News
China flexes superpower status using rare earths in global supply chain grab
[BEIJING] China’s sweeping new restrictions on rare earth exports mark its first major effort to police the global flow of critical minerals it dominates, using the same playbook that...
Salesforce to invest $15 billion in San Francisco to advance AI
Software giant Salesforce is planning to invest $15 billion in San Francisco over the next five years to strengthen the city’s dominance in artificial intelligence. “This $15 billion investment...
China threatens more retaliation after sanctioning US entities of one of South Korea’s biggest shipbuilders
The moves are a marked escalation in a long-standing dispute between the world’s two largest economies over maritime dominance[HONG KONG] China has threatened further retaliatory measures against US curbs...
Samsung expects highest quarterly profit in over three years, lifted by AI chip demand
[SEOUL] Samsung Electronics on Tuesday (Oct 14) projected a 32 per cent rise in third-quarter operating profit from a year earlier, beating analysts’ estimates by far, as demand for...
Gov. Newsom signs AI safety bill aimed at protecting children from chatbots
California Gov. Gavin Newsom on Monday signed a bill into law that aims to make artificial-intelligence-powered chatbots safer despite some pushback from the tech industry.The legislation, Senate Bill 243,...
S&P 500 risks 11% drop on trade war: Morgan Stanley’s chief US equity strategist
Michael Wilson says the market was poised for a pullback, given elevated investor exposure and high valuationsUS STOCKS are at risk of sinking as much as 11 per cent...
LG Energy Solution Q3 profit likely up 34% on US EV sales rush
The company has signed a US$4.3 billion deal to supply Tesla with energy storage system batteries, as the US automaker looks to reduce reliance on Chinese imports due to...
AJJ Medtech to develop ‘world’s first’ multifunctional humanoid elderly care robot
It will work with China’s Huaxi Intelligent Technology Co to produce humanoid robots that will replicate human presence, offering both practical assistance and emotional engagement [SINGAPORE] AJJ Medtech has...