China and the United States (US) may have laid down their arms for now in a trade truce, but their technological rivalry is still raging, raising the spectre of a high tech cold war.The coming battle played out this week in the corridors of the World Economic Forum (WEF) in Davos, where Chinese executives rubbed shoulders with Silicon Valley supremos, and US diplomats lobbied hard to keep companies from embracing Made in China for their tech revolution.At the centre of this cold war 2.0 is Hu
Just when a trade agreement between the United States (US) and China appeared to be in sight, negotiators found themselves back at square one. The immediate reason for the disruption was China’s insistence on a substantially rewritten draft agreement, which, according to US President Donald Trump’s administration, reneges on previously agreed terms.
China on Saturday increased tariffs on billions worth of United States (US) goods as it prepares to unveil a blacklist of "unreliable" foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.Beijing's move hits US$60 billion worth of US goods with new punitive tariffs ranging from five to 25 percent, and comes in retaliation for Washington raising duty on US$200 billion in Chinese goods to 25 percent.Washington and B
There is little doubt about it, the fifth-generation cellular network frequency (5G) is in our near future. The recent ruckus surrounding the United States (US) and China-based multinational company Huawei should only serve to remind us of how inevitable that fact really is.While the reception for 5G has largely been welcoming, the technology does not come without its own set of complications.
The United States (US) has hit China where it hurts by going after its telecom champion Huawei, but Beijing's control of the global supply of rare earths used in smartphones and electric cars gives it a powerful weapon in their escalating tech war.A seemingly routine visit by President Xi Jinping to a Chinese rare earths company this week is being widely read as an obvious threat that Beijing is standing ready for action."We should firmly grasp the strategic basis of technological i
The United States (US) crackdown on Huawei has made the Chinese telecommunications giant the flashpoint in a monumental economic and technological showdown between the two superpowers that is testing allies of both.One day after the US moved to block Huawei from the US market and banned the export of US technology and materials to the company, China warned Washington on Thursday against further harming trade ties.At the same time, Beijing formally arrested two Canadians who have been detained
United States (US) Secretary of State Mike Pompeo on Friday vowed to defend the Philippines against "armed attack" in the disputed South China Sea, in Washington's starkest warning yet against Chinese claims to most of the strategic waterway.Speaking in Manila after meeting with Philippine President Rodrigo Duterte, Pompeo said Beijing's actions in waters also claimed by the Southeast Asian nation and other neighbours were a threat."China's island-building and mi
On 19 November, Carlos Ghosn, the board chair and former CEO of Nissan, was arrested at Tokyo’s Haneda Airport on suspicion of under-reporting income and misusing corporate funds for personal purposes; he remains in custody.
Huawei said Saturday it has fired a Chinese employee who was arrested in Poland on espionage allegations, as China's telecom giant distanced itself from the case amid Western concerns that it could act as a proxy for Chinese security services.This week's detention of Wang Weijing follows the December arrest of Huawei's chief financial officer (CFO) in Canada and United States (US) efforts to blacklist the company internationally over security concerns.While China's governm
Apple cut its revenue outlook for the latest quarter Wednesday, citing steeper-than-expected "economic deceleration" in China and emerging markets.The rare revenue warnings from Apple suggested weaker-than-anticipated sales of iPhones and other gadgetry, in part because of trade frictions between Washington and Beijing.Apple shares slid some 7.6 percent in after-hours trade on the news.The company slashed its revenue guidance for the first fiscal quarter of 2019, ended 29 December,