About 17% of all fuel stations in France were missing at least one product as of Monday night, France’s petroleum association UFIP said, citing French energy ministry data. About 29% of fuel stations in the Ile-de-France region, where capital city Paris is located, were missing at least one product, the data showed. Two regions in […]
China
UK shares extended gains on Tuesday, supported by an upbeat performance in energy heavyweight BP, while lenders gained following reassuring comments by Bank of England Governor Andrew Bailey on the stability of the banking sector. Bailey said in a speech that UK banks were resilient in the face of strains in the global banking system, […]
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 […]
The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says China has imposed on Lithuania. Representatives of the European Parliament and the Council, the grouping of EU countries, reached a provisional deal on the anti-coercion […]
Chinese electric vehicle (EV) maker Nio Inc began trial operation on Tuesday of faster, more efficient battery swapping stations in China in its push to make battery swapping a viable alternative to rival EV makers’ rapid-charging technology. With capacity to store up to 21 battery packs each, Nio’s Power Swap Station 3.0 can speed up […]
Japan will sign a mineral supply chain agreement with the United States that will give U.S. tax incentives for electric vehicles made with metals processed in Japan, trade minister Yasutoshi Nishimura told reporters on Tuesday. The U.S. last June announced a multinational pact called Minerals Security Partnership with Japan, Canada and other countries aimed at […]
Alibaba Group Holding Ltd said it plans split its business into six main units covering e-commerce, media and the cloud, adding that each will explore fundraising or initial public offerings. Alibaba’s U.S.-listed shares rose 7% in pre-market trading. Here are comments from analysts: THOMAS HAYES, CHAIRMAN AT GREAT HILL CAPITAL, NEW YORK “This is the […]
Nvidia Corp, the world’s leading designer of computer chips used in creating artificial intelligence, on Monday showed new research that explains how AI can be used to improve chip design. The process of designing a chip involves deciding where to place tens of billions of tiny on-off switches called transistors on a piece of silicon […]
The telecom industry is constantly evolving, and with the advent of 5G technology, many are already looking ahead to the future of 6G. While many are eager to leap into the future, some raise concerns about the need to address current infrastructure challenges. As one famous quote says, “Rome wasn’t built in a day.” Therefore, […]
The S&P 500 ended slightly higher on Monday as a deal for Silicon Valley Bank’s assets helped to boost bank shares, while a decline in technology-related stocks limited the day’s gains. The S&P 500 banks index rose 3.1%, while the KBW regional banking index ended up 0.6%. JPMorgan Chase & Co shares climbed 2.9% and […]