Alibaba Group Holding’s chip unit T-Head and Alipay, the payment service under Alibaba’s financial affiliate Ant Group, will release computing chips for secure payments based on the RISC-V instruction set architecture, the two entities said. The development comes as Chinese companies continue to invest heavily in chips, in the wake of U.S. export restrictions targeting China’s […]
The White House on Thursday announced a new cybersecurity strategy in the latest effort by the U.S. government to bolster its cyber defenses amid a steady increase in hacking and digital crimes targeting the country. The strategy, which is intended to guide future policy, urges tighter regulation of existing cybersecurity practices across industries and improved […]
The United Arab Emirates’ economy expanded 7.6% last year, a senior official said on Thursday, about double the rise in gross domestic product (GDP) recorded in 2021 as the Gulf state rebounded sharply from the Covid-19 pandemic. While higher energy prices supported economic growth across the Gulf region’s oil exporters last year, a slowdown is […]
Apple supplier Foxconn will invest an undisclosed sum in India’s southern state of Telangana towards an electronics manufacturing facility in the south Indian state, the state’s chief minister said on Thursday. The investment will create 100,000 jobs in the state, Telangana’s IT minister KT Rama Rao said. The announcement followed a meeting between Telangana’s chief minister […]
Global energy-related emissions of carbon dioxide hit a record high last year, although more clean technology such as solar power and electric vehicles helped limit the impact of increased coal and oil use, the International Energy Agency (IEA) said on Thursday. Deep cuts in emissions, mainly from burning fossil fuels, will be needed over the […]
Saudi Arabia has launched 192 billion riyals ($51.2 billion) of investments led by local companies, including oil giant Aramco , SABIC and Ma’aden, under a government-backed initiative, state news agency SPA reported. The projects are part of a programme called Shareek, a 5-trillion-riyal investment initiative announced by Saudi Crown Prince Mohammed bin Salman in 2021, as the […]
Vietnam’s National Assembly on Thursday elected Vo Van Thuong as the country’s new president, in a reshuffle of the country’s top leadership amid a sweeping anti-graft campaign. In an extraordinary session, lawmakers confirmed Thuong, 52, after the ruling Communist Party nominated him on Wednesday as president, a largely ceremonial role but one of the top four political […]
U.S. boutique investment firm GQG Partners has bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller’s critical report sparked a stock rout. Seven listed Adani companies have lost some $135 billion in market value since Jan. 24, when Hindenburg Research accused it […]
Tesla Inc’s shares fell about 7% on Thursday, after Chief Executive Elon Musk and team’s four-hour presentation failed to impress investors looking out for an announcement on an affordable electric car and a plan with a concrete timeline. Musk and more than a dozen executives laid out fresh plans to cut assembly costs by half, invest […]
Only a third of the massive fiscal interventions put in place by European governments 1 to shield consumers from rising energy prices have been targeted at vulnerable categories. This must change. Building on the ECB recommendations, a “Green triple-T” criterion for future interventions to be tailored, targeted and transition-proof should be established to help Europe become greener and […]
