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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Anecdotal evidence, local media reports and official statistics point to a rapid increase in the number of offers being withdrawn, a phenomenon only seen when there is a sudden and significant … [Read more...]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

Underclass midshipmen salute during the national anthem at the U.S. Naval Academy graduation and commissioning ceremony in Annapolis, Maryland, U.S., May 27, 2022. (REUTERS) ANNAPOLIS, Md.  – U.S. President Joe Biden said on Friday that Russian President Vladimir Putin’s attempt to divide Europe by invading Ukraine had backfired and told Naval Academy graduates their job … [Read more...] about Keep the South China Sea free, Biden tells Navy graduates