A lot has been made about the benefits of artificial intelligence, particularly as it relates to how big cloud companies such as Amazon (AMZN), Alphabet ‘s Google (GOOGL) and Microsoft (MSFT) are developing the software, and how hardware companies like Nvidia (NVDA) are making the brains that make all that […]
CNBC News
Michelin Guide adds 17 food stalls in Singapore to its Bib Gourmand list
Singapore’s central business district at dusk. Edward Tian | Moment | Getty Images The Michelin Guide added 17 food stalls and two restaurants in Singapore to its Bib Gourmand list this week. In total, 79 dining establishments in the city-state were named to the list, an increase from 67 last […]
Musk is ‘changing the way we think about risk’: Satellite incumbent plans fightback against Starlink
PARIS — Eutelsat is one of the biggest satellite companies in the world, but has faced declining revenue in its traditional businesses at a time when it is handling a huge acquisition and facing disruption from billionaires Elon Musk and Jeff Bezos. Eutelsat CEO Eva Berneke is betting on that […]
Once allies, Russia’s mercenary boss is now in a more precarious position with Putin
Yevgeny Prigozhin, the owner of the Wagner Group military company, arrives during a funeral ceremony at the Troyekurovskoye cemetery in Moscow, Russia, Saturday, April 8, 2023. AP Tensions have emerged this week between the Kremlin and the head of Russian private military company, the Wagner Group, as President Vladimir Putin […]
‘A war for water’: Europe sounds the alarm on water stress ahead of another extreme summer
A view of the practically empty swamp that supplied water to Fuente obejuna village in Cordoba, Spain on May 19, 2023. Anadolu Agency | Anadolu Agency | Getty Images European lawmakers issued a stark warning about the region’s growing water crisis ahead of another extreme summer, saying there is a […]
Blinken to fly to Beijing for high-stakes diplomacy after spy balloon saga
U.S. Secretary of State Antony Blinken boards his plane for travel to Berlin at Joint Base Andrews, Maryland, June 22, 2021. Andrew Harnik | Pool | Reuters BEIJING — U.S. Secretary of State Antony Blinken is set to travel to Beijing this weekend in his first trip to China under […]
China’s VCs look to the Middle East for a U.S. dollar lifeline
Saudi Foreign Minister Faisal bin Farhan al-Saud (C-R) and Vice Chairman of the Chinese People’s Political Consultative Conference (CPPCC) Hu Chunhua attend 10th Arab-China Business Conference in Riyadh, on June 11, 2023. Fayez Nureldine | Afp | Getty Images BEIJING — Venture capitalists in China that once relied on U.S. […]
Alibaba founder Jack Ma is ‘alive’ and ‘happy,’ top exec says after China’s tech crackdown
Alibaba founder Jack Ma is “happy,” according to the company’s President Michael Evans. Te comments come as speculation about the billionaire’s activities continues following China’s crackdown on Ma’s empire. Costfoto | Future Publishing | Getty Images PARIS — Alibaba founder Jack Ma is “alive” and “happy,” the Chinese e-commerce giant’s […]
Ukraine’s counteroffensive has been underwhelming so far — but it’s low key for a reason
Ukrainian servicemen ride atop an armored personnel carrier vehicle in the Zaporizhzhia region on June 11, 2023. Anatolii Stepanov | Afp | Getty Images When Ukraine’s counteroffensive started last week there was no fanfare or official announcement, but that wasn’t entirely unexpected. Kyiv had repeatedly insisted in the months up […]
China’s economic recovery is stalling. Here’s what to expect next
A raft of weak Chinese economic data in May has raised hopes of decisive policy intervention. Market watchers are anticipating the next steps from China’s State Council and a Politburo meeting in July, during which the Communist Party’s top brass will review the country’s economic performance in the first half […]