BANGKOK (AP) — Shares were mixed in Asia, while oil prices gained more than 2% after jumping the day before due to uncertainty over when the Strait of Hormuz may reopen, getting the global flow of crude going again. U.S. futures edged lower. Oil prices rose after U.S. President Donald Trump scoffed at demands from…
KARAK, Malaysia (AP) — Malaysian durian orchard owner Stephen Chow’s workers spend hours in the fields in the dead of night, donning headlamps to collect freshly ripened fruit coveted by Chinese consumers. But the hard work may not be enough to keep Chow out of the red. Durian lovers prize the Malaysian premium varieties such…
BRUSSELS (AP) — The European Union is offering 10 billion euros ($11.4 billion) in funding for firms to erect seven AI gigafactories as it seeks to close the AI gap with U.S. and China, the 27-nation bloc’s executive said on Thursday. The European Commission said it would like the public financing to draw an additional…
BANGKOK (AP) — Shares were mostly higher Monday in Asia as oil prices slipped more than 4% after the U.S. and Iran refrained from fighting while discussing a possible resumption of negotiations on an interim ceasefire deal. Shares in Chinese memory chipmaker CXMT soared about 470% as they began trading on Shanghai’s technology board. The…
CAIRO (AP) — The United States paused its attacks on Iran for a second straight day Sunday and Tehran said it had done so too, as efforts continued to bring the countries back to negotiations on an interim ceasefire deal largely undermined by recent exchanges of fire. It was not clear why the U.S. has…
BEIJING (AP) — China announced on Friday it was adding 14 European entities to an export control list in retaliation for the European Union penalizing 14 Chinese enterprises as part of its latest round of sanctions against Russia. Chinese companies will not be allowed to export dual-use items, which can be used for both civilian…
BANGKOK (AP) — European shares mostly fell and Asian shares advanced on Thursday, while the intensifying war with Iran pushed Brent crude to over $98 a barrel. The futures for the S&P 500 and the Dow Jones Industrial Average slipped 0.4%. Germany’s DAX lost 0.6% to 24,999.26 in early trading and the CAC 40 in…
DUBAI, United Arab Emirates (AP) — The United States conducted a new round of airstrikes early Monday targeting Iran after announcing the death of another American service member, hitting around a northwestern city believed to be home to underground missile bases. Iran responded by launching an attack targeting Bahrain, the home of the U.S. Navy’s…
Another powerful new artificial intelligence model from China took the U.S. tech industry by surprise Friday, the latest sign that Chinese startups that publicly release their “open-source” AI technology are making the California titans of AI sweat. The newest Kimi K3 model from Beijing-based startup Moonshot, run by a Pink Floyd-loving entrepreneur who earned his…
HONG KONG (AP) — China signaled on Friday that the United States could restore Hong Kong ‘s preferential privileges, saying Washington confirmed it will not renew an executive order that revoked the city’s special trading status. The Commerce Ministry said that the U.S. made commitments on Hong Kong issues and other matters during the U.S.-China…