Month: February 2025
New downloads of DeepSeek suspended in South Korea, data protection agency says
Deepseek’s logo on Jan. 29, 2025. Andrey Rudakov | Bloomberg | Getty Images South Korea’s data protection authority on Monday said new downloads of the Chinese AI app DeepSeek had been suspended in the country after DeepSeek acknowledged failing to take into account some of the agency’s rules on protecting personal data. The service of […]
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Asia-Pacific markets mostly higher as investors parse Japan GDP growth data
Doctoregg | Moment | Getty Images Asia-Pacific markets traded mostly higher Monday, as investors parsed Japan’s fourth-quarter economic growth data, while awaiting a slew of central bank decisions from the region this week. Japan’s Nikkei 225 traded around the flatline, while the Topix added 0.15%. South Korea’s Kospi added 0.18% andthe small-cap Kosdaq added 0.35%. […]
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CNBC Daily Open: Elon Musk’s money is not the issue for OpenAI
Elon Musk, chief executive officer of Tesla Inc., in the Oval Office of the White House in Washington on Tuesday, Feb. 11, 2025. Aaron Schwartz | Bloomberg | Getty Images In January, U.S. consumers didn’t feel as inclined to open their wallets, causing retail sales for the month to fall more than expected, which might […]
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Here’s how much it can cost for one person to live in 12 major cities globally in 2025
It can cost on average of $2,050 to live in Tokyo for a month as a single person, according to Numbeo’s data. Jackyenjoyphotography | Moment | Getty Images Moving to a major city often comes with big benefits and opportunities, but it’s important to figure out if it makes sense financially before taking the leap. […]
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Citing a ‘routine’ update, US removes reference to Taiwan independence on website
The United States Department of State logo on a smartphone screen. Sopa Images | Lightrocket | Getty Images The U.S. State Department said it has made a routine update to the Taiwan section of its website, after the removal of previous wording saying it did not support Taiwan’s formal independence, among other changes that cheered the government in Taipei. The fact sheet on Taiwan, updated last week, retains Washington’s opposition […]
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Japan’s economy expands 0.7% in fourth quarter as exports rise sharply; full-year growth slows
Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Japan’s economic expansion in the fourth quarter beat analysts’ expectations for quarter-on-quarter and annualized growth, boosted by a jump in exports, preliminary government data showed Monday. GDP grew 0.7% quarter on quarter, more than the 0.3% […]
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Why China investors have stayed out of China despite many stimulus measures
Professional investors have stayed away from China’s stock markets despite several attempts by the country’s government to revive investment sentiment. An analysis of fund data reveals portfolio managers have steadily lowered their allocation toward China equities since mid-2020 when Beijing intervened in its property sector with the “three red lines” rule to address concerns of […]
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Trump wants the Supreme Court to let the firing of whistleblower agency head proceed
A supporter of U.S President-elect Donald Trump takes pictures of the U.S. Capitol after it was announced that Trump’s inauguration is being moved indoors due to dangerously cold temperatures expected on Monday, in Washington, U.S., January 17, 2025. REUTERS/Carlos Barria Carlos Barria | Reuters The Trump administration wants the Supreme Court to permit the firing […]
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Trump administration cuts reach FDA employees in food safety, medical devices and tobacco products
FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed | Reuters The Trump administration’s effort to slash the size of the federal workforce reached the Food and Drug Administration this weekend, as recently hired employees who review the safety of food […]
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Trump’s broadside against wind industry puts projects that could power millions of homes at risk
A view of the turbines at Orsted’s offshore wind farm near Nysted, Denmark, September 4, 2023. Tom Little | Reuters President Donald Trump promised to unleash U.S. energy dominance, but his sweeping executive order targeting wind power puts a pipeline of projects at risk that would generate enough electricity for millions of American homes. The […]
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