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US blacklists seven Chinese supercomputer groups

The US has blacklisted seven Chinese groups it accuses of building supercomputers to help its military. It is the first move by the Biden administration...

World Bank warns against ‘high’ global tax minimum

The head of the World Bank has warned world leaders against setting a global minimum tax rate for companies that is too high. In an...

Toshiba confirms $20bn takeover bid from British fund

Japanese conglomerate Toshiba has received a buyout offer from a British private equity fund in a deal that could be worth about $20bn (£14.5bn). The...

Janet Yellen pledges greater US international co-operation

US Treasury Secretary Janet Yellen has signalled a stronger engagement on issues from climate change to human rights to tax evasion, pledging to restore...

LG scraps its smartphone business as losses mount

LG Electronics said on Monday it would close down its loss-making smartphone business. In January, the South Korean electronics giant said it was looking at...

Stock markets hit new records on Biden spending plan

Asian markets rose on Friday following a record-breaking session on Wall Street. The S&P 500 broke the 4000-point barrier for the first time, while the...

Ethiopia repurposes textile factories to manufacture quality PPE

Ethiopia has created the capacity to produce more than 60 million pieces of international-standard personal protective equipment (PPE) per month following government efforts to...

Covid vaccine manufacturers should work with poorer countries, says WTO chief

Pharmaceutical firms manufacturing the Covid-19 vaccine should make enough for everyone in the world or voluntarily hand their technology to developing countries, says the...

Xiaomi to invest $10bn in electric vehicle race

Chinese phone maker Xiaomi is wading into electric vehicles with a $10bn (£7.3bn) investment over ten years. The Chinese tech giant's goal is to "offer...

US to seize Top Glove products over labour abuses

US Customs and Border Protection (CBP) has ordered the seizure of disposable gloves made by Malaysia's Top Glove. The order said CBP had sufficient information...
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