U.S. Bans Sale of Telecom Equipment from Huawei, ZTE
The move comes after Washington's years-long efforts to address concerns that the Chinese companies' equipment could be used by Beijing to spy on Americans.
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Protests Spread Across China as Xi’s Covid Policy Fuel Discontent
In an extremely rare display of open defiance, protesters criticized the government and some called for Xi to step down.
Apple iPhone Supplier in China Offers $1,800 Bonuses for Workers to Stay at Factory
Foxconn is offering the bonuses to keep workers at factory in Zhengzhou, home to the world’s largest iPhone assembly where workers have protested pay and Covid working conditions.
Shopify Sees Bigger Black Friday Orders, More In-Store Sales Versus Last Year
Shopify sellers saw a 9% increase in the average Black Friday order price this year, up to $109.60. Despite the increase, sales volumes haven’t reached the same peak as 2021 as inflation continues to squeeze shoppers.
Meituan’s Revenue Rises 28% as Covid Lockdowns Boost Food Delivery Demand
Meituan's solid growth stands out when most other Chinese internet giants are struggling to cope with the country's economic slowdown.
Elon Musk Says Twitter Will Offer Amnesty to Some Suspended Accounts
Musk's decision to reinstate more suspended Twitter accounts comes after the app recently reinstated Donald Trump's account.
Apple Faces Further Setbacks After Thousands of Workers Leave iPhone Factory
The workers left a Foxconn factory in China after unrest over pay and working conditions under Covid lockdowns.
Yandex Dutch Parent Company Wants to Cut Ties With Russia Units
The Dutch owner of Yandex, dubbed Russia’s Google, wants to insulate itself from its Russian units to protect its artificial intelligence and autonomous driving ventures.
Foxconn Offers Workers $1,400 to Contain Protests at iPhone Factory in China
The move comes after violent protests erupted at the world's largest iPhone factory over unpaid wages and tough Covid-19 restrictions.
Genesis Approached Binance, Apollo as it Struggles to Raise Cash
The crypto firm has been looking for a lifeline after halting customer withdrawals last week.
Senators Urge Amazon to Up Safety Measures After Worker Deaths
Three people died at Amazon facilities in New Jersey over the summer.
U.S. House Republicans Accuse TikTok of Giving Misleading Information on Data
A letter from Republican representatives Cathy McMorris Rodgers and James Comer said the Chinese social media giant shared information that was “untrue or misleading.”
Violent Protests Erupt at Largest iPhone Factory in China
The protests, which came after weeks-long Covid restrictions at the factory due to an outbreak, highlight the risks facing Apple in China.
FTX Lawyer Says “Substantial Amount” of Assets Missing from Company in Hearing
FTX owes its top 50 creditors more than $3.1 billion and has roughly $1.24 billion in cash, according to court filings.
Bankruptcy Filing Shows FTX Has $1.24 Billion Cash Balance
The court filing estimated that FTX would spend $23 million on salaries and benefits, vendor payments and other costs over the next five weeks.
China Plans to Fine Ant Group More Than $1 Billion
The penalty, which could be finalized as early as the second quarter of next year, could pave the way for Ant to seek to go public in the future.
JD.com Cuts Senior Managers’ Salaries As Much as 20% to Help Fund Employee Benefits
The cuts ranging from 10% to 20% come amid China’s push for “common prosperity” including targeting “excessive” banker salaries to address income inequality.
Twitter to Hold Off Relaunching Verification System
Musk had said Twitter would relaunch the verification system on Nov. 29 but now he says the timing is unclear.
Zoom Shares Drop 5% As Sales Slowdown Continues
Zoom has had a rough year with shares down 56% so far, but one ray of hope is the growth of its sales to large corporate customers.
Musk Appoints New Head of Ads After Firing Former Sales Lead
The company has lost a string of high-profile executives in recent weeks.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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