At first glance, the office desk could belong to any Chinese executive — an ashtray, mini-flags, a golden sculpture inscribed with the character for “integrity”, and a picture of a local celebrity.Instead, it is part of a defiant art show challenging Hong Kong’s stuffy power structures, held in an office tower at the heart of …
‘Rigid’ Hong Kong office turned into artists’ satire Read More »
Chinese internet search giant Baidu released a new artificial intelligence reasoning model Sunday and made its AI chatbot services free as ferocious competition grips the sector.Technology companies in China have been scrambling to release improved AI platforms since start-up DeepSeek shocked its rivals with its open source and highly cost-efficient model in January.Baidu announced in …
China’s Baidu releases new, free AI model to compete with DeepSeek Read More »
Hong Kong conglomerate CK Hutchison is under renewed pressure from Beijing after selling its Panama Canal ports, with Chinese authorities publishing newspaper criticism of the deal for the second time in three days.Last week the business empire of Hong Kong’s richest man, Li Ka-shing, sold most of its ports operations — including those in the …
Hong Kong’s Hutchison under fire again for Panama ports deal Read More »
The creation of a “Strategic Bitcoin Reserve” in the United States is further proof of President Donald Trump’s support for the cryptocurrency sector.Trump earlier this month signed an executive order establishing the reserve, which White House crypto chief David Sacks has likened to “a digital Fort Knox”, comparing it to the stockpiling of gold bars …
Tariffs imposed by the Trump administration will not eject fast-fashion juggernaut Shein from the US market, its executive chairman Donald Tang has told AFP.The head of the online platform, which has come in for scrutiny over its environmental footprint and allegations of human rights violations, also insisted that the company does not use forced labour.- …
Shein says US tariff hit won’t stop fast-fashion flood Read More »
Gold rose above $3,000 for the first time Friday as President Donald Trump’s trade wars boosted demand for safe-haven assets, while stock markets bounced on signs US lawmakers would avert a government shutdown.Major US indices opened higher and remained in positive territory through the day, shrugging off a downcast reading on US consumer sentiment.European stock …
Gold tops $3,000 for first time on Trump tariff war, stocks rebound Read More »
China-based DeepSeek shook up the world of generative artificial intelligence (GenAI) early this year with a low-cost but high-performance model that challenges the hegemony of OpenAI and other big-spending behemoths.Since late 2022, just a handful of AI assistants — such as OpenAI’s ChatGPT, Anthropic’s Claude, and Google’s Gemini — have reigned supreme, becoming ever more …
German automaker BMW warned Friday that it would take a big hit from trade wars between the United States, China and Europe this year, on top of weak Chinese demand, after profits plunged in 2024.Finance chief Walter Mertl said at the presentation of BMW’s annual results that US tariffs on steel and aluminium, in place …
BMW expects big hit from tariffs after 2024 profits plunge Read More »
Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.The world’s largest contract electronics manufacturer has been moving beyond assembling devices such as Apple’s iPhones into areas ranging from electric vehicles to AI servers.The company said full-year net …
Taiwan tech giant Foxconn’s 2024 profit misses forecasts Read More »
Asian investors fought Friday to grind out gains at the end of a painful week for markets as they welcomed signs US lawmakers will avert a government shutdown but remained fearful over Donald Trump’s trade war.Equities have been pummelled in recent weeks and gold pushed to a record high by concerns about a US recession …
Most Asian markets rise on hopes for bill to avert US shutdown Read More »
