In a move aimed at safeguarding national security and preserving its interests, China's Ministry of Commerce declared on Monday that it would enforce export controls on certain metals extensively utilized in the semiconductor sector.
Go Deeper (2 min read)Softbank To Charge Ahead
SoftBank Group's chairman and CEO, Masayoshi Son, announced on Wednesday that the Japanese investment firm is preparing to transition from a defensive stance to an offensive strategy,
Go Deeper (2 min read)The AI Bubble?
Jeremy Siegel, a well-known economist and professor at Wharton, remains optimistic about a potential Big Tech boom driven by artificial intelligence, despite concerns of a possible bubble forming.
Go Deeper (2 min read)Paradigm-Shifting AI Assistants
Microsoft co-founder Bill Gates expressed his belief that the leading company in the field of artificial intelligence (AI) in the future will be the one that creates a personal digital agent capable of performing various tasks for individuals.
Go Deeper (2 min read)EV Deliveries Plunge In China
Xpeng has projected that its vehicle deliveries for the second quarter will range between 21,000 and 22,000, indicating a year-over-year decline of approximately 36.1% to 39.0%.
Go Deeper (2 min read)More from Business
China's Car Market Booms
At the Shanghai auto show, global auto executives are returning to a vastly different market than the one they left in 2021. China-made brands now dominate key segments, propelled by new electric-drive models that are gaining ground both domestically and internationally.
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Luxury Slows Down, Just A Bit
LVMH's sales report for the first quarter revealed that wealthy consumers in the United States are reducing their purchases of high-end fashion and leather goods.
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Warren Buffet Increases His Exposure To Japan
Buffett expressed his satisfaction with his current investments in these firms and stated that he is considering investing further in five of Japan's major trading houses.
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China's Manufacturing Loses Momentum
China's manufacturing industry, which accounts for one-third of the world's second-largest economy, lost momentum in March due to weak export orders, hindering the country's economic recovery from COVID-19 restrictions.
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Alibaba Announces Major Restructuring Plans
On Tuesday, Alibaba Group announced its plans to divide into six units, with most of them seeking fundraisings or listings, in its largest restructuring in its 24-year history
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HindenBurg Tackles Square
Hindenburg Research has announced that it holds short positions in Block Inc and has accused the payments company, led by Twitter co-founder Jack Dorsey, of inflating its user numbers and understating its customer acquisition costs.
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