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Chinese Tech Giants Quietly Retreat From Doing Business With Russia

HONG KONG—Chinese tech companies are quietly pulling back from doing business in Russia under pressure from U.S. sanctions and suppliers, despite calls by Beijing for companies to resist overseas coercion.Several major companies are curtailing shipments in Russia, where Chinese tech firms dominate the market for many products, without making any public announcements, according to interviews with people familiar with the matter. They include PC giant Lenovo Group Ltd. and smartphone and gadget maker Xiaomi Corp., the…

Digital-ad Giants Google, Facebook, Amazon Come Down From Pandemic Highs

A round of tech earnings last week made it starkly clear that the Covid-led surge in digital advertising has begun to ease. The slowdown was caused by a confluence of events, including inflation fears, supply-chain shortages, the war in Ukraine, a gradual return to normalcy two years into the pandemic, the continued rise of TikTok and Apple Inc.’s recent privacy changes. “We have not seen a collective set of headwinds for advertisers like this since the early 1980s," said Michael Nathanson, an analyst…

Jyotiraditya Scindia Holds Talks with US Aerospace Giants on Bolstering Alliance with India

Jyotiraditya Scindia said that the new building coming up at the existing Pune airport will have five passenger boarding bridges, escalators, elevators, inline X-ray baggage handling system, city side canopy with a six-lane road, etc. File pic/TwitterJyotiraditya Scindia held discussions with American aerospace giants on further strengthening collaboration with the industry in India.PTI Last Updated:May 03, 2022, 16:23 ISTFOLLOW US ON:Civil Aviation Minister Jyotiraditya Scindia held discussions with American aerospace…

China Plans Reprieve for Tech Giants, Including Delaying New Rules, as Economy Slows

SINGAPORE—China is preparing to hit pause on its monthslong campaign against technology companies, according to people familiar with the matter, as officials seek to arrest a rapid deterioration in the country’s economic outlook.China’s top internet regulator is set to meet next week with the country’s embattled tech giants to discuss the regulatory campaign, according to the people, who described the meeting as a sign that officials acknowledge the toll the regulations have had on the private sector at a time when…

Apple, Google, and Meta to TikTok and Microsoft — Tech Giants Cutting Ties With Russia

As Russia's invasion of Ukraine continues, global technology companies have joined governments and the international business community in cutting ties with the world's largest country over its ongoing military actions. Companies including Apple, Google, and Meta are restricting the availability of their products and services to Russian users. Similarly, AMD, Dell, TSMC, and Intel are amongst the tech firms limiting or ending sales in the country. While some businesses are complying with new economic and trade sanctions,…