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Business

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Closing of SVB Bank causes fall in deposits in small US banks

NEW YORK CITY, New York: Deposits at small U.S. banks throughout the country dropped the most since 2007 after the ...

Ford EVs will lose $3 billion pretax in 2023, says officials

DETROIT, Michigan: In a briefing for investors and analysts this week, Ford Motor Co. reported that while its electric vehicle ...

Hundreds of workers to be fired at Walmart's US fulfillment centers

BENTON, Arkansas: Reuters reported that due to a reduction or elimination in evening and weekend shifts, Walmart will lay off ...

Russian car buyers slowly learning to buy Chinese cars

MOSCOW, Russia: As western automakers have left Russia since the start of the Ukraine war, the Chinese have rushed in ...

Tottering Virgin space business receives $200 million from investor

LONDON, England: Reuters has reported that struggling Virgin Orbit, owned by billionaire Richard Branson, is nearing a $200-million investment deal ...

EV charger plants slowing down due to 'Made In America' rules

NEW YORK CITY, New York: To comply with the requirements of the "Made in America" laws, a $7.5 billion federal ...

China

Section
Focus on Chinese abuse of Uyghurs by US House

WASHINGTON D.C.: A new US Congressional committee focusing on China held its second hearing on the alleged abuses of the ...

Russian car buyers slowly learning to buy Chinese cars

MOSCOW, Russia: As western automakers have left Russia since the start of the Ukraine war, the Chinese have rushed in ...

Following Chinese aggression, four US bases coming to Philippines

MANILA, Philippines: Under a defense agreement with the U.S., four new military bases will be located in various parts of ...

U.S. says businesses receiving federal funds cannot work with China

WASHINGTON D.C.: The US Commerce Department has proposed new laws aimed at preventing China and other countries deemed of concern ...

Seeking to reduce tensions, ex-Taiwan PM Ma Ying-jeou to visit China

TAIPEI, Taiwan: In an effort to ease tensions between Taiwan and China, former Taiwanese President Ma Ying-jeou will visit Beijing ...

Media reports nine Chinese killed at Africa mine

BANGUI, Central African Republic: Authorities from the Central African Republic have said that nine Chinese nationals were killed and two ...