Over the past three years, Beijing, China has made significant strides in allowing robotaxis to operate closer to the city center. A recent development includes testing robotaxis with human staff inside to run a route between a major high-speed train station and a suburban area to the south of Beijing. This marks a major expansion
World
The Bilderberg Meeting in Madrid, Spain, is set to kick off with an impressive list of attendees, including CEOs from major artificial intelligence companies like Google DeepMind, Microsoft AI, Anthropic, and Mistral AI. These tech leaders will be joined by other prominent figures such as Citigroup CEO Jane Fraser, former Google CEO Eric Schmidt, Pfizer
Pinduoduo (PDD) has emerged as a dominant player in China’s e-commerce space, surpassing industry stalwarts like Alibaba Group and JD.com in market capitalization. Not only has PDD’s value-for-money positioning resonated well with consumers, but its innovative marketplace approach through Temu has also contributed significantly to its success. The company’s first-quarter results showcased remarkable growth, with
The prices of precious metals, specifically gold, have been skyrocketing to unprecedented levels, hitting a new record high of $2,449.89 per ounce. Currently trading at $2,351.3, gold has maintained its upward momentum due to a weakened U.S. dollar and falling U.S. Treasury yields. China’s increased demand for gold jewelry, with a 10% rise in purchases
Asia-Pacific markets saw a boost on Monday as China’s industrial profits rose by 4.3% year on year in the first four months of the year, according to official data from the National Bureau of Statistics. This increase in profits contributed to the positive outlook in the region, with Mainland China’s benchmark CSI 300 index climbing
Recently, Asia equity analyst Yang Liu and a team at Morgan Stanley updated their forecasts for Tuya, a U.S.-listed Chinese company that generates most of its revenue from overseas markets. The analysts not only raised their price target on Tuya by 50 cents to $3.50 but also expressed optimism about the potential for the company’s
Recent military exercises conducted by China around Taiwan have raised tensions in the region. The drills involved simulated attacks with bombers and the boarding of ships, which Taiwan has condemned as a “blatant provocation.” These exercises were part of the “Joint Sword – 2024A” drills that took place for two days, starting from Thursday and
The recent clash between X CEO Linda Yaccarino and Australia’s online safety regulators has once again brought to light the challenges faced by social media platforms in balancing online safety regulations with freedom of speech. The standoff occurred after a court in Australia refused to extend a temporary order blocking videos of a violent incident
Nvidia shares skyrocketed above $1,000 for the first time in after-hours trading following the chipmaker’s release of its fiscal first-quarter results, exceeding analyst expectations. This surge reflects a growing enthusiasm among investors for Nvidia’s performance and innovation. Nvidia’s quarterly earnings have increasingly become a litmus test for the AI market’s health, which has captured the
Federal Reserve officials are facing uncertainty and confusion when it comes to the inflation picture in the United States. Julian Howard, lead investment director of multi-asset solutions at GAM, expressed his concerns, stating that Fed officials seem to have “no idea” about what is happening with inflation. Despite recent calls for patience in regards to