U.S. lawmakers have revised proposed legislation aimed at restricting China’s access to advanced semiconductor manufacturing equipment, scaling back some of the more expansive measures included in earlier drafts. The updated proposal reflects ongoing debates over how far export controls should go in the global technology race. The bill,......
French luxury group Kering, the owner of Gucci, has announced that it will acquire a minority stake in Shanghai-based Icicle Fashion Group as part of a new strategic partnership with its parent company, ICCF. The investment reflects Kering’s continued efforts to strengthen its presence in the Chinese luxury market, which remains one......
Global investment firm EQT AB has resumed efforts to sell the mainland China operations of contact lens manufacturer Ginko International, with a target valuation of at least $1 billion, according to sources familiar with the matter. The move comes after a previous agreement to sell the business to U.S.-based private equity firm Advent International......
The RAVE token posted one of the most extreme price moves in the crypto market this month. Its value jumped from about $0.25 to nearly $20 in less than two weeks. The gain exceeded 6,000 percent. This surge triggered a wave of forced liquidations across derivatives markets. Data shows that around $30.6 million in positions were wiped out......
Volkswagen is bracing for a potential downturn in the world’s largest auto market, with its China chief warning that passenger car sales could decline for the first time since 2018. Ralf Brandstätter said even flat sales would represent the best-case scenario for 2026, following about 24 million vehicles sold last year in China. The......
Chinese electric vehicle manufacturer BYD is deliberately avoiding a price war in South Africa as competition intensifies in Africa’s second-largest automotive market. The South African automotive sector is experiencing a rapid influx of electric vehicles, plug-in hybrids, range-extender models, and traditional hybrid cars. Many of......
The closure of the Strait of Hormuz, triggered by the war involving the United States, Iran, and Israel, was expected to drive a surge in coal use. Instead, new data shows global fossil fuel electricity generation declined in March as renewable energy absorbed the shock. Analysis from the Centre for Research on Energy and Clean Air indicates......
Unitree Robotics has begun selling its humanoid robot R1 internationally through AliExpress, offering the full model at about 8,150 dollars including import costs, with free shipping to the United States. A lighter version, the R1 AIR, is priced around 6,800 dollars. Deliveries are expected to start near the end of June, marking one of the......
Global buyers are turning to China for aluminum as supply disruptions linked to the war in Iran tighten markets in the Gulf. Analysts cited by Bloomberg expect Chinese exports to rise sharply in the coming months as production outages in the region, which accounts for about 9 percent of global aluminum output, drive prices higher and widen......
Rising fuel prices linked to the war in Iran are accelerating a global shift toward electric vehicles, driving a sharp increase in exports of clean technologies from China. Analysts say the surge in oil costs is pushing consumers across Asia and other regions to adopt electric mobility faster than expected, positioning China’s EV, battery,......
China-based Victory Giant Technology is expected to price its Hong Kong initial public offering at the top of its indicated range, reflecting strong investor demand despite global market volatility. The company plans to sell shares at HK$209.88 each, aiming to raise approximately HK$17.5 billion (about $2.2 billion). According to sources......
The war in Iran and disruptions to oil and gas flows through the Strait of Hormuz are reshaping global energy markets, with China positioned to benefit most. In a Substack post published on April 13, Paul Krugman warned that rising geopolitical tensions are pushing energy-dependent economies away from the United States and closer to China.......
ASML is set to report its first quarter 2026 results on April 15, with investors focusing on both financial performance and a major change in disclosure policy. The company said it expects quarterly revenue between 8.2 and 8.9 billion euros, with gross margins of 51 to 53 percent. Analysts estimate revenue around 10.2 billion dollars, up more......
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GITEX Africa: The New Frontiers Of African Innovation
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