Month: April 2021
Clean tech: The last green energy boom turned to bust
One area of particular concern is the sheer number of clean tech startups taking advantage of special-purpose acquisition companies, which have grown increasingly popular on Wall Street. These “blank check” firms get funding…
First chips, and now automakers face a new shortage: rubber
Automakers struggling with pandemic-induced plant shutdowns and a global chip shortage are now confronting another supply chain headache: dwindling rubber supplies. Dwindling rubber supplies Automakers struggling with pandemic-induced plant shutdowns and a global…
Alibaba: Antitrust penalty won’t bring ‘material negative impact’
The State Administration for Market Regulation on Saturday announced a fine worth 18.2 billion yuan ($2.8 billion) against Alibaba for abusing its dominant position over rivals and merchants on its e-commerce platforms. Alibaba…
China Approves Merger of Chemical Giants, Creating $150 Billion Company
China approved a merger between the country’s top two chemical companies, paving the way for another supersize state-run enterprise that Beijing hopes will become a dominant global player. The combination, which has been…