Taiwan's Ministry of Economic Affairs announced a fine against Foxconn, one of the country's largest technology companies, for violating local laws governing foreign investment and relations with the People's Republic of China. The fine was imposed because Foxconn failed to notify Taiwanese...

Around 1,200 local employees will be impacted by Citigroup Inc.'s announcement that it is closing down its retail banking operations in China. As part of a global strategy to sell consumer franchises in 14 nations throughout Asia, Europe, the Middle East, Africa, and Mexico, in April 2021the...

Sony Group Corp. may spend approximately 800 billion yen ($5.83 billion) to construct a new factory in Japan's western Kumamoto Prefecture to make image sensors for smartphones, Nikkei reports. According to the article, the corporation intends to begin construction of the factory as early as 2024...

Some Chinese businesses will be removed by the White House from its list of organizations that are "untrustworthy in terms of the supply of technology items," reports Reuters citing sources. Names of the businesses that will have their restrictions lifted are still unknown. After China authorized...

Danske Bank would pay the United States billions of dollars in response to claims that it had concealed client data. The Department of Justice reported that Danske Bank, the largest bank in Denmark, has agreed to pay US$ 2 billion to the American authorities to resolve claims that it withheld...

The U.S. Securities and Exchange Commission (SEC) gave recommendations to American businesses, asking them to review their cryptocurrency holdings and, if necessary, report on their status. "The recent bankruptcy and financial issues of a few bitcoin market participants have upheaved this industry....

As energy production prices rise due to inflation and the firm actively invests in low-carbon fuel initiatives, Chevron Corp. announced on Wednesday that it has boosted its capital investment budget for 2023 by a double-digit percentage over the current year, to $17 billion. Chevron is under...

According to sources cited by the WSJ, Apple has hastened plans to shift some of its manufacturing from China to India or Vietnam and is also looking to lessen its reliance on Taiwanese assemblers. The Wall Street Journal claimed, citing sources engaged in the discussions, that Apple had hastened...

On Thursday, Pfizer Inc. announced plans to invest more than €1.2 billion to increase output at its Dublin plant. As a result, the capacity to synthesize vital elements utilized in biologic treatments will be doubled. The business started manufacturing a COVID-19 vaccine component at its facility...