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News
Beyond hugs and goodwill, leaders of Russia and Iran return home from Brics empty-handed
4+ hour, 7+ min ago (868+ words) [BRUSSELS] The Brics grouping was designed as an alternative to a world dominated by a handful of powerful Western nations led by the United States. Its member states account for a combined 40 per cent of the world’s total economic output…...
‘Whoever wins AI wins’: Trump downplays AI concerns as CEOs call for slowing pace
6+ hour, 21+ min ago (968+ words) The US President adds that guardrails can be put in place [WASHINGTON] US President Donald Trump downplayed the growing alarm over risks from artificial intelligence after some of the industry’s leaders called for slowing the pace of development of the…...
Hong Kong watchdog briefs banks on handling raids as IPO scrutiny intensifies: sources
6+ hour, 26+ min ago (711+ words) [HONG KONG] Hong Kong’s securities watchdog gave guidance to investment banks on how they should cooperate during a raid by regulators, two people with knowledge of an industry meeting said, adding this signals more scrutiny, particularly of booming share sales....
Beyond Nvidia: How Singapore is earning its place in the semiconductor value chain
1+ day, 1+ hour ago (1647+ words) It occupies the part which AI has made expensive to get wrong – this is starting to be reflected by the listed market [SINGAPORE] Drive out to Tampines and you can see a decade of decisions in one district. Silicon Box…...
Iran, UAE back Brics call for ‘maximum restraint’ despite being divided by Middle East war
1+ day, 4+ hour ago (627+ words) China’s Xi urges Brics to take on peacemaking role [NEW DELHI] Iran and the United Arab Emirates signed up to a joint statement from the Brics group of nations that called for restraint in the Middle East war on Saturday…...
Anthropic blocks Russian hackers, Chinese AI labs accused of misusing Claude
3+ day, 7+ hour ago (604+ words) Anthropic alleges Moonshot and DeepSeek routed live customer chats through Claude for training data ANTHROPIC on Thursday (Sep 10) said it had disrupted several allegedly malicious uses of its Claude models over the past eight months, including a suspected Russia-linked cyber…...
UBS closes China fund sales unit as domestic competition proves too much
4+ day, 4+ hour ago (476+ words) The bank has struggled to grow WE.UBS, its digital wealth management platform tied to the business [SHANGHAI] UBS will shut its Chinese fund sales unit after struggling to attract investors in a market already overcrowded with deep-pocketed domestic rivals,…...
Xi’s India visit to help diplomatic thaw, but business ties are still bound by suspicion
3+ day, 20+ hour ago (938+ words) Firms on both sides continue to face hurdles, underscoring the gap between diplomatic progress and economic links [NEW DELHI/BEIJING] Chinese President Xi Jinping’s visit to New Delhi on Sep 12 and 13, his first to India in seven years, should further…...
US firms in China more upbeat on outlook as profits recover: survey
4+ day, 6+ hour ago (430+ words) Domestic competition overtook US-China tensions as the biggest concern [SHANGHAI] US companies in China have grown more optimistic about their business prospects after confidence hit a record low last year amid political tensions, intense domestic competition and slowing economic growth,…...
China ‘willing’ to hold AI talks with US despite row over models
4+ day, 4+ hour ago (382+ words) AI has emerged as a key area of US-China technology competition CHINA said it’s willing to hold talks with the US on artificial intelligence, but vowed to retaliate if Washington takes actions against Chinese companies over accusations of systematic technology…...