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Why Chinese tech companies are racing to set up in Hong Kong
Posted onFor Yunji, that means proving its robots can operate in real-world international settings. The company, which builds its service robots for hotels, hospitals and factories, listed in Hong Kong in October of last year, as it sought to widen its investor base beyond the mainland.
US and China agree framework of trade deal ahead of Trump-Xi meeting
Posted onThe US and China have agreed the framework of a potential trade deal that will be discussed when their respective leaders meet later this week, the US trade secretary has said. Scott Bessent told the BBC’s US news partner CBS that this included a “final deal” on TikTok’s US operations and a deferral on China’s…
JP Morgan boss Jamie Dimon sounds warning on US stock market fall
Posted onSimon JackBusiness editor and Michael Sheils McNamee Watch: ‘I’m more worried than others about stock market fall’, says JP Morgan boss There is a higher risk of a serious fall in US stocks than is currently being reflected in the market, the head of JP Morgan has told the BBC. Jamie Dimon, who leads America’s…
High Court rules Baroness Mone-linked company breached £122m Covid contract
Posted onRachel ClunBusiness reporter Getty Images A company linked to peer Baroness Mone and her husband Doug Barrowman has been ordered to pay £122m in damages after a judge ruled it breached a government contract for the supply of personal protective equipment (PPE) during the Covid pandemic. The Department of Health and Social Care sued PPE…
Ofcom investigates BT and Three for failing to connect 999 calls
Posted onLiv McMahonTechnology reporter Getty Images Ofcom is investigating BT and Three over mobile outages it said had caused “UK-wide disruption”, including to emergency services. Thousands of Three customers reported they were unable to make calls in June, while BT and EE customers were hit by a similar outage in July. The regulator said it would…
