Finance news

China’s AI outpaces global rivals but trails in trust, survey shows

Many people believe Chinese artificial intelligence models are leading the global tech race – even in countries considered key US allies – according to a new poll by the London-based consultancy Public First. However, the poll also revealed that China lags in trust regarding its AI models. The survey, which covered over 18,000 people across 15 countries, found that respondents from 11 nations acknowledged China’s AI leadership. These included Canada, Britain and France, where at least 40 per...

Martial arts event in Washington: FBI: Suspected attack on Trump's cage fights foiled

Drones with explosives, snipers and a storming of the White House: The FBI says it prevented a plan to attack a martial arts event on the US President's birthday.

Artificial intelligence: SpaceX wants to take over start-up

The space company swallows the software company Anysphere for 60 billion dollars. This is intended to strengthen SpaceX's AI division.

Business ticker: SpaceX wants to buy AI start-up for $60 billion

Federal government does not want to accept takeover offer for Commerzbank +++ Fuel discount was hardly received by consumers +++ Cyber ​​attack on V-Bank +++ News in the company live blog.

BörsenTag: Why investors are looking at Japan today

The Japanese central bank has raised interest rates to their highest level in 31 years. What's problematic about it - and why the stock markets still remain calm.

Armament: Quantum Systems is working on driverless military trucks for the Bundeswehr

As part of a research project, the technology group is equipping military trucks from Daimler Truck with autonomous convoy solutions. It's a billion dollar business.

Is Europe declining faster than Qing China? A Chinese-French debate

Is the economic decline of Europe worse than the last decades of the Qing dynasty? That’s a question posed by Luis Vassy, director of Sciences Po, one of France’s premier universities. It has caused something of a stir in Europe and China. “The European Union has seen its share of the world economy fall from 30 per cent to 17 per cent between 2008 and 2025, a span of 17 years,” he wrote in Le Grand Continent, a European current affairs publication, last week. “China covered the same distance...

Qatar Eyes Quick LNG Restart Once Hormuz Reopens

Qatar prepares to quickly restart and restore liquefied natural gas output within weeks after the eventual reopening of the Strait of Hormuz, Bloomberg reported on Tuesday, citing anonymous sources with knowledge of the plans. State firm QatarEnergy, which curtailed LNG output in early March before an LNG facility was hit by Iranian missiles in mid-March, has now told its customers that it could restore about 50% of its production capacity within a month after safe navigation through the Strait

Federal budget: Ifo brings cuts to parental allowance and mother's pension into play

There are gaps in the billions in the federal government's financial planning for the coming years, and at the same time the national debt is rising. What proposed solutions are there?

Health care reform: health insurance companies are spending billions extra - does Warken's austerity package have to be even bigger?

Health insurance companies' spending on clinics, practices and medication has increased significantly more than expected. Now the industry is putting pressure on the minister and her reform.

Gold dealer: Was a botched project the undoing of Degussa boss Christian Rauch?

A few days ago, the gold trader surprisingly fired the CEO and head of finance without giving any reasons. There could be one main reason why the Degussa owner is increasing the pressure.

With a bank card: buying tickets in Paris should be easier

To travel by metro or bus, tourists in Paris needed an app or had to buy a reloadable plastic card. In the future, this will be possible in many places with a bank card - including at the Sacré-Cœur.

Najib’s 1MDB plunder made Attila the Hun ‘look like a choirboy’: Malaysian judge

The judge who convicted former Malaysian prime minister Najib Razak over the 1MDB scandal said the plunder of the sovereign wealth fund was so vast that it eclipsed the exploits of Attila the Hun, one of history’s most notorious conquerors. “The scale of the plunder that took place (financially speaking, of course) made Attila the Hun look like a choirboy in comparison,” Collin Lawrence Sequerah said in the introduction to his 809-page grounds of judgment. The written judgment was issued on...

Customs deal: EU MPs approve implementation of US customs deal

US President Trump insists on the agreements being implemented as soon as possible. The European Parliament is in favor of this – but not at any price.

Hong Kong police arrest 150 over HK$320 million illegal online betting syndicate

Hong Kong police have arrested 150 people in a three-day crackdown on an illegal bookmaking syndicate that handled more than HK$320 million (US$40.8 million) in wagers, as officers warned against unlawful betting during the Fifa World Cup. About 600 officers carried out raids across the city between Friday and Sunday, targeting factory units in Kwai Chung, Tsing Yi, Sha Tin, Kwun Tong and Kowloon City, the organised crime and triad bureau said on Tuesday. The operation shut down four...

Trump turns his attention to Ukraine ahead of Iran deal: 'I’m going to do whatever I can’

President Donald Trump said Tuesday that "Russia should make a deal" to end its four-year war in Ukraine.

Hong Kong property tycoon Mico Chung cashes out of US$13.4 million home on The Peak

A company linked to CSI Properties chairman and founder Mico Chung and his wife has sold a luxury house on The Peak for HK$105 million (US$13.4 million), according to official records. Aqua Sole Company sold the property at 27 Plantation Road to Hu Hanyang in a transaction completed on June 12, according to Land Registry records. Companies Registry filings show that Chung and his wife, Nina Kan Souk-yin, are shareholders of Aqua Sole. The company acquired the property in 1993 for HK$12 million,.

A Naive View of Money and Why It Will End Badly

The foundational belief shared by almost every Bitcoin enthusiast is that money is born purely out of agreement. They look at history and imagine a group of early humans who simply grew tired of trading cows for wheat, decided to invent a neutral token, and began using it to make life easier. In this view, Bitcoin is the ultimate upgrade because it is digital, scarce, and programmed to be secure. Bitcoiners genuinely believe that if enough people online simply decide to trade this digital token

Programming with AI: SpaceX acquires AI start-up Cursor for $60 billion

SpaceX is acquiring Cursor in a mega-deal, a move intended to spur the development of AI-powered programming tools.

Tightened rules: China is catching up in environmental protection

After the green wave, Europe focused on easing the burden on companies. At the same time, China is tightening its environmental regulations. What does this mean for leadership in environmental technology?

Japan's Nikkei clears 70,000 briefly on BOJ relief

SoftBank launches OpenAI cybersecurity in Japan as US restricts rival model

Myanmar's Min Aung Hlaing gains legitimacy with Beijing state visit

Vietnam group plans $360m plane repair hub with Hong Kong, Japan partners

BOJ hikes rates as deputy head warns inflation risks and Iran uncertainties

Hong Kong Science Park, SenseTime partner to build home-grown AI data centre

The Hong Kong Science and Technology Park (HKSTP) and SenseTime, a Chinese artificial intelligence firm headquartered and listed in the city, have partnered to build a home-grown AI data centre by 2030 to support the sector’s industrialisation. The data centre will be built in three stages, with phase one expected for completion by the end of this year, targeting 40,000 petaflops – a measure of computing power used to train AI models – by 2030, the HKSTP said on Tuesday. Terry Wong Ping-sau,...

Yum Brands sells Pizza Hut to private equity firm LongRange Capital for $2.7 billion

Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain.

The Italians are crazy

Yesterday was the first day of vacation in a larger vacation resort in northern Italy where we have been several times. Go to one of our regular restaurants there. Food came quickly and was good, service was also good, please pay. Cash or card? Map. Please go in once. On the way in I thought about what it could mean. It should be a little over €50. With the involuntary tip called “cover” probably around €55. But then: €64.70, please. Hmm, strange, I have to

The AI ‘bottleneck trade’ has run its course, says this hedge-fund manager and early SpaceX investor

One hot AI trade that is starting to wind down is the “bottleneck trade,” says Altreides Management managing partner Gavin Baker

A veteran investor is kicking Tesla out of the ‘Magnificent Seven’ — replacing it with this tech giant

T. Rowe Price fund manager David Giroux says Big Tech isn’t in a bubble, but there’s value in healthcare and utilities.