The European Union’s energy ministers are likely to grant final approval on Tuesday to the bloc’s rule to phase out new CO2-emitting cars by 2035, after Germany obtained an exemption for e-fuel vehicles. The vote is taking place three weeks… Read More ›
Regulations & Legal
Jack Ma, The Founder Of Alibaba, Returned To China After Months Away, A Sign That Beijing May Be Warming To Technology
After spending months overseas, Alibaba founder Jack Ma has been spotted in China, possibly indicating that Beijing is warming up to technology titans once more following an almost 18-month crackdown on the industry. According to a WeChat post from the… Read More ›
China’s Baidu Reveals Additional Features For Its AI-Driven Chatbot Ernie
On Monday, the Chinese search engine Baidu posted recorded videos of Ernie, an AI-powered chatbot, summarizing financial statistics and creating PowerPoint presentations, among other business-focused functions. Images posted by a Baidu representative in a media-focused group on WeChat, China’s most… Read More ›
Semiconductor Chip Manufacturing Giant Nvidia Believes Cryptocurrencies Do Not Benefit Society
Even if the US chipmaker Nvidia’s potent processors are sold in vast amounts to the industry, the corporation has claimed that cryptocurrencies do not “deliver anything good for society.” Other applications of computing power, such the artificial intelligence chatbot ChatGPT,… Read More ›
Chinese Economic Recovery’s Core Is Not Strong Enough, A Party Official Claims
A senior Communist Party official warned on Saturday that China’s economic recovery’s base is not strong enough and warned of potential spillover consequences from the world’s economic issues. Han Wenxiu, deputy chairman of the party’s office for finance and economic… Read More ›
Deutsche Bank Stocks Declined As Anxious Investors Look For Safer Havens
Investors’ concerns that regulators and central banks have yet to manage the greatest shock to the industry since the 2008 global financial crisis caused shares of Germany’s largest bank, Deutsche Bank, to fall on Friday. Despite assurances from policymakers that… Read More ›
Five Takeaways From Congressional Examination Of TikTok CEO Shou Zi Chew
Shou Zi Chew, the CEO of TikTok, was grilled by a US congressional investigators for four and a half hours on Thursday. Other people can run marathons faster than that, as one legislator noted. Chew will undoubtedly feel it after a… Read More ›
Despite British Consumers Being Short On Cash, Retail Sales See A Rebound
Cash-strapped In contrast to eating out and ordering takeout last month, British consumers purchased at sales and grocery stores, which unexpectedly increased retail sales, according to government figures released on Friday. According to the Office for National Statistics, British retail… Read More ›
Though TikTok Seeks To Distance Itself From China, Beijing Keeps Interfering
The government’s relationship with the social media behemoth, which is making a concerted effort to separate itself from Beijing authorities, is made plain by China’s declaration that it would “seriously oppose” a forced sale of TikTok. The Chinese rule on… Read More ›
“Vampiric Overconsumption” Is Depleting The World’s Water Supplies, Warns The UN
The United Nations urged states to better manage one of humanity’s shared resources on Wednesday during its first meeting on water security in nearly 50 years. According to the U.N., half of the world’s population lacks access to basic sanitation,… Read More ›