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Northvolt receives EU funding for German battery plant

The Swedish company Northvolt is expected to be allowed to manufacture batteries for electric vehicles in Schleswig-Holstein starting in 2026. The German car industry hopes that this will reduce its dependence on Asia.

By Fabian Peltsch

Nvidia

Nvidia produces AI chips for the Chinese market

US chip manufacturer Nvidia plans to mass-produce AI chips for the Chinese market in 2024. The downgraded chips comply with US export regulations, but many Chinese companies consider them too slow.

By Fabian Peltsch

epa10994134 Karenni Nationalities Defence Force (KNDF) solidIers check their weapons at a camp near Loikaw city, Karenni state, Myanmar, 11 November 2023 (issued 25 November 2023). According to a report released by the United Nations (UN) on 23 November 2023, nearly 335,000 people in multiple states and regions have been newly displaced due to the escalation of fighting between Myanmar Armed Forces (MAF) and various armed groups, including Ethnic Armed Organizations (EAOs) and People's Defence Forces (PDFs) since 26 October.  EPA-EFE/MIN HTET SAN

Rebels capture town on Chinese border

A rebel alliance in Myanmar has captured the important town of Laukkai on the northern border with China. The city of 23,000 inhabitants is important for cross-border trade.

By Fabian Peltsch

Ministry expects more tourists in 2024

China wants to attract more tourists and supports the industry with aid money and tax breaks. The Ministry of Tourism expects an upturn in the number of travelers in 2024.

By Fabian Peltsch

Huawei abandons PR efforts in the US

The chances of Huawei regaining authorization as a telecommunications supplier on the US market appear slim. As a result, the company cuts back on some of its public relations expenses.

By Finn Mayer-Kuckuk

HUAIAN, CHINA - DECEMBER 06: Aerial view of Evergrande Metropolis or Evergrande Mingdu housing complex on December 6, 2021 in Huaian, Jiangsu Province of China. PUBLICATIONxINxGERxSUIxAUTxHUNxONLY Copyright: xVCGx CFP111360592090

Provinces prop up fragile banks

Last year, China increased aid for regional banks and issued earmarked bonds worth a record 28 billion euros to stabilize small lenders in the real estate crisis.

By Redaktion Table