Humanoid robots embodiment of China’s AI ambitions

Serving craft beer, playing mahjong, stacking shelves and boxing, the dozens of humanoid robots at Shanghai’s World AI Conference (WAIC) this weekend were embodiments of China’s growing AI prowess and ambition. The annual event is primed at showcasing China’s progress in the ever-evolving field of artificial intelligence, with the government aiming to position the country as […]

Impact of US tariffs varies across European Union

US President Donald Trump announced on Sunday that the United States was imposing 15-percent tariffs on all European Union countries. These countries are not all equally exposed to the US market and so will not suffer the same consequences when the duties kick in on August 1. In terms of value, Germany is by far […]

Vatican hardens tone on Israel after Gaza parish strike

An Israeli army strike on the only Catholic church in Gaza last week has pushed the Vatican to change its tone on Israel and blame it more directly in the dragging war — a break from its traditional diplomacy strategy. The strike killed three people in the Holy Family Church in the centre of Gaza […]

Asian markets on course to end week on a positive note

Asian markets headed into the weekend on a broadly positive note Friday, as investors took up New York’s latest record highs sparked by healthy US retail data and upbeat earnings from some of Wall Street’s big names. The readings helped divert attention away from Donald Trump’s tariffs saga, with dozens of countries yet to cut […]

Oil prices rise further as Israel-Iran extends into fourth day

Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a lengthy conflict that could reignite inflation. Gold prices also rose back towards a record high thanks to a rush into safe havens, but while most equity markets dropped further […]

China factory output slumps but consumption offers bright spot

China’s factory output grew slower than expected last month as trade war pressures bit, official data showed Monday, while a bump in a key gauge of domestic consumption offered a rare bright spot for the economy. The United States and China this month agreed to a temporary truce in a blistering trade war that saw tariffs […]

EU crypto regulation hampered by national flaws

The first EU-wide cryptocurrency regulation was meant to impose some harmony, but disparities in implementation by member countries has allowed companies to exploit a flaw in the system. Launched in December, Markets in Crypto-Asset (MiCA) insists on service providers obtaining a licence to operate legally in the European Union. It is issued once specific criteria […]

California sues Trump for scrapping state’s EV rules

California sued Donald Trump’s administration Thursday over his move to scrap the state’s tailpipe emission rules and its drive to phase out gas-powered cars. “The President’s divisive, partisan agenda is jeopardizing our lives, our economy and our environment,” California Attorney General Rob Bonta said.   “It’s reckless, it’s illegal, and because of it, we’ll be […]

US aerospace industry anxious as tariffs loom

US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that the proposed Trump administration levies could eat into the healthy trade surplus the sector has enjoyed for more than 70 years. At the request of President Donald Trump, Commerce Secretary Howard Lutnick’s department launched an investigation on May 1 to […]

Subscribe Now

Never miss any important news. Subscribe to our newsletter.