Business

Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement

Theena Ocay   | Dec 07, 2016 07:13 AM EST

The US Supreme Court ruled on Tuesday that Samsung's violation on Apple's smartphone design patents may involve only a component rather than the entire product. read more

China Incensed After Obama Blocks Aixtron Takeover Deal

Charissa Echavez   | Dec 06, 2016 11:24 AM EST

China urged the US to stop interfering foreign corporate merger and acquisitions, after outgoing US President Barack Obama blocked the sale of Germany's Aixtron SE to China's Grand Chip Investment GmbH because it reportedly poses national security risks. read more

Chinese Yuan did not Suffer a Steep Decline

Theena Ocay   | Dec 07, 2016 12:02 PM EST

Rumors that China's currency suffered from a steep decline on Tuesday have been circulated across social media; however, CNBC clarified that China's yuan did not suffer a sharp fall. read more

US Lawmakers Demand to Stop Lattice Semiconductor Takeover, Citing Chinese Connection

Girish Shetti   | Dec 06, 2016 09:00 PM EST

Several U.S lawmakers on Monday wrote to U.S Secretary of State Jacob Lew urging to stop the acquisition of a Lattice Semiconductor Corp. by a private equity fund for being allegedly connected to Chinese government. read more

China, UK Partner to Advance Creative Sector

Steve M.C.   | Dec 07, 2016 12:53 AM EST

China and U.K creative firms on Monday in Shanghai signed off on a partnership between the two states that aims at boosting, among other things its film industry. read more

South Africa's Onyx Connect to Locally Produce First Smartphone with the Help of Google

mwaniki wanjiku   | Dec 06, 2016 08:41 PM EST

Onyx Connect of Johannesburg will take advantage of low costs and rising demand to build handsets, tablets and other devices based on google's Android platform. read more

Uber Acquires Geometric Intelligence for Own AI Research Lab

Ellie Froilan   | Dec 06, 2016 04:28 AM EST

Uber Technologies has announced its acquisition of artificial intelligence research startup Geometric Intelligence. Along with the acquisition, Uber unveils its own artificial intelligence (AI) lab division named Uber AI Labs. read more

Chinese Regulators Have Harsh Words for Companies Going Against Market Regulations

Steve M.C.   | Dec 06, 2016 01:44 AM EST

Companies have been advised by China's securities regulators against leveraging their acquisition of items that might have been acquired using dubious methods. During a Saturday meeting of the Asset Management Association of China, Liu Shiyu, Chairman of China Securities Regulatory Commission, spoke out strongly against the act. read more

Lazada Confident to Keep Up with Amazon in Southeast Asian Market

Phenny Lynn Palec   | Dec 05, 2016 11:06 AM EST

Considered as one of Asia's biggest e-commerce operators, Lazada is poised to meet a formidable competition now that Amazon has announced its intention of entering the Asian market. Despite the impending threat to its dominance, Lazada recently said that the company is confident that its existing network of partners, merchants, and a growing user base are strong enough to withstand the competition. read more

Chinese Consumer Group Demands Apple to Replace All Defective iPhone Batteries

Phenny Lynn Palec   | Dec 05, 2016 07:23 AM EST

The China Consumers Association, which is a Chinese consumer watchdog, demanded that tech giant Apple should replace all defective batteries that were integrated into some of its iPhone models manufactured between September and October 2015. read more

EU Blames China for World Trade Organization Relapse

Steve M.C.   | Dec 05, 2016 01:51 AM EST

China has been put under the spotlight by the European Union over submission of impossible terms of engagement at the World Trade Organization aimed at cutting imports and exports of environmentally friendly products by nearly over $1 billion. read more

China, Australia Remove Air Passenger Restriction

S. Rina   | Dec 05, 2016 01:12 AM EST

China and Australia have agreed on Sunday to remove the restrictions imposed on the number of passengers flown between the two countries. The agreement is designed to increase the tourism as well as trade in the region. read more

US Senator Calls for Renewed Scrutiny of China’s Wanda Group

S. Rina   | Dec 05, 2016 12:18 AM EST

Incoming Senate Minority leader Chuck Schumer has called for further scrutiny of Chinese companies' takeover of the US firms. In a letter addressed to Treasury Secretary Jack Lew, U.S. President-elect Donald Trump and U.S. Trade representative Michael Froman, Schumer stated that it needs to be determined whether the takeovers are being stage managed by Chinese government. read more

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