China Orders Meta to Unwind $2 Billion Acquisition of AI Startup Manus
Chinese regulators require Meta to reverse its $2 billion acquisition of AI startup Manus, raising global concerns about tightening AI sector merger oversight.
China
China Blocks Meta's Major AI Acquisition, Escalating Global Tech Oversight
China’s regulators formally reject Meta’s acquisition of a Chinese AI company, highlighting intensifying global scrutiny of cross-border AI deals amid US-China tech rivalry.
Iran War Sparks Global Energy Panic as Electric Vehicle Demand Surges Worldwide
The Middle East conflict continues to drive up global fuel prices, triggering a surge in electric vehicle sales across Australia, Vietnam, Japan, South Korea, and beyond. Analysts say this could lead to a permanent acceleration in EV adoption in emerging markets.
China's Industrial Profits Surge 15.8% in March, Driven by AI and Chip Boom
China’s National Bureau of Statistics reported that industrial enterprise profits rose 15.8% year-on-year in March, with strong growth in AI and semiconductor sectors as the key driver.
Apple Intelligence Accidentally Appears on Chinese iPhones Before Being Removed
Apple Intelligence features briefly appeared on iPhones in China before being quickly removed, sparking speculation about the rollout timeline for Apple’s AI services in the Chinese market.
U.S. Sanctions Chinese Independent Refinery for Buying Iranian Oil
The Trump administration sanctioned Hengli Petrochemical’s independent refinery in China for purchasing billions of dollars worth of Iranian oil, alongside sanctions on approximately 40 shipping companies operating in Iran’s shadow fleet.
China's Wang Yi Meets Myanmar's Military Leader, Discusses Border Trade Reopening
Chinese Foreign Minister Wang Yi meets Myanmar’s military-backed government leader Min Aung Hlaing during a regional tour, focusing on border trade restoration and regional cooperation.