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...Analysts have said the European group will be focused on ringfencing the work for the A220 at Belfast and securing the associated jobs....
...Among the 18 approved processors were chips from Huawei and state-backed group Phytium. Both are on Washington’s export blacklist....
...By the end of September, his personal debt to the tech group topped $5bn....
...Reporting by Ryan McMorrow in Beijing, Eleanor Olcott in Hong Kong, Ivan Levingston in London, Tabby Kinder in San Francisco and James Fontanella-Khan in New York...
...Additional reporting by Ryan McMorrow in Beijing...
...“This is a horribly managed company,” said Spaulding Ryan....
...A stricter licensing regime is impacting the tech groups that have been latecomers to China’s EV boom....
...Her comments revived concerns about working conditions at Chinese tech groups....
...The group has recently prioritised artificial intelligence, vying to be China’s answer to OpenAI....
...The group is set to hold a town hall for staff on the US situation on Wednesday....
...On Sunday, Tesla’s electric vehicles were included on a list of more than 70 car models that have been tested for data security compliance by a Chinese industry group....
...Since then, SIG has put over $3.5bn into more than 350 Chinese start-ups, making Yass’s group among the leading foreign venture capital firms in the country, according to research group ITjuzi....
...The figure represented a 13 per cent year-on-year decline, and research group Counterpoint said iPhone sales in the first six weeks of this year were also down 24 per cent from a year earlier....
...The group’s bumper profits last year compare with $700mn of net income for 2022 and $1.1bn in 2021....
...big backer of ByteDance founder Zhang Yiming and buying itself a stake in a Chinese company now worth about $40bn and which represents a significant chunk of Yass’s net worth, write the Financial Times’ Ryan...
...Falling market share and sales figures reported this month indicate the two groups face rising competition and the whiplash of US-China geopolitical tensions....
...For further reading: Baidu’s bet on AI could make or break China’s fallen tech group Tightened US rules throttle Alibaba and Baidu’s AI chip development Baidu shares fall after Ernie AI chatbot demo disappoints...
...Hacking Inc....
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...Son 11 years ago paid a record $117.5mn for the Woodside estate to buy the residence from Tully Friedman, co-founder of private equity group Hellman & Friedman....
...That surge in competition is, once again, threatening the Chinese search group’s ambitions in emerging tech....
...Fertitta, whose net worth Forbes estimates at about $9bn, is the owner of US basketball team the Houston Rockets, the Golden Nugget casino business and restaurant chain Landry’s....
...Apec summit in San Francisco has led to hopes of a thaw in relations between the two superpowers, which have resumed high-level military communications and agreed to establish a counter-narcotics working group...
...This week, Uber unveiled a partnership with Instacart, which will allow the grocery delivery group’s US users to order from restaurants listed on Uber Eats....
...BlackRock’s change in allocations in its popular model portfolios led to a surge on the equity side as well, according to Morningstar analyst Ryan Jackson....
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