On August 25th, the EU Digital Services Act (DSA) will usher in its first phase, mandating content monitoring for tech giants.
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China's internet giants rush to acquire high-performance Nvidia chips vital for building generative AI systems, making orders worth $5 bln.
Generative artificial intelligence (A.I.) in US-China tech battle is emerging as the new battleground, intensifying tensions despite recent talks between the two nations. In the battle for tech supremacy between the United States and China, a new battleground is emerging. The clash between the two nations over key technologies, such as semiconductors, has prompted experts […]
Asian stocks struggled on Thursday, dragged down by tech and property selling in Hong Kong, while the dollar was under pressure as softening U.S. inflation seemed to suggest the Federal Reserve’s rate hike cycle was nearing its end. Early in the Asia day the euro hit a 2-1/2 month top at $1.10. Investors are positive […]
With sentiment still fragile in the aftermath of the banking crisis, a risk-on rally proved short-lived, leaving the MSCI ex-Japan index swinging between gains and losses on Thursday. The dollar firmed up, continuing its rebound, while gold eased. But as we are at the ‘no news = good news’ stage of the recovery from the […]
A look at the day ahead in Asian markets from Jamie McGeever. The recovery from this month’s banking shock is gathering momentum and looks like it will roll into Thursday, leaving investors free to pick up where they left off on Wednesday as there are no major economic or policy events on the Asian calendar. […]
China’s cyberspace regulator vowed on Tuesday to clamp down on malicious online comments that damage the reputation of businesses and entrepreneurs, amid an official drive to shore up the private sector and spur economic growth. “False information against enterprises and entrepreneurs, especially private enterprises and private entrepreneurs, appear from time to time, damaging the brand […]
Li Qiang, the former Communist Party chief of Shanghai, took office on Saturday as China’s premier, the country’s No.2 post, putting the close ally of President Xi Jinping in charge of reviving an economy battered by three years of COVID-19 curbs. Widely perceived to be pragmatic and business-friendly, the 63-year-old Li faces the daunting task […]
China’s science and technology policies should aim to build its strength and self-reliance, while the role of the government in pooling resources for key technological breakthroughs needed to be leveraged better, Premier Li Keqiang said on Sunday. The nation effectively countered external attempts to suppress and contain China’s development over the past five years by […]
Tencent Holdings founder Pony Ma and others from China’s crackdown-hit internet sector will be absent from this year’s parliamentary sessions, as Beijing boosts representation from the tech hardware sector, delegate lists show. Nearly 3,000 members of the National People’s Congress (NPC) will gather in Beijing on Sunday for its first meeting since Xi Jinping secured […]