US limits TSMC chipmaking tool shipments to China

AFP|Published

The move comes as the US Commerce Department moved to end the "validated end-user" (VEU) program allowing select foreign semiconductor manufacturers to export US-origin ...

ChatGPT to get parental controls after teen's death

AFP|Published

The lawsuit alleges that in their final conversation on April 11, 2025, ChatGPT helped 16-year-old Adam steal vodka from his parents and provided technical analysis ...

Alibaba shows progress in China AI push, lifting shares

Published

Alibaba Group Holding's impressive revenue surge from China's AI boom has reassured investors amid fierce competition with Meituan and JD. com. With a triple-digit ...

DeepSeek fuels return to profit for Chinese tech champion Huawei

Bloomberg|Published

Huawei Technologies reports a remarkable first-half profit, rebounding from losses as DeepSeek ignites a revolution in AI across China. Despite a 32% drop in net ...

Sotheby’s to bring auctions to Abu Dhabi, eyeing local rich

Bloomberg|Published

This December, Sotheby’s will debut its first auction series in Abu Dhabi, showcasing luxury items and marking the emirate's rise as a global art destination

Japan's Mitsubishi pulls out of key wind power projects

AFP|Published

Mitsubishi's withdrawal from three offshore wind power projects marks a significant setback for Japan's renewable energy ambitions, as the company cites rising costs ...

Elon Musk’s xAI sues Apple and OpenAI in expanding fight over competition

Washington Post|Published

Elon Musk's xAI has launched a lawsuit against Apple and OpenAI, claiming collusion to stifle competition and seeking billions in damages. This legal battle intensifies ...

China Evergrande Group delisted from Hong Kong stock exchange

AFP|Published

Shares of China Evergrande Group, once a titan in the property market, have been delisted from the Hong Kong Stock Exchange, marking a dramatic turn in its financial ...

US Fed chair leaves door open to interest rate cut in key speech

AFP|Published

Jerome Powell, chair of the US Federal Reserve, hints at possible interest rate cuts in a crucial speech, while warning of rising inflation risks and a weakening ...

Less tax, more luxury: millionaires flock to Dubai

AFP|Published

The United Arab Emirates and particularly Dubai have long welcomed wealthy people from nearby countries, and people helping millionaires to move there told AFP it ...

Nvidia chief says H20 chip shipments to China not a security concern

AFP|Published

The California-based company produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns from ...

Trump says semiconductor tariffs coming soon

Published

US President Donald Trump is set to announce significant tariffs on steel and semiconductors, aiming to reshape the American economy. Discover how these impending ...

Australian court fines Qantas $59 million for illegal layoffs

AFP|Published

An Australian court has imposed a $59 million fine on Qantas Airways for illegally laying off 1,800 ground staff during the Covid-19 pandemic, marking a significant ...

Used Rolexes, Pateks are bright spot in struggling watch world

Bloomberg|Published

The luxury watch market is witnessing a surprising turnaround, with used Rolex and Patek Philippe timepieces leading the charge. Discover how the Bloomberg Subdial ...

Lindt weighs making chocolate bunnies in US as Trump tariffs hit

Bloomberg|Published

Swiss chocolatier Lindt & Spruengli is contemplating moving its iconic Easter bunny production to the US to navigate import tariffs imposed by the Trump administration. ...

Davos founder Schwab cleared of misconduct by WEF probe

AFP|Published

An investigation by the World Economic Forum has cleared founder Klaus Schwab and his wife of any wrongdoing, following serious allegations. Discover the details ...

AI startup Perplexity makes $34. 5 billion bid for Google’s Chrome browser

Bloomberg|Published

AI startup Perplexity has made a surprising $34. 5 billion bid for Google’s Chrome browser, anticipating potential antitrust requirements. What does this mean for ...

Milei’s FX reforms spur worst corporate default wave since 2020

Bloomberg|Published

Javier Milei’s reforms have stabilised Argentina’s foreign exchange market, but they also trigger the worst wave of corporate defaults since the pandemic, raising ...

Growthpoint announces leadership changes with Estienne de Klerk as new Group CEO

Edward West|Published

Growthpoint Properties has announced significant leadership changes, appointing Estienne de Klerk as Group CEO and José Snyders as Group CFO, effective from July ...