Asia

US Senate Passes TikTok Ban-or-Divest Bill, Sending it to Biden to Sign Into Law

The US Senate voted to ban social media app TikTok’s ownership by Chinese parent ByteDance Ltd. This sets the stage for a constitutional clash over whether...

US Is Reviewing Risks of China's Use of RISC-V Chip Technology

By Stephen Nellis (Reuters) - The U.S. Department of Commerce is reviewing the national security implications of China's work in open-source RISC-V chip technology,...

Tesla Earnings, Apple in China, TikTok's Bill

Bloomberg's Caroline Hyde and Ed Ludlow break down why Apple is facing its worst start to the year in China since the Covid pandemic....

Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand

French luxury group Kering reported a 10% drop in first-quarter sales on Tuesday, dragged down by a slowdown at its star label Gucci, which...

Goldman Sachs says China stocks may rise by 40% on market reforms as UBS goes overweight on mainland, Hong Kong shares

China’s push to reshape its capital markets is set to give stock valuations a significant boost, according to Goldman Sachs. UBS Group joined the...

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