China’s rubber-stamp parliament, the National People’s Congress (NPC), wraps up on Monday, capping what is expected to be the biggest government reshuffle in a decade after setting a modest target for annual economic growth. Coming months after President Xi Jinping secured a norm-breaking third term as supreme leader, the sessions will further consolidate his authority […]
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China has unveiled plans for a sweeping central government reorganisation at its annual parliament session, including the formation of a financial regulatory body and national data bureau and a revamp of its science and technology ministry. Here are the main changes and what they mean. WHAT DOES THE RESTRUCTURING INVOLVE? A new national financial regulatory […]
China will form a new national financial regulatory body, consolidating oversight and replacing its banking and insurance watchdog as part of a wider government overhaul announced on Tuesday that includes plans for a national data bureau. The financial regulation proposal, presented to China’s parliament during its annual meeting, would bring supervision of the industry, excluding […]
Global energy-related emissions of carbon dioxide hit a record high last year, although more clean technology such as solar power and electric vehicles helped limit the impact of increased coal and oil use, the International Energy Agency (IEA) said on Thursday. Deep cuts in emissions, mainly from burning fossil fuels, will be needed over the […]
South Korean President Yoon Suk-yeol said on Wednesday that trilateral cooperation with the United States and Japan has become more important than ever to overcoming North Korea’s growing nuclear threats and other crises. Yoon spoke at an event commemorating the country’s historic March First independence movement against Japan’s 1910-1945 occupation of Korea. “Japan has transformed […]
U.S. chipmaker Broadcom is set to receive a European Union antitrust warning about the possible anti-competitive effects of its proposed $61 billion bid for cloud computing company VMware in the coming weeks, people familiar with the matter said. The European Commission opened an investigation in December, saying the deal, announced last year, would allow Broadcom […]
There is no clear winner in the french telecom sector. Yet one operator may be ahead in the race. It is not over yet. Telecom wars are more of a marathon, and the french telecom scene is no different. While Orange is a legacy name with significant backing and funds, SFR is still doing well. […]
Microsoft Corp has struck a 10-year deal to bring “Call of Duty” and other Activision games to Nvidia Corp’s gaming platform if the Xbox maker is allowed to complete its much-contested $69 billion acquisition of Activision. Regulators and competitors like Sony have come out hard against the proposed Microsoft-Activision tie-up. The move may allay concerns […]
Deutsche Telekom, Orange, Telefonica and Vodafone’s plan to take on Big Tech with their own advertising joint venture is set to win unconditional EU antitrust approval, people familiar with the matter said. The joint venture marks the telecoms sector’s first attempt to take on Meta and Alphabet’S Google in the lucrative online advertising sector and […]
What started as a fantastic concept in the first half of the 20th century quickly became a part of humans’ daily lives, from home to work and everywhere. In 1950, Alan Turing proposed the possibility of computing machinery to emulate human learning, now known as “machine learning” (ML). However, it wasn’t until five years later […]