Companies
PM Modi to interact with CMs of southern states
New Delhi [India], July 13 (ANI): Prime Minister Narendra Modi will interact with Chief Ministers of Tamil Nadu, Andhra Pradesh, Karnataka, Odisha, Maharashtra and Kerala on Friday to discuss the COVID-19 situation in the states.
According to the sources, PM Modi will interact with the chief ministers of Tamil Nadu, Andhra Pradesh, Karnataka, Odisha, Maharashtra and Kerala at 11 am on July 16 through video conferencing on the COVID-19 situation.
India’s first COVID-19 patient, a medical student from Kerala who was tested positive on her return from Wuhan in China last year has again tested positive for coronavirus infection. Kerala alone has reported a total of 7,798 COVID cases on Monday, and there are currently 1,11,093 people under treatment in the state.
Meanwhile, India reported 31,443 new COVID-19 cases in the last 24 hours, the lowest daily cases in 118 days, informed the Union Health Ministry on Monday.
India’s active caseload of COVID-19 cases is at 4,31,315, the lowest in 109 days. (ANI)
China
Government subsidies don’t boost Chinese firms’ productivity
China’s industrial subsidies have caused considerable controversy both internationally and domestically. Trading partners have accused China of unfairly favouring its indigenous firms with subsidies, leaving foreign companies at a disadvantage in the race to lead the technologies of the future.
Governments around the world regularly spend an enormous amount of money subsidising businesses. But few spend like China. A 2022 report suggests that China spends 1.7–5 per cent of its GDP on industrial policies, more than most countries.
(more…)Companies
Chinese Smartphone Manufacturer Lays Off 3,000 Employees Following Closure of Chip Design Division
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
(more…)Companies
Company Owned by Chinese Billionaire Guilty of Paying $1 Million in Bribes to LA Councilman
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
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