Surging chip stocks are warping stock markets globally. US-based Micron Technology on Tuesday hit a $1 trillion market value on strong demand for its memory chips; the tech-driven surge pushed US stock indices to new highs, despite the latest US strikes on Iran. Chip giant TSMC’s rally largely drove Taiwan ...
BP ousts chair over conduct concernsBP ousts chair over conduct concerns
BP on Tuesday abruptly ousted its chairman, citing “serious” governance and conduct concerns. Albert Manifold had taken his post at the British oil major just months ago, with plans to accelerate the company’s turnaround following years of turmoil. Bloomberg reported there had been complaints of Manifold showing aggressive behavior toward ...
China’s AI talent war heats upChina’s AI talent war heats up
China and its tech giants are racing to protect their top AI talent, as competition intensifies at home and with the US. Beijing is restricting overseas travel for AI officials at Alibaba and DeepSeek — similar to rules for academics and nuclear scientists — in an effort to secure its ...
Labour has ‘no coherent plan’ for country, says BlairLabour has ‘no coherent plan’ for country, says Blair
The ex-Labour PM says Sir Keir Starmer’s government is in the “wrong position” ahead of the next election. ...
Lyft is coming for corporate travelLyft is coming for corporate travel
The Scene As Lyft tries to climb out of Uber’s shadow, the ride-share company is going after the high-end travel market. CEO David Risher said he’s already speaking with CEOs like United Airlines’ Scott Kirby about bundling Lyft with other corporate travel perks. “Maybe it looks like: get a first-class ...
China cracks down on cross-border stock tradingChina cracks down on cross-border stock trading
Worried about “hot money” outflows, Chinese regulators are cracking down on illegal cross-border stock trading. The move — in which officials have targeted brokerages offering investors an easier and cheaper way to get capital out of China than through official channels — has already hit Chinese mainland companies listed on ...
Iran is using Chinese censorship techIran is using Chinese censorship tech
Iran is using Chinese hardware to strengthen its censorship capabilities, further proof that Beijing is exporting the technology that powers its cutting-edge firewall. Since the start of US-Israeli attacks in February, Tehran has essentially cut Iranians off from the web, reshaping the country’s economy in the process. Authorities now plan ...
Chinese AI startup DeepSeek slashes price of flagship modelChinese AI startup DeepSeek slashes price of flagship model
Chinese AI startup Deepseek made a 75% discount on its flagship model permanent, intensifying an AI price war. Chinese labs are increasingly looking to compete with their global peers for customers, and cost is a big part of the equation: DeepSeek’s offering is more than 10 times cheaper than OpenAI’s. ...
China is fast building its fourth, and likely biggest, aircraft carrierChina is fast building its fourth, and likely biggest, aircraft carrier
China’s armed forces are fast building the country’s fourth aircraft carrier, which experts said showcased Beijing’s impressive industrial base. Details about the vessel are scarce, the Center for Strategic and International Studies said in a post about the secretive project, but progress has been steady. It is very likely to ...
America’s ugliest primary? Texas Republican infighting could hand Senate seat to DemocratAmerica’s ugliest primary? Texas Republican infighting could hand Senate seat to Democrat
Scandal-plagued Ken Paxton has won Trump’s backing over John Cornyn – but he might lose against James Talarico, a Democrat with a groundswell of popularity Ken Paxton, the state attorney general, takes on four-term incumbent John Cornyn on Tuesday in the ugliest primary election of the year. The winner of ...