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Saudi Prince Seeks Mideast Leadership, Independence With Xi’s Visit

Crown Prince Mohammed bin Salman hosts China’s leader this week at a delicate moment in U.S.-Saudi ties, signalling Riyadh’s resolve to navigate a polarised global order regardless of the wishes of its Western allies, analysts said. The ruler of the oil giant has made a comeback on the world stage following the 2018 murder of […]

SpaceX Gets U.S. Approval to Deploy up to 7,500 Satellites

The U.S. Federal Communications Commission (FCC) said on Thursday it approved SpaceX’s bid to deploy up to 7,500 satellites, but put on hold some other decisions. SpaceX’s Starlink, a fast-growing network of more than 3,500 satellites in low-Earth orbit, has tens of thousands of users in the United States so far, with consumers paying at […]

India’s Digital Rupee Fails to Excite Interest, Bankers Say

A month into India’s pilot project for using an official digital rupee for inter-bank and institutional transactions, stakeholders are seeing no benefits, several bankers said. Seven bankers told Reuters that using the e-rupee of the Reserve Bank of India (RBI) was much the same as internet-based banking that users were already satisfied with. The RBI […]

Explainer-Why the U.S. Inflation Reduction Act Has Europe up in Arms

French President Emmanuel Macron will use a state visit to Washington this week to press European Union concerns about the United States’ huge new green energy subsidy package. While EU countries welcome the new commitment to energy transition, they fear the $430 billion Inflation Reduction Act will put their companies at an unfair disadvantage. WHY […]

Behind Foxconn’s China Woes: Mistrust, Miscommunication, COVID Curbs

When officials from his Chinese village approached Hou last month, urging him to work at the world’s largest iPhone factory for at least twice the usual pay, he knew it was risky. Tens of thousands of workers had fled the plant in central China in previous weeks and violent protests had erupted over a COVID-19 […]

Who’s Next? Chinese EVs Drive Stellantis’ Jeep off the Road

The bankruptcy of Stellantis’ Jeep joint venture in China could spell trouble for other global automakers whose output has plunged over the last five years in the world’s largest car market, as domestic players rapidly overtake. The first joint venture failure by a foreign brand in the electric vehicle (EV) era, the Oct. 31 bankruptcy […]

Fighting Generational Digital Exclusion

Now More Than Ever, Everyone Needs Access to Digital As things become increasingly digital, there’s a small proportion of the population losing their voice, access to services, and ability to participate in society. Despite overall access to the Internet increasing, with 96 percent of households connected. According to the most recent data from the Office […]

When Should You Switch Broadband? How to Avoid an Expensive Price Hike

With soaring living costs hitting the UK hard, the rise in bills is becoming increasingly noticeable and, for many, increasingly challenging to afford. That includes our broadband bills. Here, Guy Miller, CEO of full fibre broadband network operator, MS3 Networks, shares his advice on getting the best broadband deal. The cost-of-living crisis is affecting almost […]

TSX Notches 5-Month High as Tech and Industrials Climb

Canada’s main stock index rose on Wednesday to its highest closing level in five months, lifted by technology and industrial shares as the Federal Reserve signaled it could slow the pace of interest rate hikes. The Toronto Stock Exchange’s S&P/TSX composite index ended up 62.25 points, or 0.3 percent, at 20,282.26, its highest closing level […]