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China's policymakers have spent two decades working to reduce the country's dependence on imported oil and gas and the vulnerability that dependence creates in the event of a naval blockade during a future conflict. That vulnerability was described by former President Hu Jintao in …
China's industrial output softened and consumer spending remained muted in July, underscoring pressure on the country'sLeadershipto deliver on promises to accelerate fiscal stimulus spending. Industrial output expanded 4.5 percent year-on-year, according to data released by the National Bureau of Statistics, falling short of a …
The Democratic Socialists of America has grown to close to 130,000 members, up from about 5,000 fifteen years ago, with members increasingly winning Democratic primaries across the country. The group's national co-chair said its growth reflects deep frustration among younger people with a system …
A team of European Central Bank economists has warned that a correction in US technology stocks is likely and could threaten eurozone financial stability, even if artificial intelligence eventually lives up to investors' expectations. In a blog post, the researchers wrote that a pullback …
Nvidia (NASDAQ:NVDA) has agreed to provide more than $100 billion in credit support for a major new OpenAI data centre in Ohio, developed alongside SoftBank-backed energy company SB Energy, in one of the largest AI infrastructure deals to date. The chipmaker will also invest …
Japan's 10-year government bond yield jumped to 2.93 percent on Monday, its highest level since 1996, as traders increasingly bet the Bank of Japan will raise interest rates as soon as September. The move came even as data showed Japan's economy grew more slowly …
Jared Kushner, an adviser to the US president and one of the architects of Washington's plan to end the war in Gaza, is set to hold talks with Israeli Prime Minister Benjamin Netanyahu, a day after meeting Hamas's leader during discussions with mediators in …
A new data centre campus in El Paso, Texas, jointly owned by Meta (NASDAQ:META) and BlackRock (NYSE:BLK), is exposed to potentially large losses in the event of a catastrophic incident, as only a fraction of the $14 billion AI mega-project is fully covered by …
Nvidia (NASDAQ:NVDA) has disclosed that it owns nearly 123 million shares in SpaceX (NASDAQ:SPCX), further underscoring the chipmaker's deepening financial relationships with some of its largest customers. The company owned SpaceX stock worth nearly $21 billion at the end of June, according to a …
The chief executive of Olympus is applying private equity-style tactics in an effort to turn around the medical imaging device maker and pre-empt potential takeover bids. Bob White is working to boost a share price that has fallen roughly 15 percent over the past …
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