Month: August 2025
TikTok took the world by storm. Now, Chinese companies are taking videos further with AI
Key Points “Competition in AI video generation models is at an earlier stage, and some Chinese companies have emerged as early leaders in this space,” said Wei Xiong, China internet analyst at UBS Securities. “Whether it’s user scale or commercial revenue, overseas accounts for the majority,” Zeng Yushen, head of operations at Kling AI, a […]
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Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods
U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025. Kent Nishimura | Reuters U.S. President Donald Trump signed an executive order Thursday that modified “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%. […]
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How Asian countries are reacting to Trump’s latest tariffs announcement as deadline looms
President Donald Trump speaks alongside Secretary of Commerce Wilbur Ross. Saul Loeb | AFP | Getty Images U.S. President Donald Trump on Thursday stateside rejigged the so-called “reciprocal” tariff rates for several countries, ahead of the Friday deadline announced earlier. The White House also announced a 40% tariff rate for all goods transshipped to avoid […]
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Why a rumor on social media caused a drop in summer trips to Japan
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Visitor arrivals to Japan dropped in June, amid a prophecy in a manga, or Japanese comic book, that predicted a “disaster” would strike the country in July 2025. The rumor went viral on social media, sparking an abrupt downturn in arrivals from […]
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CNBC Daily Open: Trump’s (new) new tariff rates are here (again)
US President Donald Trump points as he speaks after signing an executive order restarting the Presidential Fitness Test in public schools in the Roosevelt Room of the White House in Washington, DC, on July 31, 2025. Jim Watson | AFP | Getty Images The first time U.S. President Donald Trump unveiled his “reciprocal” tariffs on […]
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Asia-Pacific markets fall after Trump modifies tariff rates
Asia-Pacific markets start the day lower Asia-Pacific markets started the day lower Friday. Japan’s Nikkei 225 benchmark fell 0.65%, while the broader Topix index was flat as of 8:15 a.m. Singapore time (8:15 p.m. ET Thursday). In South Korea, the Kospi index dropped 1.73%, while the small-cap Kosdaq declined by 2.1%. Over in Australia, the S&P/ASX 200 benchmark […]
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Tesla Autopilot plaintiffs seek $345 million in damages over fatal crash in Florida
A Tesla vehicle passes the Wilkie D. Ferguson Jr. U.S. Courthouse as jury selection began in connection with allegations regarding the safety of Tesla’s autopilot system on July 14, 2025 in Miami, Florida. Joe Raedle | Getty Images Tesla is facing a crucial verdict in a personal injury trial over a fatal Autopilot crash in […]
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