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Tag: China

In rebuke to China, Taiwan calls for closer ties with U.S., allies

In rebuke to China, Taiwan calls for closer ties with U.S., allies

Business
Sept. 11 (UPI) -- A report released on Wednesday by Taiwan's defense ministry calls for closer alliances with the United States, Japan and other countries in a rebuke to China's military threat. The annual National Defense Report of the Ministry of Defense outlines strategies for countering China, and Taiwan's continued role as a "defender of peace" in the region. It encourages the Indo-Pacific Strategy of defense -- which involves the United States, Australia, Japan, Singapore South Korea and the Philippines -- and notes the growth of the indigenous Taiwanese defense industry. Taiwan, formally known as the Republic of China, is an island nation off the coast of China and is regarded by China as a breakaway province, eventually to return. Its 2019 defense budget of $ 11.1 billion is dwar...
US companies are canceling investment into China at a faster clip, survey shows

US companies are canceling investment into China at a faster clip, survey shows

Finance
Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. - Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP) (Photo credit should read MARK RALSTON/AFP/Getty Images)MARK RALSTON | AFP | Getty ImagesSome American companies in China are speeding up their move away from the mainland as increasing tariffs continue to hurt their businesses. That's according to a survey released by the American Chamber of Commerce in Shanghai on Wednesday.More than a quarter of the respondents – or 26.5% – said that in the past year,
U.S., Britain, China send military, financial aid to stricken Bahamas

U.S., Britain, China send military, financial aid to stricken Bahamas

Business
Sept. 6 (UPI) -- The United States, Britain and China announced the commitment of funds and goods to help hurricane-devastated Bahamas. U.S. military and civilian emergency teams from the United States have been sent to the Bahamas, where tens of thousands of people need food and supplies after Hurricane Dorian struck the nation of the tens of thousands of residents on the small islands. The White House has encouraged donations through the Center for International Disaster Information website. The U.S. Coast Guard said on Friday morning that it has rescued 205 people in the Bahamas since the start of the hurricane, conducting air operations from Andros Island, Bahamas, with seven MH-60 Jayhawk helicopters and five MH-65 Dolphin helicopters. Search and rescue missions, area assessments a...
Growing backlash in China against A.I. and facial recognition

Growing backlash in China against A.I. and facial recognition

Finance
A display for facial recognition and artificial intelligence is seen on monitors at Huawei's Bantian campus on April 26, 2019 in Shenzhen, China.Kevin Frayer | Getty ImagesChina's seemingly unfettered push into facial recognition is getting some high-level pushback.Face-swapping app Zao went viral last weekend, but it subsequently triggered a backlash from media — both state-run and private — over the apparent lack of data privacy protections.The app also stirred controversy as it allows users to upload photos of themselves and superimpose their faces on clips of celebrities or anyone else. Its capability raised concerns that people could manipulate videos to spread disinformation.This backlash shows that the concept of data privacy is gaining ground in China, and increasingly users are le
EU ‘considers €100bn tech fund to fight US and China rivals’

EU ‘considers €100bn tech fund to fight US and China rivals’

Technology
By Ed Clowes, business reporter The EU is reportedly weighing plans for a €100bn (£90bn) fund that it hopes will fuel promising European technology companies and stave off competition from larger Chinese and US-based rivals such as Amazon and Alibaba.Under proposed plans set out by civil servants in Brussels, the so-called European Future Fund would invest in sectors that have fallen behind global rivals in recent years, according to documents seen by both Politico and the Financial Times. The initiative is part of a collection of suggestions presented to the incoming president of the European Commission, Ursula von der Leyen, who enters office on 1 November.The fund would prioritise acquiring long-term equity stakes in "EU-based corpor