Bussiness

US sanctions ‘sprawling shadow banking network’ that helps Iran’s military

Posted by June 25, 2024

Those sanctioned are involved in the sale of Iranian oil and petrochemicals, money that pays for weapons, proxy groups.The United States Department of the Treas

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China’s premier calls on nations to ‘oppose decoupling’ at economic…

Posted by June 25, 2024

Li Qiang tells World Economic Forum conference that countries should work closely together, abandon rival camps.China’s premier has called for countries to â€

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Canada considering tariffs on Chinese-made EVs

Posted by June 24, 2024

Canada said the domestic car sector faced unfair competition from China’s ‘state-directed’ global oversupply of EVs.Canada is considering whether to impos

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Lithium battery plant fire in South Korea kills at least…

Posted by June 24, 2024

Fire authorities say blaze caused by battery cells exploding inside a warehouse.A fire at a lithium battery plant in South Korea has killed at least 22 people a

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US proposes restrictions for investments in Chinese tech, AI

Posted by June 21, 2024

Draft rule would prohibit US investors from funding AI systems in China that could be used for weapons targeting, other military uses.The United States Departme

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Japan sanctions China-based firms accused of supporting war in Ukraine

Posted by June 21, 2024

Measures mark the first time Tokyo has targeted China-based companies over their alleged support for Russia’s war.Japan has unveiled trade restrictions agains

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Once the pride of Hong Kong, Cathay Pacific becomes government’s…

Posted by June 21, 2024

Hong Kong, China – For decades, Hong Kong’s Cathay Pacific Airways (CPA) stood as a proud symbol of the city’s international status and an exemplar of Asi

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Trump says he would give green cards to foreign graduates…

Posted by June 21, 2024

Republican contender known for his hardline stance on immigration says graduates should be able to stay in the country.Former United States President Donald Tru

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‘Orwellian’: EU’s push to mass scan private messages on WhatsApp,…

Posted by June 20, 2024

The European Union is considering controversial proposals to mass scan private communications on encrypted messaging apps for child sex abuse material. Under th

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New Zealand exits recession, but economic troubles linger

Posted by June 20, 2024

GDP grows 0.2 percent in first quarter, buoyed by record immigration.New Zealand’s economy has crawled out of recession after back-to-back downturns in the sp

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McDonald’s scraps AI pilot at drive-through outlets after order mix-ups

Posted by June 19, 2024

Fast food giant pulls plug on AI-powered voice-ordering at about 100 outlets after viral videos of order mishaps.McDonald’s is scrapping a trial of artificial

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Nvidia becomes world’s most valuable company, dethroning Microsoft

Posted by June 19, 2024

Chip giant’s market capitalisation hits $3.335 trillion as stock prices continues its stellar rise.Nvidia, the startup at the centre of the artificial intelli

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