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Anecdotal evidence, local media reports and official statistics point to a rapid increase in the number of offers being withdrawn, a phenomenon only seen when there is a sudden and significant … [Read more...]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
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UK orders full national security review for Chinese takeover of semiconductor maker Newport Wafer Fab
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
Senior Beijing city health official sacked amid capital’s Covid battle
A top Beijing health official has been sacked for “serious violations of discipline and laws” as the Chinese capital continued to battle the latest wave of Covid-19 cases. The removal of Yu Luming, 60, as director of Beijing’s municipal health commission was apparently not related to the ongoing Covid-19 pandemic as the Communist Party’s top anti-corruption watchdog, the … [Read more...] about Senior Beijing city health official sacked amid capital’s Covid battle
Singapore’s democracy is a system that works: Lee Hsien Loong
TOKYO (The Straits Times/Asia News Network): Singapore's Prime Minister Lee Hsien Loong (pic) on Thursday (May 26) described the Republic's brand of democracy as a system that works and has yielded results such as law and order, growth and efficient governance. He was responding to a question by Nikkei Asia editor-in-chief Shigesaburo Okumura, at a discussion at the 27th … [Read more...] about Singapore’s democracy is a system that works: Lee Hsien Loong
Nigeria’s Jonathan can contest presidential elections next year, court rules
YENAGOA, Nigeria (Reuters) - Former Nigerian President Goodluck Jonathan can run in next year's presidential election, a court ruled on Friday, clearing doubts over his eligibility and paving the way for him to return to national politics. Jonathan, who was president from 2010 to 2015, has not yet said if he intends to contests the election. His spokesperson said this … [Read more...] about Nigeria’s Jonathan can contest presidential elections next year, court rules