Chinese electric vehicle maker BYD reported another monthly decline in vehicle sales, marking its longest-ever downturn as demand in its home market remains subdued. BYD’s vehicle sales fell 15.5% year-on-year in April, extending the streak to eight consecutive months of decline. The figures were based on Reuters calculations using data from a Weibo post by…
Russia is now importing more than 90% of its sanctioned technology through China, a sign of Moscow’s increasing reliance on Beijing to sustain its war effort in Ukraine, Bloomberg reported on April 30. This figure represents a significant increase from approximately 80% last year. The increase follows the European Union’s crackdown on alternative routes Russia previously used to acquire restricted goods. According to Bloomberg’s sources, who spoke on condition…
Joshua Sukoff/Shutterstock You can add Amazon Web Services, Microsoft and NVIDIA to the growing list of tech giants that have decided to give the US Defense Department access to their AI tools. According to Bloomberg, the three companies — alongside a forth, Reflection AI — have signed…
Wirestock Creators / Shutterstock.com ENGINEERING firm Johnson Matthey has partnered with Chinese green energy developer Guangdong Liquid Sunshine to build a biomethanol plant in Tiandong County, Guangxi. Johnson Matthey will provide its methanol synthesis technology to convert gasified biomass waste into biomethanol. The plant is expected to have a production capacity of 75,000 t/y. China…
The new UK Town of Culture prize will see one town with a population size of fewer than 20,000 people given the title and a funding boost of £3million. Pitlochry has launched a bid to become the UK’s first-ever Town of Culture(Image: Clare McMicking / CraicN Communications.) Pitlochry has announced its bid to become the…
Chinese President Xi Jinping has called upon the nation to step up its efforts in research and innovation. Xi, while addressing a symposium in Shanghai on Thursday, underscored the importance of basic research as the cornerstone of the entire scientific system, reported the South China Morning Post. He pointed out that global tech rivalries are increasingly centered on basic…
Even as the S&P 500 continues to set new all-time highs, there are some warning signs emerging. The labor market is showing signs of stagnating, inflation shot much higher in March, and the Iran war is hanging a cloud of uncertainty over everything. Corporate earnings are still likely to show solid growth in the coming quarters,…
A military entourage for King Charles and Queen Camilla’s visit April 30 to Arlington National Cemetery carried the United Kingdom’s national flag upside down, setting off pithy remarks in the British press. Photographs show that during the royal couple’s stop at the Virginia cemetery, the Union Jack’s red and white stripes were wrong side up….
The war for securing young talent is not limited to club football, but is quite widespread even on the international scene. Such battles are seen best in cases where young players are eligible to represent more than one national team owing to their family’s grassroots, leading to a battle between the country of their origin…
ZENICA, Bosnia, May 1 (Reuters) – Hundreds of workers marched through Bosnia’s central city of Zenica on Friday, protesting against the closure of the country’s last steel mill which they said marked the end of an era of heavy industry. Last week’s shutdown of the 130-year-old Zenica Steel Factory put thousands of jobs at risk…