Finance news

Progressive Brad Lander’s surging bid for Congress splinters Democrats' labor union alliance

Rep. Dan Goldman, D-N.Y., is fighting for his political life in a race with Brad Lander, who is backed by Mayor Zohran Mamdani and Sen. Bernie Sanders, I-Vt.

Frustrating Israel, fiber-optic killer drone technology has arrived in southern Lebanon

Analysts believe that any military engaged in conflict will, in one form or another, encounter technologies first seen in Ukraine.

Don’t restrict AI in sports, ensure fair access, Hong Kong lawmaker urges

Hong Kong’s lawmaker for the sports sector has urged authorities to focus on ensuring fair access to AI rather than attempting to restrict its use, arguing that the technology has increasingly reshaped athlete development and competitions. Speaking at a World Economic Forum panel in mainland China’s Dalian on Tuesday, Kenneth Fok Kai-kong said that artificial intelligence (AI) was transforming sports in ways that differed from past technological advances. Such changes had made it difficult to...

Pension reform: “Serious crisis”: The head of industry complains to the Chancellor about his suffering – and then he applauds him loudly

At “Industry Day” the economy is once again criticizing. But when Merz formulates his new prosperity goal, warm applause turns into loud clapping. It could be a turning point.

India’s three new naval ships boost maritime firepower

The country has made strides in constructing complex naval platforms but remains dependent on foreign suppliers for key technologies.

AI: Germans are ambivalent about the benefits of artificial intelligence

Germans' enthusiasm for technology is decreasing. They want to be involved when critical technologies are introduced. And they don’t want to leave decisions to autonomous systems.

Artificial intelligence: Ex-AWS boss Selipsky: “Today, energy is the big bottleneck”

Adam Selipsky is considered one of the most prominent experts in building data centers. His view on the topic of energy, Europe's opportunities in the AI ​​sector and Elon Musk's vision.

Artificial intelligence: “Warning level yellow” – the highest cyber authority warns of risks from cheap AI models

It's not just powerful AI systems that can accelerate cyber attacks. Smaller language models also open up new opportunities for hackers, warns Germany's cyber authority BSI.

Chinese man jailed after flat’s high electricity usage exposes breeding of 300 snakes

A man living alone in eastern China was sentenced to jail for breeding over 300 pythons at home. This shocking incident was revealed by state media CCTV in late June as a case of “serious” harm to rare and endangered wildlife. Pythons are classified as Grade Two protected animals in China, and laws prohibit the buying, selling, breeding, and transporting of this species without official permission. The violator came to police attention after a senior citizen in Taizhou, Zhejiang province,...

Five things to watch in Tuesday's primaries as New York races take center stage

Tuesday’s primaries in New York, Maryland and Utah test outside money, party power and the influence of Zohran Mamdani and Donald Trump.

Leonardo, Baykar tout in-flight control of Kizilelma drone from a M-346 jet trainer

Following an autonomous taxi and take-off, the Kizilelma autonomously linked to the M-346 using “an advanced radio frequency data exchange system."

Europe is spending billions to rearm, so why the delays?

European countries have been trying to scale up their military capabilities, but their current defense production and procurement model is not fit for purpose, say experts.

The AI market has become a ‘rubber band’ — the question now is how far it can stretch, says Goldman strategist

Rich Privorotsky, strategist at Goldman Sachs, said that while so-called hyperscalers continue to increase their capital expenditure forecasts, artificial intelligence software is becoming cheaper to develop elsewhere

U.S. fights with Brazil for China's giant soybean market

The U.S. Soybean Export Council makes claims to higher quality a selling point over Brazil's crop, as American farmers attempt to win back business from the world's largest importer

60% of Hong Kong schools using AI for teaching and admin work, survey finds

About 60 per cent of surveyed Hong Kong schools are using artificial intelligence (AI) for teaching and administrative work, with the researchers behind the poll calling for educators to improve their knowledge of the technology so they can better guide students. The Education University of Hong Kong shared its findings on Tuesday, with the survey showing about 20 per cent of primary and secondary schools were actively exploring the use of AI in teaching, learning and administrative...

Are India-US trade talks nearing ‘last-mile bargaining’ amid strained ties?

US Trade Representative Jamieson Greer’s two-day visit to India this week could bring both sides closer to clinching a broad trade bargain after months of tariff wrangling, even as the South Asian nation’s protected farm sector remains a major sticking point. Analysts say the visit could centre on finalising tariff rates and giving the relationship a political reset after a year of strain over trade, Indian workers and the Strait of Hormuz. A statement from the Office of the US Trade...

China targets US rare earth miners as Pentagon faces restocking rush

China put two US rare earth miners on its export control list, along with eight technology companies, in response to the US Department of Defence blacklisting Chinese businesses for their alleged ties to the People’s Liberation Army. MP Materials and USA Rare Earth will both be banned from buying Chinese exports with dual civilian and military uses, the Ministry of Commerce said on Monday. Motor maker Aveox and drone companies Red Cat and Teal Drones were among the other companies included in...

After 6 prime ministers in 10 years, can anyone fix the UK?

On Monday morning, ⁠Keir Starmer emerged into the sunshine in Downing Street flanked by his staff and ⁠wife, his voice thick with emotion as he said he was no longer the right person to lead Britain. Starmer, who won one of the biggest landslides in British political history, is out after less than two years. The sixth leader to quit in 10 years. The highest rate of political turnover in almost two centuries. Like his predecessors, Starmer failed to stem popular anger over living standards,...

China’s EV brands have Europe’s luxury marques in their sights: Zeekr executive

Luxury electric vehicle (EV) brands from China are poised to enter the same elite tier as established European marques by leveraging their disruptive technologies, according to Chinese EV maker Zeekr. “There is a gap between the demand for electric luxury cars and the supply, where Chinese carmakers have an edge,” said Zeekr vice-president Mars Chen. “I believe there will be one to two Chinese brands among the global top five [luxury vehicles].” With German giants Mercedes-Benz, BMW and Audi...

Artificial intelligence: Softbank founder rejects Musk's plans for data centers in space

With SpaceX, Elon Musk wants to move the data centers for AI into space. From Masayoshi Son's point of view, this project promises little success. Above all, he sees disadvantages.

Breturn: Ten years of Brexit – what stands in the way of Great Britain returning to the EU

A summit should repair much of the damage caused by Brexit. But it's not just Prime Minister Starmer's resignation that is making the talks complicated. One factor: Nigel Farage.

Study shows 4,000-year battle of Eastern and Western genes in China’s heartland

Ningxia is a perfect example of how the East meets the West. Located in the northwest inland region of China, it is the intersection of the Eurasian steppe and Chinese farmlands. Fudan University, in collaboration with the Ningxia Institute of Cultural Relics and Archaeology and Northwest University, has recently conducted the largest ancient genomics research project in Ningxia. The researchers found that human genes from the East and the West have fused through wars and trade in this narrow...

Education: School Barometer 2026: Teachers are using artificial intelligence much more often

According to a study, the regular use of AI in the teachers' room has more than doubled within a year. However, many teachers still feel unsure about using tools.

China minerals control threatens EU rearmament, as bloc seeks new sources

Why Google, Tesla and AMD are turning to Samsung for AI chips

Government crisis in London: Starmer successor: Who is Andy Burnham?

Andy Burnham has the best prospects of becoming the new British Prime Minister. The 56-year-old is different from Keir Starmer, who failed due to numerous crises. Is that enough for a big change?

Infineon: A software start-up in the chip company – can that work well?

Semiconductor manufacturer Infineon took over Industrial Analytics four years ago. The young company is now supposed to assert itself on the market independently - an experiment with an open outcome.

Is this the best, and last investment opportunity ever?

The stock market today is flooded with opportunity. Regardless of your opinion or mine, the future of our civilization is absolutely going to be driven by Artificial Intelligence, Robotics, Space Exploration/Innovation, Nuclear Energy, Biotechnology, Quantum Computing, and Digital Currency. There is no other route for humans to take. We absolutely must march forward; it is in our genetic makeup. Economically speaking, this is a make-or-break moment for a handful of countries, especially the Unit

The I Ching, Leibniz and AI: how old China-West links shaped modern science

The advent of artificial intelligence (AI) appears sudden and revolutionary, yet its origins stretch deep into history, revealing a profound and forgotten intellectual exchange between China and the West. Long before Alan Turing, Claude Shannon, or even Charles Babbage and Ada Lovelace, there was Gottfried Wilhelm Leibniz – the German polymath born exactly 380 years ago next week. Among his monumental contributions to science is the binary numeral system, which serves as the bedrock of modern...

How Many Barrels of Oil Do AI Data Centers Consume on a Daily Basis?

Back in 2017, we did the math to figure out how much oil it takes to mine a single Bitcoin. The answer then was about 20 barrels of oil equivalent per coin. Today it's closer to 500. The Bitcoin network now draws somewhere between 138 and 175 terawatt-hours a year, depending on whose model you trust… Split across the roughly 164,000 coins minted annually since the last halving, that lands at around 500 barrels of oil equivalent at today’s prices per Bitcoin, and past 600 on the higher estimates.