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A job crisis is looming for China’s youth as entry-level positions are disappearing across industries from tech to new energy vehicles amid the country’s rigid zero Covid-19 policy. Anecdotal evidence, local media reports and official statistics point to a rapid increase in the number of offers being withdrawn, a phenomenon only seen when there is a sudden and significant … [Read more...] about Job crisis looms for Chinese graduates as tech, new energy vehicle firms stop hiring amid Covid-19 lockdowns

(Reuters) - Chinese automaker FAW Group is considering acquiring a significant stake in ride-hailing giant Didi Global Inc, Bloomberg News reported on Friday, citing sources. The state-owned FAW Group has reached out to Didi's top executives and expressed its interest in becoming a major shareholder in the firm, the report https://bloom.bg/38n7Gtm said. U.S.-listed … [Read more...] about Chinese automaker FAW Group considers buying stake in Didi Global – Bloomberg News

Britain’s business secretary has ordered a full national security assessment of the £63 million (US$79 million) acquisition last year of the country’s biggest semiconductor maker by Nexperia, a Dutch subsidiary of China’s Wingtech Technology. The inquiry comes after media reports in April stating the British government would not intervene in the deal following a separate … [Read more...] about UK orders full national security review for Chinese takeover of semiconductor maker Newport Wafer Fab

President-elect Bongbong Marcos gestures during an interview with Press Secretary-designate Trixie Cruz-Angeles. Screengrab from Facebook / BBM The wish list continues to grow for President-elect Ferdinand Marcos Jr., with key sectors adding on proposed measures that they want the new administration to support to improve the lives of ordinary Filipinos. The items presented … [Read more...] about Health reform, pay hike: Wish list for Bongbong Marcos grows

Ottawa (Reuters) - Investigators recovered a pellet gun from the scene where Toronto police shot and killed a man suspected of carrying a rifle in a section of the city that prompted five nearby schools to be placed under precautionary lockdowns. On Thursday, police went to Scarborough after receiving multiple 911 calls about a man walking with a rifle and located him … [Read more...] about Investigators find pellet gun near scene where Toronto police killed suspected gunman