Home - CBSNews.com | Indictments announced against Chinese container firms for alleged price-fixing during COVID pandemic

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The U.S. Justice Department announced Tuesday that four Chinese shipping‑container manufacturers have been indicted for allegedly cutting production to unlawfully fix prices during the COVID‑19 pandemic; CBS News senior White House reporter Jennifer Jacobs provides further details on the case.

Read more: https://www.cbsnews.com/video/doj-announces-indictments-of-chinese-container-firms-for-alleged-price-fixing-during-covid-pandemic/

#JenniferJacobs #Chinesefirms

Indictments announced against Chinese container firms for alleged price-fixing during COVID pandemic

The Justice Department on Tuesday announced indictments against four Chinese shipping container manufacturers for allegedly cutting production to fix prices during the COVID-19 pandemic. CBS News senior White House reporter Jennifer Jacobs has more.

Times of India | Chinese court rules firms can't lay off workers on AI grounds

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A Chinese court – the Hangzhou Intermediate People’s Court – ruled that a tech company in eastern China illegally dismissed a worker who refused a demotion after his role was automated by artificial‑intelligence systems. The court found that the firm’s termination did not fall under permissible grounds such as genuine business downsizing or operational difficulties, and therefore violated labour‑law requirements. In a separate statement, it warned that companies cannot unilaterally lay off employees or cut salaries simply because of technological progress. The decision comes as Beijing pushes a state‑directed race to dominate AI while simultaneously seeking to preserve domestic labour‑market stability amid a slowing economy and rising youth unemployment.

Read more: https://timesofindia.indiatimes.com/business/international-business/chinese-court-rules-firms-cant-lay-off-workers-on-ai-grounds/articleshow/130726519.cms

#HangzhouCourt #Chinesegovernment #Chinesefirms #artificialintelligence #Youthunemployment

Chinese court rules firms can't lay off workers on AI grounds - The Times of India

International Business News: A Chinese court ruled that companies cannot terminate employees just to replace them with artificial intelligence systems, as authorities juggle the n.

The Times of India

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