The extent to which Europe can import enough gas next winter largely depends on developments in China. CEO said this in an explanation of the quarterly figures. But, at the same time, he warned that it is still totally unpredictable how secure the energy supply to European countries will be. […]
China
The company can present a small increase in turnover but sees its profit decrease despite one-off windfalls. The Chinese supplier Huawei posted a turnover of 642.3 billion Yuan last year. That is an increase of 0.9 percent. However, net profit fell 68.7 percent to EUR 4.75 billion (CNY 35.6 billion), […]
Chinese technology group Huawei has had to replace thousands of product parts as US sanctions hit them. Company founder Ren Zhengfei admitted this during a speech in February, the transcript of which was published by a Chinese university on Friday. Huawei, a major equipment supplier for 5G telecommunications networks, has […]
The US government has informed Chinese company ByteDance that if it does not sell TikTok, the popular app may be banned in the United States. Several American newspapers reported this, and the company confirmed the news. The app is seen as a threat by some policymakers in Western countries because […]
China has pledged to invest $1.9 billion in Yangtze Memory Technologies, the country’s largest maker of memory chips. This is reported by the Bloomberg news agency based on data from a Chinese government website. The investment size suggests that Beijing supports the country’s beleaguered chip sector. Chinese chip companies are […]
Despite international scepticism, the Kremlin has welcomed China’s position to end the war in Ukraine. “Any efforts to develop plans that help put the conflict on a peaceful track deserve attention,” Kremlin spokesman Dmitry Peskov told Russia’s Interfax news agency. “With the same attention, we also treat the plan of […]
Chinese President Xi Jinping will visit Moscow “sometime in the coming months” for talks with Russian President Vladimir Putin. The Wall Street Journal reports this. The meeting between the two leaders is said to be part of an effort to initiate peace talks over Ukraine. However, preparations for the summit […]
After the first European data centre, TikTok will use two other data centres on European soil—in an attempt to address the EU’s data concerns. The Chinese TikTok is extremely popular in Europe, with more than 150 million monthly users. But it concerns a Chinese company where it is not always […]
KLM will expand the number of flights to China from 26 March. The reason for this is the lifting of travel restrictions by the Chinese government, the airline announced. “KLM will fly non-stop from Amsterdam to Hong Kong three times a week. We will start with six non-stop flights a […]
The top man of the popular Chinese app TikTok, Shou Zi Chew, will meet several European Commissioners in Brussels on Tuesday at his own request. The company must prepare for the new European regulations on disinformation. Among others, Chew will see Competition Commissioner Margrethe Vestager, and also her colleagues Vera […]
