China’s manufacturing activity ticked up in June but remained in contraction territory, official data showed on Monday, as the truce in its trade war with the United States held.The Purchasing Managers’ Index — a key measure of industrial output — came in at 49.7, according to the National Bureau of Statistics (NBS).The figure was higher …
China manufacturing shrinks in June despite trade war respite Read More »
Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial intelligence race, sparking doubt about the wisdom of the spree.OpenAI boss Sam Altman recently lamented that Meta has offered $100 million bonuses to engineers who jump to Zuckerberg’s ship, where hefty salaries await.A few OpenAI …
Meta spending big on AI talent but will it pay off? Read More »
President Donald Trump said Sunday a group of buyers had been found for TikTok, which faces a looming ban in the United States due to its China ties, adding he could name the purchasers in two weeks.”We have a buyer for TikTok, by the way,” Trump said in an interview on Fox’s Sunday Morning Futures …
Operations at Bangladesh’s biggest port were suspended on Sunday as a strike by customs officials brought shipping activity to a halt.The shutdown at Chittagong Port is part of an ongoing dispute between tax authority employees and the government, which is trying to overhaul the body.”The port typically handles around 7,000 to 8,000 containers daily… But …
The world’s most advanced AI models are exhibiting troubling new behaviors – lying, scheming, and even threatening their creators to achieve their goals.In one particularly jarring example, under threat of being unplugged, Anthropic’s latest creation Claude 4 lashed back by blackmailing an engineer and threatened to reveal an extramarital affair.Meanwhile, ChatGPT-creator OpenAI’s o1 tried to …
AI is learning to lie, scheme, and threaten its creators Read More »
President Donald Trump said Friday he is calling off trade negotiations with Canada in retaliation for taxes impacting US tech firms, adding that Ottawa will learn of their new tariff rate within a week.Trump was referring to Canada’s digital services tax, which was enacted last year and forecast to bring in Can$5.9 billion (US$4.2 billion) …
Trump ends trade talks with Canada over tax hitting US tech firms Read More »
Wall Street stocks finished at fresh records Friday as US-China trade progress restored the market to its heights prior to a spring swoon brought by President Donald Trump’s tariffs.Both the S&P 500 and Nasdaq finished at all-time highs following a roller-coaster session that included a stint in negative territory after Trump announced he was breaking …
US stocks back at records on US-China trade progress Read More »
Asian markets rose Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts. Easing concerns about Middle East tensions also added to the upbeat mood.With the Israel-Iran ceasefire holding for now, investors were able to turn their attention back to the economy and Donald Trump’s …
Stocks climb, dollar holds on trade hopes and rate bets Read More »
US Treasury Secretary Scott Bessent signaled Thursday that a deal is forthcoming among G7 nations allowing US firms to be excluded from certain taxes imposed by other countries.”After months of productive dialogue with other countries on the OECD Global Tax Deal, we will announce a joint understanding among G7 countries that defends American interests,” he …
US Treasury signals G7 deal excluding US firms from some taxes Read More »
The dollar hit a three-year low on Thursday as President Donald Trump eyed candidates to succeed Federal Reserve boss Jerome Powell, fueling bets of cuts to US interest rates.But Wall Street rose handsomely, lifting the S&P 500 to near a closing record, following solid earnings from chip company Micron and a signal that the White …
