In an effort to persuade foreigners to continue investing in the second-largest economy in the world despite its recent weakness and mounting geopolitical tensions, China’s
Category: WORLD NEWS
Elon Musk establishes the AI firm xAI to overrun OpenAI and ChatGPT.
The multibillionaire businessman Elon Musk unveiled his long-rumored artificial intelligence startup xAI on Wednesday. He also introduced a team of engineers from the same major
U.S-China chip war: China adopts chiplet technology to drive domestic semiconductor industry.
The sale of patents by struggling Silicon Valley business zGlue in 2021 was unremarkable save for one detail: 13 months later, startup Chipuller in southern
China Big Tech crackdown: Market value of $1.1tr lost.
Since the government’s regulatory crackdown on the sector started more than two years ago, China’s largest tech businesses have lost more than $1 trillion in
UN raises alarm that development goals for 2030 are in jeopardy, as 575m people will live in extreme poverty.
In a report released on Monday, the U.N. cautioned that if global progress continues at the current rate, 575 million people will still be living
Bank of America was fined $100m for illegal transactions and undermining customer trust.
Customers are entitled to more than $100 million in compensation from Bank of America for double-dipping on some fees, withholding bonus points, and creating accounts
India’s chip making ambitions collapse as Foxconn pulls out of the $19.5b Vedanta deal.
In a setback to Prime Minister Narendra Modi’s intentions for Indian chip manufacturing, Taiwan’s Foxconn has pulled out of a $19.5 billion semiconductor joint venture
Swiss government blocked Saudi National Bank from acquiring a stake of 40% in Credit Suisse.
The Swiss regulator FINMA forbade Saudi National Bank from increasing its ownership in Credit Suisse from 9.88% to around 40%, according to a story in
China sets new rules to protect investors and promote innovation for the $2.9tr private investment fund sector.
To better protect investors and foster innovation, China announced regulations for the $2.9 trillion private investment fund industry on Sunday. According to a statement from
Brexit fallout: Britain anxious to use pension funds for infrastructure, venture capital, and green technology.
In its next phase of post-Brexit reforms, Britain will attempt to persuade pension plans to spend billions of pounds on infrastructure and start-ups, despite the
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