Li Shufu, founder and chairman of Zhejiang Geely Holding Group.auto Reuters BEIJING (Reuters) – Chinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad to upgrade the Malaysia carmaker’s line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in China and other international markets. In order to take Proton beyond Malaysia, Zhejiang Geely Holding Group said in a statement on Saturday (Aug 18) it will allow Proton to tap its green-car technology, as well as basic vehicle platform technologies which Geely has developed jointly with its wholly owned unit Volvo Cars of Sweden. Using Geely’s technology, the Malaysian firm wants to make and sell upgraded Proton cars in international markets, starting with China but also in other markets such as Indonesia, according to a person familiar with the matter. The person declined to be identified because he was not authorized to … [Read more...] about China’s Geely in deal to let Malaysia’s Proton tap new-energy, other vehicle tech in global push
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There’s been so much going on in recent weeks that it’s hard to remember that the biggest story in the world is the rapid rise of China. Yes, it’s fascinating to see what’s happening with the Trump-Kim Summit in Singapore, or at the Trump vs. Trudeau Smackdown in Canada, or to peek into the the bottomless Swampathon of Washington, DC. Yet still, while it’s not always atop the headlines, the most consequential story of the age is the rise and rise of the People’s Republic. And perhaps the fate of a city in Brazil serves as a parable as to what could be looming for our American republic. Virgil will get to that scary parable in a moment, but first, let’s consider the latest news. An Artful Deal with China—But Artful for Whom? On June 12, China’s telecom giant ZTE announced it is resuming business operations, after having been staved off some U.S. sanctions that could have shut it down completely. A bipartisan … [Read more...] about Virgil: A Lesson from Brazil on What Could Happen if We Lose the Trade War with China
Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Business A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, May 14, 2018. Asian shares were mostly higher Monday, with Hong Kong shares surging after President Donald Trump said he wanted to help a sanctioned Chinese tech giant, signaling a possible improvement in U.S.-China relations. (Vincent Yu/Associated Press) by Kelvin Chan | AP by Kelvin Chan | AP May 14 at 7:18 AM HONG KONG — World stocks were mixed Monday after U.S. President Donald Trump softened his tone on trade, saying he would seek a way to keep Chinese technology … [Read more...] about Global stocks mixed as Trump softens tone on trade
Just two weeks ago, Broadcom Chief Executive Hock Tan had Qualcomm hooked.He was poised to reel in his biggest prize in a long string of trophy acquisitions of technology companies. In early voting, a significant number of Qualcomm shareholders reportedly cast ballots supporting Tan’s candidates for Qualcomm board of directors, which would pave the way for a hostile takeover.Then in an instant, Qualcomm escaped – thanks to a last-minute rescue by the Trump administration. Last Monday, the President blocked the $117 billion buyout, deeming it a potential threat to national security.The move brings to an end a five-month saga for control of Qualcomm, a cellular giant and San Diego’s flagship technology company with 13,000 local employees.Momentum in this epic fight seemed to shift daily. Now that it’s over, what remains are questions about conflicts between America’s long-standing free market/free trade stance and the need for national security – … [Read more...] about Broadcom-Qualcomm: What’s the fallout of epic takeover battle?
April 11, 2018: (PRODUCT)RED iPhone 8 and iPhone 8 Plus now available in stores and for immediate delivery. Just like last year, Apple has released a new iPhone color for the spring — and it's (PRODUCT)RED. iPhone 8 and iPhone 8 Plus begin shipping in Product RED on Friday, April 13, in Australia, Canada, China, France, Germany, Hong Kong, Japan, New Zealand, Singapore, South Korea, the UK and US on Friday, April 13. Brazil, Denmark, Ireland, Italy, Malaysia, Mexico, Netherlands, Norway, Russia, Saudi Arabia, Spain, Sweden, Switzerland, Taiwan, Thailand, UAE. Other regions to follow. See at Apple Greg Joswiak, Apple's vice president of Product Marketing: This special edition (PRODUCT)RED iPhone features a stunning red and black color combination and also offers customers the opportunity to make an impact in fighting the spread of HIV and AIDS. iPhone 8 and iPhone 8 Plus improve on everything we love about iPhone, including Retina HD displays that are more beautiful than ever, … [Read more...] about iPhone 8 review: The upgrade many people will be looking for