Electric air transport vehicles, hailed as the mobility of the future for cities, were on display at the Singapore Airshow among displays of defence jets, passenger aeroplanes and cutting-edge aviation technology. Electric vertical take-off and landing, or eVTOL, vehicles are… Read More ›
According to four sources, a group of China South City’s offshore creditors want to sue the developer’s largest state-owned shareholder for unpaid debts. This will be the first case of its kind in the troubled real estate market. Creditors consider… Read More ›
On Saturday, chipmaker TSMC will officially open its first plant in Japan, underscoring the Taiwanese company’s pivotal position in Tokyo’s multibillion-dollar attempts to revive its once-dominant semiconductor manufacturing sector. Tokyo’s rising anxiety over China’s expanding technological superiority and the Taiwan… Read More ›
In what is being viewed as the latest setback in its attempts to overtake rivals OpenAI and Microsoft, Google has decided to halt its artificial intelligence tool that generates images of individuals based on historical depictions that contain errors. Google… Read More ›
According to Intel, Microsoft intends to use its services for the production of a custom computing chip. The business anticipates surpassing Taiwan Semiconductor Manufacturing Co., its main competitor in the advanced chip manufacturing market, by 2025, having met an internal… Read More ›
As the price of the component used in nuclear fuel spikes, investment banks Goldman Sachs and Macquarie together with a few hedge funds are preparing themselves to profit from a newly buoyant uranium sector. Five industry and hedge fund sources… Read More ›
As a result of low external demand, cautious consumers, and high borrowing costs impeding domestic investment, Germany is most likely currently experiencing a recession, the Bundesbank stated on Monday in its customary monthly assessment on the continent’s largest economy. Germany’s… Read More ›
While a rate cut by the US Federal Reserve later this year may not be good news for the dollar, certain Asian currencies could profit. A nation’s currency gains value when interest rates rise, drawing in foreign capital and boosting… Read More ›
In a letter to Belgium’s foreign minister, the European retail sector association Eurocommerce stated that the Red Sea situation had already had “massive impacts” on businesses and urged EU institutions and member states to resolve it in order to restore… Read More ›
The successful Russian branch of the Oreo cookie manufacturer Mondelez has appointed new management, according to two confidential company memos obtained by Reuters that provide new information about a corporate reorganisation in Europe. The Chicago-based Mondelez company halted advertising in… Read More ›
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