The Federal Communications Commission (FCC) on Friday added Russia’s AO Kaspersky Lab, China Telecom (Americas) Corp and China Mobile International USA to its list of communications equipment and service providers deemed threats to U.S. national security. The regulator last year designated five Chinese companies including Huawei Technologies Co and ZTE Corp as the first firms […]
Reuters
World stocks are headed for a second consecutive week of gains for the first time in 2022 though sentiment was broadly cautious as markets evaluated the economic risks from the Federal Reserve’s policy tightening and Russia’s war in Ukraine. Technology shares in Hong Kong led losers and weighed on the broader market after U.S. regulators […]
A year ago Tesla dismissed the alternative path of electric car battery swapping as “riddled with problems and not suitable for widescale use”. It seems Beijing disagrees. In fact, China is pushing hard for swappable batteries for electric vehicles (EVs) as a supplement to regular vehicle charging, with the government throwing its weight behind several […]
Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, said on Thursday it would begin drilling in Greenland for critical materials used in electric vehicles. KoBold, which uses artificial intelligence and machine learning to hunt for raw materials, last year secured a 51 percent stake in the Disko-Nuussuaq project on […]
Toshiba Corp shareholders on Thursday voted down competing proposals – one presented by management and the other backed by activist shareholders, leaving the future direction of the embattled Japanese conglomerate uncertain. Management’s plan to spin off Toshiba’s devices unit and the separate call to seek buyout offers had both failed to gain the required 50 […]
Ukraine is using facial recognition software to identify the bodies of Russian soldiers killed in combat and to trace their families to inform them of their deaths, Ukraine’s vice prime minister told Reuters. Reuters exclusively reported that Ukraine’s Ministry of Defense this month began using technology from Clearview AI, a New York-based facial recognition provider […]
Banks in Asia are “falling short” when it comes to meeting global pledges to tackle climate change and aligning with the decarbonization aims of their countries, according to a study published on Wednesday. Nearly 200 countries signed a pact in Glasgow last year calling on banks and financial institutions across the world to mobilize more […]
China’s top economic planner announced a target on Wednesday to produce up to 200,000 tonnes per year of green hydrogen, a zero-carbon fuel generated from renewable energy sources, by 2025, but envisions a more widespread industry over the long term. The country aims to produce 100,000 tonnes to 200,000 tonnes of green hydrogen a year […]
Europe’s attempt to set landmark rules for artificial intelligence should take a positive approach to reap the benefits of the technology rather than restrict it, European Parliament lawmaker Svenja Hahn said on Tuesday. The European Commission last year proposed its AI rules in a bid to take the lead in a technology dominated by China […]
China’s Tencent Music will pursue a secondary listing of its shares on the Hong Kong Stock Exchange, the company said on Monday, after reporting a 15 percent fall in revenue at its mainstay social entertainment services business While most of Tencent Music users are in its music streaming unit, social entertainment services including karaoke platforms […]