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SINGAPORE—Defense Secretary Lloyd Austin met his Chinese counterpart for the first time in months, the latest sign of thawing ties between the two countries after a rupture in August following a trip to Taiwan by House Speaker Nancy Pelosi. Mr. Austin and Chinese Defense Minister Wei Fenghe discussed bilateral ties and security matters on the sidelines of a gathering of defense ministers in the Cambodian city of Siem Reap, the Pentagon said Tuesday.
SINGAPORE–Chinese e-commerce giant JD.com Inc. told staff that it will cut executive salaries to improve employee benefits and ease financial pressure, as tech companies grapple with a weaker economy. Beijing-based JD.com will reduce the compensations of some 2,000 senior managers by 10%-20% from next year, with steeper cuts for higher-level executives, according to a letter Richard Liu , the billionaire founder of the company, sent to staff on Tuesday and seen by The Wall Street Journal. Mr. Liu in the letter apologized for cutting their pay and promised to restore it if JD.com could return to fast growth in the coming two years.
SINGAPORE—Defense Secretary Lloyd Austin met his Chinese counterpart for the first time in months, the latest sign of thawing ties between the two countries after a rupture in August following a trip to Taiwan by House Speaker Nancy Pelosi. Mr. Austin and Chinese Defense Minister Wei Fenghe discussed bilateral ties and security matters on the sidelines of a gathering of defense ministers in the Cambodian city of Siem Reap, the Pentagon said Tuesday.
SINGAPORE—China acknowledged its first deaths related to Covid-19 in about six months as surging cases collide with a government push to ease unpopular and costly pandemic controls. The three victims, all over 87 years old and with pre-existing illnesses, were from Beijing, where infections have more than doubled in the past four days, official data show. China reported around 26,000 locally transmitted new daily cases for Sunday, with cases also surging in other major cities and outbreaks reported in all regions for a sixth consecutive day.
Several of the world’s biggest tech companies are laying off employees. One company bucking the trend so far is TikTok. Amid a retrenchment in Silicon Valley, the Chinese-owned social-media company is in the middle of a three-year hiring push, having committed to add about 3,000 engineers in worldwide locations including the U.S.
SINGAPORE— Volkswagen AG plans to stop manufacturing manual cars at one of its two China joint ventures, as Chinese consumers shift their buying from traditional combustion-engine cars to electric vehicles. The German car maker will end production of such vehicles at its joint venture with Chinese state-owned auto maker SAIC Motor Corp. in August 2024 due to changes in market demand, a Volkswagen spokesman said Friday. The move won’t involve job cuts and affected workers will be reassigned to different production lines, a person familiar with the company said.
SINGAPORE— Activision Blizzard Inc. is halting most online game services in China in January, including “World of Warcraft,” “StarCraft” and “Diablo III,” as it and China’s NetEase Inc. end a 14-year licensing partnership. Blizzard Entertainment Inc., an Activision Blizzard subsidiary, and NetEase failed to reach a deal to renew their licensing agreements, the two companies said Thursday China time. One obstacle to renewing the deal was a disagreement between the two parties over how data of Chinese players are controlled, people familiar with the negotiations said. Data collected by powerful internet companies and how those are handled has become a point of friction between the U.S. and China in recent years.
Tencent has been a large shareholder of Meituan since the latter’s early days. SINGAPORE— Tencent Holdings Ltd. is shedding most of its stake in food-delivery company Meituan as the Chinese social-media and videogame giant moves to cash out from its investments in China’s internet sector. Tencent on Wednesday said it would distribute more than 958 million shares of Meituan, worth roughly $20 billion, as a special dividend to Tencent shareholders. The distribution will leave Tencent with a 1.5% stake in Meituan from 17% currently.
Challenges in the digital-ad sector are driving TikTok to diversify its revenue sources. SINGAPORE—TikTok’s slashing of its advertising-revenue outlook shows the fast-growing short-video app isn’t immune to the ad weakness reported by other social-media companies. TikTok has lowered its target for this year’s advertising revenue to $10 billion from at least $12 billion, Chief Executive Shou Zi Chew told staff in an online meeting that took place in recent weeks, according to the employees who attended the meeting.
Nvidia’s new chip is a response to the Biden administration’s new rules restricting exports of American chip technology to China. HONG KONG— Nvidia Corp. has begun offering an alternative to a high-end chip hit with U.S. export restrictions to customers in China, after the new rules threatened to cost the American company hundreds of millions of dollars in lost revenue. Nvidia said the new graphics-processing chip, branded the A800, meets U.S. restrictions on chips that can be exported to China under new rules rolled out last month. The chip went into production in the third quarter, the company said.
CNN —Arsenal defender Pablo Mari, who is currently on loan at Italian club AC Monza, says he was “lucky” after being injured during a stabbing attack in Italy on Thursday. One person died and four people were injured in the attack which took place on the outskirts of Milan, according to Italian national police. He underwent surgery on Saturday to “reconstruct the two injured muscles” in his back, according to AC Monza. I saw a person die in front of me,” Mari told Italian outlet La Gazzetta dello Sport from hospital. LaPresse/APCNN’s affiliate SkyTG24 reported Thursday that AC Monza had requested for its match against Bologna on Monday to be postponed.
BEIJING–U.S. chip equipment suppliers are pulling out staff based at China’s leading memory chip maker and pausing business activities there, according to people familiar with the matter, as they rush to assess the impact of Commerce Department semiconductor export restrictions. State-owned Yangtze Memory Technologies Co. is facing a freeze in support from key suppliers including KLA and Lam Research the people said. The suspensions follow last week’s sweeping curbs imposed by the U.S. on China’s chip sector, ostensibly to prevent American technology from advancing China’s military power, though the impact might reach further into the industry.
Tencent Holdings Ltd. is looking into shedding more of its huge investment portfolio as the Chinese social-media and videogame company tries to fund a series of share buybacks and refocus its growth strategy, people familiar with the matter said. The technology giant, which owns stakes in some of China’s largest internet companies, has recently completed a regular review of its sprawling portfolio and identified its priorities for possible stake sales based on the returns these investments have generated, the people said. Potential disposals could include online real-estate brokerage KE Holdings food-delivery company Meituan and ride-hailing giant Didi Global they added. Tencent is in no rush to execute the divestments, the people said, and it is unclear when they will happen.
Fostul prim-ministru italian Silvio Berlusconi este grav bolnav, iar procesul său pentru coruperea unor martori ar trebui să fie suspendat temporar, a declarat miercuri un procuror din Milano, potrivit Reuters.Berlusconi, în vârstă de 84 de ani, a fost spitalizat şi externat anul acesta după ce a contractat COVID-19 în septembrie trecut, iar în ultimele zile s-au înmulţit speculaţiile potrivit cărora starea sa de sănătate s-ar fi deteriorat, scrie agerpres.ro "Suntem ferm convinşi că Berlusconi este grav bolnav şi suferă de o afecţiune serioasă. El a negat orice act reprobabil din partea sa.Magnatul media a părăsit spitalul San Raffaele din Milano sâmbătă, după cinci zile de internare. A mai fost spitalizat în martie şi de două ori în aprilie. De asemenea, a fost consultat la spital în ianuarie din cauza unei probleme cardiace.În prezent, "primeşte îngrijiri la domiciliu. Bineînţeles că suntem îngrijoraţi", a declarat presei avocatul lui Berlusconi, Federico Cecconi.
Persons: Silvio Berlusconi, Berlusconi, ceilalţi, El, Federico Cecconi Locations: Milano, San Raffaele
Silvio Berlusconi a fost internat marţi în spitalul „San Raffaele” din Milano, în vederea continuării terapiei pentru depăşirea efectelor COVID-19, conform agenţiei ANSA, citată de Mediafax și digi24.ro. Berlusconi a avut coronavirus în toamna anului trecut. „Milano Today” scrie că liderul Forza Italia, în vârstă de 84 de ani, a revenit în spital la 11 zile după externare. Fostul premier italian se întorsese la vila sa din Arcore unde are amenajată o adevărată „cameră de spital” şi este tratat de specialişti. Berlusconi ar fi fost supus unei serii de controale legate de o boală inflamatorie cronică care s-ar fi înrăutăţit după COVID-19.
Persons: Silvio Berlusconi, . Berlusconi, specialişti, Berlusconi Organizations: Mediafax, Milano, Forza Locations: marţi, San, Milano, Forza Italia
Sursa foto: latimes.comFostul premier italian Silvio Berlusconi a fost externat după ce a petrecut 24 de zile în spitalFostul premier italian Silvio Berlusconi a fost externat din spital, unde se afla din 6 aprilie pentru o serie de analize, informează DPA şi Reuters, citate de Agerpres. Un purtător de cuvânt al partidului Forza Italia al lui Berlusconi a confirmat sâmbătă că politicianul în vârstă de 84 de ani a părăsit vineri Clinica San Raffaele din Milano şi se află acum la vila sa din Arcore, la nord de Milano. Sănătatea lui Berlusconi era încă afectată de o infecţie cu coronavirus pe care a contractat-o în septembrie, potrivit avocatului său, citat de agenţia de ştiri ANSA. Procesul a fost amânat de mai multe ori din cauza internării lui Berlusconi. Acum a fost programat pentru mijlocul lunii mai.
Persons: Silvio Berlusconi, Berlusconi, Berlusconi . Organizations: Agerpres Locations: Forza Italia, Milano
Fostul prim-ministru italian Silvio Berlusconi a fost internat de urgenţă într-un spital din Monte Carlo din cauza unor probleme cardiace, a declarat joi medicul său personal pentru agenţia italiană de ştiri ANSA, relatează Reuters şi EFE. Alberto Zangrillo a declarat pentru ANSA că l-a văzut luni pe Berlusconi şi a considerat că ar trebui internat imediat într-un spital din apropiere, pentru că nu credea că ar fi prudent să fie adus înapoi în Italia, relatează Reuters. Silvio Berlusconi însă a dat asigurări că starea lui de sănătate nu generează preocupări. Berlusconi a fost contaminat cu noul coronavirus în luna septembrie şi a fost internat cu pneumonie în spitalul San Raffaele din Milano. Silvio Berlusconi, în vârstă de 84 de ani, a fost premier al Italiei în trei rânduri, ultima dată în perioada 2008-2011.
Persons: Silvio Berlusconi, Alberto Zangrillo, Berlusconi, Reuters Organizations: Reuters, Facebook Locations: Monte Carlo, Italia, francez Valbonne, Nisa, San Raffaele, Milano, Italiei
Silvio Berlusconi se afla în orașul francez Valbonne, în apropiere de Nisa, când a avut această problemă cardiacă. Medicul fostului premier, Alberto Zangrillo, a declarat că Berlusconi a fost internat de urgență într-un spital din apropiere, pentru că ar fi fost riscant să fie adus înapoi în Italia. Berlusconi a fost contaminat cu noul coronavirus în luna septembrie şi a fost internat cu pneumonie în spitalul San Raffaele din Milano. Atunci, fostul prim-ministru a declarat, la ieșirea din spital, că „a fost poate cea mai dificilă încercare a vieţii mele”. Silvio Berlusconi, în vârstă de 84 de ani, a fost premier al Italiei în trei rânduri, ultima dată în perioada 2008-2011.
Persons: Silvio Berlusconi, Alberto Zangrillo, Berlusconi Locations: francez Valbonne, Nisa, Italia, San Raffaele, Milano, Italiei
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