In a big move this week, the EU took a stand against China by imposing tariffs on Chinese electric vehicle (EV) manufacturers. These tariffs, ranging from 17% to 35. 3%, were put in place after talks between the EU and China broke down. The tariffs are meant to tackle the heavy subsidies that the Ch
US-based drone maker Skydio has found itself in a tricky situation. Last month, China decided to sanction the company. Why? Because Skydio sold its drones to Taiwan’s national fire service. This news came from Skydio’s CEO, Adam Bry, in a blog post. Before the sanctions, Skydio mostly got its batte
Former President Donald Trump recently stirred up a debate by suggesting that Taiwan should pay the U. S. for protection against China. China, which sees Taiwan as its territory, warned that the U. S. could abandon Taiwan at any time. Taiwan is a key player in the semiconductor industry, a sector vi
Air Canada is amping up its flight frequency to China, with new daily flights to Beijing and Shanghai. The airline is making a comeback with daily trips from Vancouver to Beijing, starting January 15. Plus, Shanghai will see daily flights from Vancouver starting December 7. This is a big deal since
Investors in the Asia-Pacific region are keeping a close eye on a couple of big events today. First up is the Bank of Japan's (BOJ) rate decision. Experts think the BOJ will keep rates steady at 0. 25%, but everyone will be scrutinizing the statement for any hints about the next rate hike. Meanwhile
In a surprising turnaround, China’s factory activity expanded for the first time in six months – jumping to 50. 1 in October. This is a promising sign after months of contraction, with September clocking in at 49. 8. Economists had expected a slight improvement, predicting 49. 9. But the actual resu
Chinese automakers are being advised to press the brakes on major investments in European countries that have backed new tariffs on Chinese electric vehicles (EVs). This decision comes as a response to the European Union's (EU) recent imposition of tariffs, which can reach up to 45. 3%, following a
For the first time ever, Chinese electric vehicle (EV) giant BYD has outshone its American rival, Tesla, in quarterly sales. According to a recent report, BYD's revenue for the three months ending Sept. 30 hit 201. 12 billion yuan ($28. 24 billion), a 24% increase from the previous year. This is a s
Last week at the BRICS meeting, India and China agreed to withdraw troops from two points in Ladakh. Some call this historic, but not everyone is so optimistic. This deal doesn't resolve their territorial disagreements in Ladakh and other areas. China claims parts of India, like Arunachal Pradesh. O
China has hit back hard at the U. S. , accusing it of double standards when it comes to spying. The rebuke came after the CIA tried to hire Chinese informants. Chinese Foreign Ministry spokesperson Lin Jian spoke about this at a recent press briefing. He was responding to a report in the Wall Street
