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NEW DELHI (Reuters) - India is offering more than $1 billion in cash to each semiconductor company that sets up manufacturing units in the country as it seeks to build on its smartphone assembly industry and strengthen its electronics supply chain, two officials said.
MUMBAI (Reuters) - An Indian court on Wednesday granted no relief to China's ByteDance, owner of the TikTok video app, in a case where the company challenged the local tax authority's decision to block its Indian bank accounts, dealing a blow to its operations.
SEOUL (Reuters) - South Korea said on Thursday it will issue so-called COVID-19 vaccine passports to immunized citizens, joining other nations introducing such certificates to revive cross-border travel while keeping infection risks under control.
MUMBAI (Reuters) - China's ByteDance has told an Indian court that a government freeze on its bank accounts in a probe of possible tax evasion amounts to harassment and was done illegally, according to a filing seen by Reuters.
Chinese tech giants are expanding in Singapore as they face a crackdown at home and growing pressure in other key markets – but they may struggle to find talent in the city-state.
MUMBAI (Reuters) - An Indian court on Tuesday said China's ByteDance must deposit around $11 million that federal authorities believe the company owes in an alleged case of tax evasion, a setback for the firm which wanted to unblock its bank accounts to pay salaries.
SAN FRANCISCO (Reuters) - To understand President Joe Biden's challenge in taming a semiconductor shortage bedeviling automakers and other industries, consider a chip supplied by a U.S. firm for Hyundai Motor Co's new electric vehicle, the IONIQ 5.
A cross-party group of European lawmakers called on Friday for an EU ban on artificial intelligence (AI) systems that detect and label people according to gender or sexuality, saying the technology was ripe for abuse and could fuel discrimination.
TikTok and its Chinese version Douyin retained No 1 spot in global downloads in April with 59 million installs. The apps’ global monthly installs have fallen from the peak in 2020 amid political headwinds in the US and India.
(Reuters) - The Federal Reserve is exploring the technology that would be required to establish a central bank digital currency, but more research needs to be done before it would move forward with a currency, Boston Fed Bank President Eric Rosengren said on Wednesday.