Leading countries initiate moves for action against leading companies from the IT sector

Leading countries initiate moves for action against leading companies from the IT sector

London/Brussels/Canberra: Leading countries of the world have initiated moves to take actions against the giant companies from the IT sector, trying to have monopolies in the sector, using their financial might. As per reports, over the last few days, the European Union, the United Kingdom and Australia have taken some major decisions in this respect. […]

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IT sector layoffs a cause for concern for real estate industry

IT sector layoffs a cause for concern for real estate industry

Mumbai: The IT industry in India which has seen an upsurge in the last few years, is however currently being faced with challenging financial headwinds. Under such circumstances, these challenges are leading the ‘IT’ sector companies to lay off their employees. While such fears are being voiced a new concern of its consequences affecting the […]

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Bad debt in construction sector will hit Chinese economy, warn analysts

Bad debt in construction sector will hit Chinese economy, warn analysts

Beijing: Evergrande, China’s leading construction company, has reportedly failed to repay more than 300 billion in debt. It has been revealed that two leading multinational banks have since refused to accept the bonds issued by Fantasia company as collateral. Subsequent developments have brought the issue of bad debts in the Chinese construction sector on the […]

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Taiwan’s semiconductor sector should be idolised for providing impetus to the US industry sector: US economist

Taiwan’s semiconductor sector should be idolised for providing impetus to the US industry sector: US economist

Washington/Taipei – US economist Jeff Ferry said that Taiwan’s leadership in the technology-intensive semiconductor industry and its policy should be exemplary in boosting the US industrial sector. Ferry also warned that the US has lagged by focusing only on businesses in the financial sector. The emphasis should be on strengthening the manufacturing sector, like Taiwan, […]

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Taiwan to increase cooperation semiconductor sector with US, Japan and other countries: President Tsai Ing-wen

Taiwan to increase cooperation semiconductor sector with US, Japan and other countries: President Tsai Ing-wen

Taipei: – Taiwanese President Tsai Ing-wen has proposed increasing cooperation with the United States, Japan, and other countries in semiconductors, which is a crucial component of advanced technology. In an interview with a Japanese magazine, she underlined the importance of this cooperation, saying that the semiconductor sector is strategically important. China is one of the leading manufacturers […]

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Chinese action against its private sector threatens China’s status as economic superpower, claim US analysts

Chinese action against its private sector threatens China’s status as economic superpower, claim US analysts

Washington/Beijing – Ron Insana, an analyst from the United States, has warned that the crackdown on its own big companies by the Chinese ruling communist regime could undermine China’s position as an economic superpower. China is the world’s second-largest economy, and the ruling communist regime is threatening the “business model” that led to its rise, […]

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New partnerships necessary to counter Chinese threat in advanced technology sector, appeal international leaders including US

New partnerships necessary to counter Chinese threat in advanced technology sector, appeal international leaders including US

Washington/Beijing: – Leaders from the United States, as well as other leading countries, appealed that there is a need for new partnerships to counter the increasing Chinese influence and threat in the advanced technology and related sectors. The Chinese threat in the technology sector was underlined in the conference organised by the National Security Commission […]

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Stability in Taiwan sector essential for Japanese and international peace, claims Japanese defence ministry in its white paper

Stability in Taiwan sector essential for Japanese and international peace, claims Japanese defence ministry in its white paper

Tokyo: – Japanese defence ministry released a white paper on Tuesday. The Japanese government has delivered a jolt to China with a direct mention of Taiwanese security, for the first time, in this white paper. Japan underlined the importance of Taiwanese security, saying, ‘The Chinese movements posing a challenge to Taiwanese security are dangerous. Bringing […]

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Bill passed in US Congress to challenge the increasing Chinese influence in technology sector

Bill passed in US Congress to challenge the increasing Chinese influence in technology sector

Washington/Beijing – The US Congress passed a new bill to challenge the increasing Chinese influence in the technology sector. The bill named US Competition and Innovation Act makes a provision of USD 246 billion to maintain the leadership position of the United States in the technology sector. However, a strong reaction has been received from […]

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Eight industry sectors report record growth in production, despite Coronavirus crisis

Eight industry sectors report record growth in production, despite Coronavirus crisis

New Delhi: Financial transactions were adversely affected due to the restrictions imposed, in the country, given the Coronavirus crisis. The growth recorded for the fiscal ending in March has been -7%. Despite this, eight main industry sectors have reported a major increase in production. The union government announced that a growth of 56.1% was recorded […]

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