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Business and Economy Latest News
TSMC applies for 'permanent' permit to export US equipment to China factory
Taiwanese semiconductor giant TSMC said Friday it has applied for -- and expects to receive -- permanent authorisation from Washington to allow the export of US chip-making equipment to its China-based factory. After South Korea announced Monday its chip giants had received the US green light to send equipment to China, attention turned to the Taiwanese firm.
Borrell says trust between EU, China 'eroded'
EU foreign policy chief Josep Borrell warned Friday that trust between the bloc and China had been eroded, blaming the trade imbalance between the two on "difficulties" faced by European companies in the world's second-largest economy. "Trust is at the core of any human relationship, and... common trust has been eroded," Borrell told an audience at Peking University in the Chinese capital Friday.
'Licence to hide': Western plastic waste dumped in Myanmar
In a working-class neighbourhood of Myanmar's Yangon, plastic waste is piled a metre high, the toxic product of what a recent investigation said is rampant dumping of Western trash. Locals in Shwepyithar told AFP that much of the waste dumped in their neighbourhood came from recycling factories in a nearby industrial zone.
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