As a surprisingly resilient economy avoided a recession, employment in the euro zone increased more than anticipated to a new record high last quarter, signaling stronger underlying inflation pressures that could keep interest rates high for longer. Although it was… Read More ›
Over the past week, major Chinese technology companies have revealed their plans to release ChatGPT-style products, joining the artificial intelligence arms race that the well-known chatbot has sparked. However, the biggest companies in China have not publicly stated that they… Read More ›
After a dry spell in the formerly brisk market, Chinese startups are once again raising millions of dollars through listings on the American stock market. Hesai Group, a supplier of “lidar” technology for autonomous vehicles, listed on the Nasdaq on… Read More ›
Even though VinFast, a Vietnamese manufacturer of electric vehicles, is reducing its workforce in North America, the company has stated that it is still on track to begin production in the United States by 2024. The nation’s first domestic automaker… Read More ›
Although Microsoft-backed OpenAI has restricted access to its popular ChatGPT app in China, the app is generating a lot of interest in the country, with companies rushing to integrate the technology into their products and launch competing solutions. While residents… Read More ›
After zero-Covid, some Chinese factories are not moving at full speed. According to CEO Jay Foreman, all 20 of the Chinese factories that U.S. toy manufacturer Basic Fun works with have instructed staff members not to report back to work… Read More ›
According to a Goldman Sachs research note, hedge funds betting against stocks globally exited those trades at the fastest rate since 2015, outpacing their exit from the meme stock frenzy two years ago. The latest short squeeze, which indicates that… Read More ›
According to a currently confidential United Nations report seen by Reuters on Monday, North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defense companies. “(North Korea) used increasingly… Read More ›
According to an early draft of a global pandemic agreement, governments may have to reserve drugs and vaccines for the World Health Organization to distribute in poorer countries to avoid a repeat of the “catastrophic failure” during the COVID-19 pandemic…. Read More ›
The Federal Reserve said on Wednesday that it had turned a key corner in the fight against high inflation, but that “victory” would still necessitate raising its benchmark overnight interest rate further and keeping it there at least until 2023…. Read More ›
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