When it comes to information technology (IT), the “whether and why” discussion about cloud use is pretty much over. As noted in some recent analysis from Accenture, “The last two years have laid bare the power and agility of cloud… and a new understanding that cloud at scale is essential for operations maturity, and ultimately, … Read more
India accused Xiaomi of breaching the country’s foreign-exchange laws and seized ($ 726mn), in the latest clash with a Chinese company. India accused Xiaomi Corp. of breaching the country’s foreign-exchange laws and seized 55.51 billion rupees ($ 726 million) from a local unit of the smartphone maker, in India’s latest clash with a Chinese company … Read more
Amazon, Apple, Meta and Google-parent Alphabet released figures for the first quarter of this year that showed they are not impervious to turbulence roiling global markets. Tech giants that saw good times during the pandemic are dealing with a “hangover” compounded by inflation and the war in Ukraine, analysts have said after earnings released this … Read more
The AWS booth is seen during a services expo in Beijing in September. [Photo provided to China Daily] Digital solutions seen as key in transformation and overseas expansion An increasing number of Chinese companies in traditional industries are leveraging digital technologies to transform and upgrade their global business, as cloud computing is playing an increasingly … Read more
Elon Musk’s $ 44bn bid to buy Twitter puts the world’s richest man in the crosshairs of censorship-prone governments such as China and India, raising questions about how the Tesla CEO might respond to demands to stifle dissent in countries where he does business. For Musk, with his various assets ranging from SpaceX to his … Read more
Companies from Microsoft to Texas Instruments that long benefited from supply chains that run through China are now paying a price for China leader Xi Jinping enforced Covid lockdowns. Companies from Microsoft Corp. to Texas Instruments Inc. that long benefited from supply chains that run through China are now paying a price for the country’s … Read more
A massive buyback may not be enough for Apple Inc. investors amid the worst month for big tech since the global financial crisis. A massive buyback may not be enough for Apple Inc. investors amid the worst month for big tech since the global financial crisis. The market’s reaction to Alphabet Inc.’s report shows it … Read more
Chinese port activity fell below levels seen during the first coronavirus outbreak in 2020, satellite data show, suggesting official economic figures will likely worsen as Covid-19 lockdowns spread. Chinese port activity fell below levels seen during the first coronavirus outbreak in 2020 and construction has plummeted, satellite data show, suggesting official economic figures will likely … Read more
The Dow Jones Industrial Average cut a nearly 500-point intraday loss Monday as technology names like Microsoft rallied amid falling interest rates. The blue-chip average rose 238.06 points, or 0.7%, to 34,049.46. The index was down as much as 488 points earlier in the session. The S&P 500 ticked up 0.6% to 4,296.12. The tech-heavy … Read more
Foxconn’s plant in central China, its biggest assembler of iPhones for Apple Inc., continues to operate amid a government Covid lockdown of the area. Foxconn Technology Group’s plant in central China, its biggest assembler of iPhones for Apple Inc., continues to operate amid a government Covid lockdown of the area, in line with authorities concession … Read more