There is growing optimism regarding the transformative potential of generative artificial intelligence. We’re only getting started with this AI computing ramp, as Nvidia CEO Jensen Huang recently stated to CNBC’s Jim Cramer following the announcement of a new generation of… Read More ›
Huawei, a Chinese telecoms giant, reported on Friday that improved product offerings contributed to a more than doubled net profit for 2023. The corporation further ascribed the profit increases to a 9.6% yearly increase in revenue, or 704.2 billion yuan… Read More ›
US Treasury Secretary Janet Yellen has cautioned that China is using the global economy as a dumping ground for its cheaper renewable energy products, lowering market prices and hurting green manufacturing in the United States. “I am concerned about global… Read More ›
China will remove anti-dumping and anti-subsidy taxes on Australian wine on March 29, the Chinese commerce ministry announced on Thursday, capping three years of punishing penalties and providing long-awaited relief to Australian wine producers. The tariffs of up to 218.4%… Read More ›
A Chinese company has acquired the technology that allowed for the successful test-flight of a flying car, which was first developed in Europe. In 2021, the AirCar used runways for takeoff and landing as it travelled 35 minutes between two… Read More ›
Russian oil companies may have to wait many months to get paid for fuel and crude as banks in China, Turkey, and the United Arab Emirates (UAE) grow increasingly cautious about secondary sanctions imposed by the United States, according to… Read More ›
As funding demands rise and the European Central Bank pulls back, hedge funds are flooding the $10 trillion euro zone government bond market with capital, seeing possibilities. Traders and authorities claim that the funds are acquiring a sizable portion of… Read More ›
With a rise in temperature, there was a higher than anticipated boost in manufacturing in U.S. factories in February. However, high rates of interest still constrains manufacturing resulting in a sharp downwards revision of the manufacturing data for the prior… Read More ›
Around one million metric tonnes of Australian wheat shipments have been cancelled or delayed by Chinese wheat importers, according to trade sources with firsthand knowledge of the agreements, as rising global inventories drive down prices. The announcement of the actions… Read More ›
Revised official data released on Monday indicated that Japan’s economy escaped a technical recession, despite the fact that the fourth quarter’s upward change was less dramatic than anticipated and raised questions about the country’s sluggish economic recovery. The Cabinet Office… Read More ›
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