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Kamala Harris warns window closing for AI safeguards, urges US-China cooperation
SEOUL: Former US Vice President Kamala Harris urged governments and technology companies on Wednesday to urgently put safeguards in place for artificial intelligence, warning that the window for…
Business RecorderChina stocks edge towards one-year low, dragged down by AI hardware share
SHANGHAI: Chinese stocks slipped on Wednesday as a selloff in AI-related supply chain shares deepened and as investors digested mixed domestic inflation data, leaving the blue-chip benchmark…
Business RecorderChina approves Geely acquisition of 34% of Ford España
BEIJING: China’s market regulator has unconditionally approved Geely’s acquisition of 34% of Ford Motor’s Spanish subsidiary Ford España, it said on Monday.
Business RecorderNvidia pledges $250 million to UK AI safety research
LONDON: US chipmaker Nvidia has pledged $250 million worth of computing resources to Britain over five years, to fund AI security research, bolstering the country’s ambitions to become a global…
Business RecorderUK finance minister Healey set to pay for budget giveaways without more borrowing, FT reports
UK Finance Minister John Healey is expected to pay for all new giveaways in this month’s budget, including a cost-of-living package, with higher taxes or spending cuts rather than more borrowing…
Business RecorderOil prices climb as Iran deploys new tactics to target ships transiting Hormuz
TOKYO: Oil prices climbed on Wednesday after two vessels were struck in the Strait of Hormuz and Iranian officials told Reuters they were deploying new tactics to target ships, as Tehran seeks to…
Business Recorder
Pakistan gets first LNG shipment of October amid gas supply concerns
A liquefied natural gas tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan.
Geo NewsIMF's Georgieva says US growth will not be enough to shrink debt
BANGKOK: The United States cannot grow its way out of mounting public debt and needs to make other fiscal adjustments to put its debt on a more sustainable path, International Monetary Fund Managing…
Business Recorder
China's exports surge 36.3% y/y in September, imports up 31%
BEIJING: China’s exports in September soared 36.3% from a year earlier in US dollar terms, far outpacing forecasts, while imports grew 31%, customs data showed on Wednesday.
Business Recorder
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