/month Microsoft 365 Copilot subscription
US consumer inflation rises to 2.9% in December
WASHINGTON: US consumer inflation rose for a third straight month in December as energy prices increased, according to government data published Wednesday,...
China blacklists four US firms over Taiwan arms sales
The decision aims to safeguard China’s national sovereignty, security, and development interests, says MOFCOM
EU digital chief promises robust enforcement of social media laws
Ongoing probes are still in a technical phase, involving exchanges with companies before decisions are made, says Henna Virkkunen