UK Business Secretary Kwasi Kwarteng, who ordered the national security assessment of Newport Wafer Fab, is pictured leaving 10 Downing Street in London. Photo: Bloomberg
UK orders security review for Chinese takeover of chip maker Newport Wafer Fab

Assessment of US$79 million acquisition of Britain’s biggest semiconductor maker comes under new powers conferred by National Security and Investment Act and follows criticism of apparent government inaction.

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AliExpress Russia is reportedly laying off some employees as tensions rise between Russia and the West over the war in Ukraine. Photo: TASS
Job cuts reported at Alibaba e-commerce venture in Russia

AliExpress Russia, the e-commerce joint venture between Alibaba Group Holding and Mail.ru Group, has begun a wave of lay-offs, according to a Russian newspaper report.

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