By Brenda Goh SHANGHAI (Reuters) -China said on Saturday it wanted to create an organisation to foster global cooperation on artificial intelligence, positioning itself as an alternative to the U.S. as the two vie for influence over the transformative technology. China wants to help coordinate global efforts to regulate fast-evolving AI technology and share the …
China proposes new global AI cooperation organisation Read More »
(Reuters) -Chinese robotaxi operator Pony AI said on Saturday it had received a permit to provide fully driverless commercial robotaxi services in Shanghai’s Pudong financial district. Pony AI will launch fully driverless ride-hailing services in the city, starting in the core business district of Jinqiao and Huamu before expanding to other regions, the company said …
Pony AI says it has permit for driverless robotaxi services in Shanghai area Read More »
By Clare Jim, Scott Murdoch and Davide Barbuscia HONG KONG (Reuters) -CK Hutchison’s plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended. The Hong Kong conglomerate’s …
CK Hutchison ports deal deadline likely to be extended as geopolitics weigh, sources say Read More »
(Reuters) -Microsoft is investigating whether a leak from its early alert system for cybersecurity companies allowed Chinese hackers to exploit flaws in its SharePoint service before they were patched, Bloomberg News reported on Friday. A security patch Microsoft released this month failed to fully fix a critical flaw in the U.S. tech giant’s SharePoint server …
By Natalia Siniawski MEXICO CITY (Reuters) -Mexico’s antitrust watchdog COFECE has found that 21 banks and financial institutions operating in the country are likely responsible for fixing fees related to deferred credit card payments, according to a document produced by the government agency that was seen by Reuters. The 649-page document outlining the findings and …
Exclusive-Mexico’s antitrust watchdog accuses banks of joint price fixing Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced and the dollar firmed on Friday as investors girded themselves for the week ahead, which includes a Federal Reserve policy meeting, crucial corporate results and U.S. President Donald Trump’s August 1 deadline for negotiating trade deals. “There’s increasing confidence that the economy won’t be derailed by …
Wall Street ends higher, dollar firms ahead of a big week for market risk Read More »
(Reuters) -The Shanghai Stock Exchange plans to facilitate more companies to issue bonds and attract investors with a new framework for such issuances, two sources said, as China looks to boost funding options for the private sector to revive its economy. Fifty-three bonds worth 37 billion yuan ($5.2 billion) have been sold so far under …
By Ju-min Park and Joyce Lee SEOUL (Reuters) -South Korea and the United States have been discussing a shipbuilding tie-up that could include investments to modernise U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms, government and industry sources said. U.S. President Donald Trump, who has made …
South Korea seeks to leverage Trump’s focus on shipbuilding in tariff talks Read More »
BEIJING (Reuters) -Billionaire Elon Musk’s Tesla outperformed Chinese rivals including BYD, Xiaomi and Huawei in a test of assisted driving technologies on China’s highways, according to results published by TikTok owner Bytedance’s auto unit Dcar. State television CCTV and Dcar jointly tested the level 2 advanced driving assistance systems (ADAS) from more than 20 electric …
By Chen Aizhu and Trixie Yap SINGAPORE (Reuters) -PetroChina has made the final investment decision to build a new multi-billion-dollar refinery and petrochemical complex in northeast China’s Dalian, following recent closure of a nearby old plant, according to a company official and two industry sources. The new complex comprises a 200,000-barrel per day crude oil …
PetroChina approves new northeast refinery complex, sources say Read More »
