Business

China chip giant SMIC shares dive on US export controls

Shares in China's biggest chip maker tumbled Monday on reports that Washington had imposed export controls on the company, the latest salvo in the battle for technological dominance over Beijing.

Huawei plans legal challenge to latest US pressure: report

Chinese telecoms giant Huawei is preparing a legal counterpunch against new moves by American regulators to bar the company from accessing $8.5 billion in US federal funds for services and equipment, a report said Friday.

Business

Amazon reports rare quarterly loss as online shopping slows

Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup.

Business

General Motors auto workers call strike in US

The United Auto Workers union called a nationwide strike against General Motors Sunday, with some 46,000 members set to walk off the job beginning at midnight amid an impasse in contract talks.

page 20 from 38