Month: October 2024
Intel faces headwinds in China as trade body calls for security probe
Intel products sold in China have been recommended for a security review by a local trade association that alleges the U.S. chipmaker poses “serious risks” to national security. In a statement on Wednesday evening, the Cybersecurity Association of China outlined alleged vulnerabilities in Intel’s CPU chips, claiming that flaws in product quality and security management show […]
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European Central Bank meets with third rate cut of the year expected
European stocks mixed, euro flat ahead of rate announcement Stock Chart IconStock chart icon Europe’s Stoxx 600 European stock markets were mixed at Thursday’s open, with the benchmark Stoxx 600 index eking out a 0.13% gain at 8:12 a.m. in London. Banks were the best-performing sector, up 0.75%. Germany’s DAX and France’s CAC 40 were […]
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TSMC third-quarter profit beats expectations as AI boom drives 54% hike
An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, on Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit, as global chipmakers continue to benefit from demand boosted by AI applications. The company’s […]
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A tough new EU cyber law is off to a messy start, with many countries failing to adopt the rules
Businesses have been working hard to shift their culture internally to ensure they’re taking the threat of cyber breaches and outage incidents seriously. Andrew Brookes | Image Source | Getty Images New European Union regulations requiring businesses to bolster their cyber defenses is off to a slow start as many member states have failed to […]
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Uncovering the mysterious side of art pricing. ‘Everyone’s trying to make money’
Tetra Images | Getty Images Attorney J.D. Harriman is skeptical about some of the art market’s sales techniques. “There’s very little genuine information and data on pricing,” he told CNBC via video call. Prices for artworks are “rarely” displayed at galleries, he said. “When [galleries] have a new artist, they’re not going to post prices, […]
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Hyatt CEO: US travel to China has dropped off sharply
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Mark Hoplamazian, CEO of Hyatt, discusses the hotel giant’s business in China, amid changing travel trends and a closely-watched US presidential election. Source
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Meet the ‘world’s most advanced’ humanoid robot
Ameca is the latest and most advanced iteration of two-decades of robot development from Engineered Arts, a humanoid manufacturer based in Cornwall, England. Standing in the office of Will Jackson, founder of Engineered Arts, is Ameca, a robot that can talk and move like a human. It is the latest and most advanced iteration of […]
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China pledges more financial support for ‘whitelist’ real estate projects
A pedestrian crosses a road in front of residential buildings in Beijing, China. Qilai Shen | Bloomberg | Getty Images China vowed more financial support for real estate projects that fall under its so-called whitelist and to speed up banks lending of 4 trillion yuan ($561.8 billion) for such projects, according to the nation’s housing […]
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Overseas UK territories are the ‘biggest enablers of corporate tax abuse,’ tax advocacy group says
Advocacy group Tax Justice Network has ranked the British Virgin Islands, followed by the Cayman Islands and Bermuda as “most complicit” in helping corporations underpay corporate income tax. Traveler1116 | E+ | Getty Images British overseas territories are the world’s top enablers of corporate tax abuse, according to a ranking by tax advocacy group Tax […]
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Japan visitors spent $39 billion through September, breaking annual record
Visitors walk on the Sannenzaka slope in Kyoto, Japan, on Sunday, June, 26, 2022. Kosuke Okahara | Bloomberg | Getty Images Visitor spending in Japan broke an annual record in just nine months, official data showed on Wednesday, demonstrating the economic power of a tourism boom fueled by the weak yen. Travelers spent 5.86 trillion yen ($39.27 billion) through […]
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