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Fertiliser companies turn to EU, Russia & West Asia as China halts exports
Economic Times
ยท
6d ago
Medial
China's halt in specialty fertiliser exports to India has forced Indian firms to seek alternatives from Europe, Russia, and West Asia at higher costs. Previously, China was the favored source due to lower prices and shorter delivery times. Now, with Chinese ports holding significant quantities, the industry is importing around 80,000-100,000 tonnes to replace the delayed 150,000-160,000 tonnes. This situation, combined with diplomatic tensions, predicts challenging times for Indiaโs horticulture productivity.
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China says EU's 'unfair' EV subsidies probe risks damaging ties
Reuters
ยท
1y ago
Medial
China's ambassador to the European Union, Fu Cong, has criticized the EU's investigation into Chinese electric vehicle (EV) manufacturers over state subsidies, calling it "unfair". He stated that China is cooperating with the probe to avoid resorting to trade measures. Cong mentioned that the EU also provides subsidies to its own companies and suggested that if China adopted a similar approach, it could lead to investigations. Tensions between China and the EU have been rising, partly due to China's closer ties with Russia following the Ukrainian invasion. The EU is aiming to decrease its dependence on China for materials and products.
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Russians unfazed by higher prices as iPhone pre-order demand soars
Economic Times
ยท
9m ago
Medial
Pre-order demand for the new iPhone in Russia is reportedly 15% higher than its predecessor, despite the fact that it is at least 50% more expensive than in the West. This is attributed to the legalization of grey or parallel imports, which allowed goods to enter the country without brand permission after Western companies imposed export bans in response to the conflict in Ukraine. Countries such as Turkey, China, India, Kazakhstan, and other former Soviet states have seen increased trade with Russia. Retailers in Russia have launched pre-orders, with prices significantly higher than in the US. Apple has not yet commented on sales and pricing in Russia.
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Russian court fines Apple for not deleting two podcasts, RIA reports
Economic Times
ยท
8m ago
Medial
A Moscow court has fined Apple 3.6 million roubles ($36,889) for not removing two podcasts that contained information aimed at destabilising Russia's political situation. Over the past few years, Russia has fined multiple foreign companies for failing to remove content, allegedly as part of a campaign to restrict the influence of Western technology companies. This comes amid increased tensions between Russia and the West since Moscow's military intervention in Ukraine in February 2022.
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Exclusive: China commerce minister to head to Europe to make EV case
Reuters
ยท
1y ago
Medial
China's Commerce Minister, Wang Wentao, is set to travel to Europe in April to discuss the European Commission's investigation into China's electric vehicle industry. The investigation aims to determine whether the industry has benefited from unfair subsidies and may result in tariffs being imposed on exports. Wang will visit France and will be accompanied by representatives from companies such as BYD, SAIC, and Geely. China has disputed the claim that its EV industry has boomed due to subsidies and considers the EU inquiry to be protectionist. China overtook Japan last year as the largest car exporter.
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EU may become as hooked on China batteries as it was on Russian energy
Economic Times
ยท
1y ago
Medial
According to a research paper prepared for EU leaders, the European Union could become heavily dependent on China for lithium-ion batteries and fuel cells by 2030, similar to its previous reliance on Russia for energy. The paper highlights the need for strong measures to avoid this dependency, especially as Europe aims for net-zero carbon emissions by 2050. The EU leaders will discuss proposals to reduce the risk of over-dependence on China and diversify towards Africa and Latin America during a meeting in October. The paper also mentions potential vulnerability in the digital-tech space.
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Chinese firms helping military get AI chips added to US export blacklist
Economic Times
ยท
1y ago
Medial
The United States has added four Chinese companies to its export blacklist for supplying AI chips to China's military. These companies are part of China's military modernization programs and military intelligence users. The US has also restricted exports to five companies involved in producing and procuring drones for Russia and Iranian-backed Houthis. The Chinese government opposes the US's abuse of export control tools and urged them to stop politicizing trade and technology issues. This move indicates ongoing tensions between the US and China over national security and foreign policy.
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FCC head Brendan Carr tells Europe to get on board with Starlink
Arstechnica
ยท
3m ago
Medial
FCC Chair Brendan Carr urged Europe to align with US technology, particularly Starlink, amid growing concerns over Chinese influence. Carr criticized EU regulators for their bias against US tech companies and warned of the geopolitical divide between the West and China in AI and satellite tech. He emphasized the need for European countries to make strategic decisions regarding technology partnerships, highlighting the security implications of aligning with Chinese tech alternatives.
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India-EU Free Trade Agreement feasible by end of 2025: S Jaishankar
Economic Times
ยท
1m ago
Medial
India prioritizes its relationship with the EU, focusing on securing a Free Trade Agreement (FTA) by the end of 2025. External Affairs Minister S. Jaishankar, after discussions with EU officials, expressed optimism about the FTA's progress, highlighting its significance amidst broader bilateral cooperation in defense, security, and education. Jaishankar also discussed India's diplomatic perspectives on global issues, emphasizing the need for negotiated solutions in conflicts such as Russia-Ukraine and mentioning India's balanced approach toward China.
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HMD to double mobile phone exports from India, make it global hub, COO says | Mint
Livemint
ยท
11m ago
Medial
HMD, the maker of Nokia-branded mobile phones, plans to double its exports from India to 4 million units over the next year. The company also aims to increase local production by more than a third. HMD will make India its global operational platform for production and exports, as it launches its own brand of smartphones and feature phones. India is already the company's biggest market and it sees it as a vital base for growth. The company is currently exporting Nokia-brand phones to West Asia and Africa and plans to expand to new markets including Europe and the US.
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US restricts sale of AI training chips to China
The Verge
ยท
1m ago
Medial
The US government has restricted the export of AI training chips from Nvidia and AMD to China and Russia, citing potential military applications. The ban affects Nvidia's A100, H100, and AMD's MI250 chips, used in high-end AI systems. These restrictions form part of a broader US strategy to limit tech exports to curb rival powers. Nvidia's stock fell 6 percent after this disclosure, impacting its estimated $400 million in projected sales in China.
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