US chip-maker Nvidia led a rout in tech stocks Monday after the emergence of a low-cost Chinese generative AI model that could threaten US dominance in the fast-growing industry.The chatbot developed by DeepSeek, a startup based in the eastern Chinese city of Hangzhou, has apparently shown the ability to match the capacity of US AI …
Nvidia loses $500 bn in value as Chinese AI firm jolts tech shares Read More »
Residents of the Afghan capital have complained of rising food prices as the local currency lost value against the US dollar in recent days. The currency fell to around 80 Afghanis to the dollar on Monday after hovering around 70 in recent weeks.Kabul residents have reported rising prices of basic goods and are concerned they will …
Afghans complain of rising food prices as currency loses value Read More »
The tech-rich Nasdaq tumbled early Monday as traders around Wall Street and other global bourses reacted to the emergence of a low-cost Chinese generative AI venture that has apparently overtaken US companies.DeepSeek, which was developed by a start-up based in the eastern Chinese city of Hangzhou, has shown the ability to match the capacity of …
Nasdaq slumps on Chinese AI upstart, Nvidia loses some $400 bn in value Read More »
European and Asian stock markets mostly slid Monday and Wall Street was forecast to open sharply lower on talk that a cheaper Chinese generative AI programme can outperform big-name rivals, notably in the United States.President Donald Trump’s threat to impose huge tariffs on Colombia in retaliation for its refusal to accept deportation flights from the …
Indebted Chinese property giant Vanke warned Monday of a major loss last year amid a continuing market slump, while also saying its CEO was resigning due to “health reasons”.Beijing has in recent years grappled with a prolonged crisis in the country’s vast real estate sector, once a key pillar of the economy but now beset …
Chinese property giant Vanke warns of huge loss, CEO resigns Read More »
Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to “health reasons”, after state-backed media reported he had been taken away by authorities.The company also warned on Monday of a net loss of approximately 45 billion yuan ($6.2 billion) last year.Chinese outlet the Economic Reporter this month cited sources as saying …
Chinese property giant Vanke warns of huge loss, CEO resigns Read More »
An Indian state announced Monday it had begun implementing a common civil code to replace religious laws, stoking fear among minority Muslims of a looming nationwide rollout by the Hindu-nationalist ruling party.Introduction of a Uniform Civil Code (UCC) to replace India’s patchwork of laws on marriage, divorce and inheritance has been a longstanding goal of Prime …
Indian state implements contentious common civil code Read More »
Asian markets mostly fell Monday on fresh trade fears after Donald Trump’s threat to impose huge tariffs on Colombia in retaliation for its refusal to accept deportation flights from the United States.Traders were also assessing the impact of a new, cheaper Chinese generative AI programme amid claims it can outperform big-name rivals and worries that …
Asian stocks drop as tariff fears return, new AI programme emerges Read More »
India’s efforts to pare back a longstanding reliance on Russian military hardware is bearing fruit after the courting of new Western allies and a rapidly growing domestic arms industry, analysts say.At a time when Moscow’s military-industrial complex is occupied with the ongoing war in Ukraine, India has made the modernisation of its armed forces a …
India boosts domestic arms industry and looks West to pare back Russia reliance Read More »
Higher US tariffs under President Donald Trump could accelerate a slump in the value of China’s currency, complicating recent efforts by Beijing to kickstart a rebound in its struggling economy, analysts warn.Just days after beginning his second term in the White House last week, Trump said he would impose a 10 percent levy on all …
Weak yuan, Trump tariff threats confound Beijing’s economic puzzle Read More »
