Due to the weakening of the local market and currency, Standard Chartered has stopped accepting new investments from its clients in China into offshore goods through a quota-based route. The bank announced this move in response to a spike in demand for foreign investments.   The London-based...

Google Cloud, a division of Alphabet, increased its criticism of Microsoft's cloud computing policies on Monday. According to the company, Microsoft is attempting to create a monopoly that would hinder the advancement of cutting-edge technology like generative artificial intelligence.  ...

In a highly competitive market, Chinese smartphone manufacturer Xiaomi thinks it has found a consumer niche that would pay for its planned electric vehicle. Weibing Lu, the president of Xiaomi Group, stated, "We think it's a good starting point for us in the premium segment because we already...

To compete with Chinese-founded rival Shein, Inditex, the owner of Zara and the largest listed fast fashion company in the world based on sales, is growing its budget-friendly Gen Z-focused brand Lefties.   Shein is an online marketplace that does not have any physical storefronts, and its...

According to a Bloomberg News story, the Chinese company Ant Group, a fintech behemoth, has outbid billionaire Ken Griffin's Citadel Securities for Credit Suisse's investment bank venture in China. However, it is uncertain if Ant Group's offer would be accepted.   Beijing prefers a foreign...

Google CEO Sundar Pichai suggests that quick advances in artificial intelligence could bolster cyberspace defences against security attacks.   Pichai stated that the intelligence capabilities might assist governments and businesses in accelerating the identification of — and reaction to —...

In a late-Wednesday filing with the Securities and Exchange Commission, Nvidia named Huawei as a top rival in a number of sectors, including artificial intelligence chips.   According to the Santa Clara, California-based corporation, Huawei, a Chinese company, is a competitor in the supply...

Social media site Reddit and Google have reached an agreement for Reddit's material to be used as training data for the search engine giant's artificial intelligence models, according to reports quoting source information..   One of the sources claims that the agreement with Alphabet-owned...

According to a Reuters report quoting information from people familiar with the situation, the Biden administration is increasing pressure on China's leading sanctioned chipmaker by preventing more American imports into its most sophisticated factory, which created a sophisticated chip for...

Walmart announced on Tuesday that it would acquire smart TV manufacturer Vizio for $2.3 billion, kicking off the reporting season for U.S. retailers with strong fourth quarter earnings following a surge in shoppers due to inflation.   The retail giant's shares increased 3% in premarket trade...

Elon Musk, the founder of Neuralink, announced late on Monday that the first patient to get a brain chip from the business looks to be fully healed and capable of using their thoughts to move a computer mouse.   "The patient is making good progress and appears to have fully recovered, with...