Culture
California governor vetoes contentious AI safety bill
CALIFORNIA Governor Gavin Newsom on Sunday vetoed a hotly contested artificial intelligence safety bill after the tech industry raised objections, saying it could drive AI companies from the state...
Fire breaks out at Chinese battery giant CATL plant
A FIRE broke out on Sunday at a factory belonging to Chinese battery giant CATL, which supplies electric vehicle makers including Tesla, but only a “relatively small” impact on...
EU aims to block Chinese hydrogen tech in resilience push
THE European Union will take steps to exclude Chinese manufactured hydrogen electrolyzers from an upcoming auction aimed at spurring the production of the fuel during the bloc’s green transition.The...
Baltic Exchange Shipping Insights
Capesize
This week saw significant positive momentum in the Capesize market. The BCI 5TC surged by $3,436, closing the week at $30,598, driven largely by robust activity in the North...
US Eastern ports prepare to close with dockworker talks stalled
Key industry and government officials are urging US dockworkers and their employers to avoid a strike at East and Gulf coast ports this week, though many facilities are already...
Nio China unit to get 13.3 billion yuan from parent, investors
CHINESE electric vehicle (EV) maker Nio Inc plans to pump in 13.3 billion yuan (S$2.4 billion) into its China unit with a mix of its own cash and strategic...
Zuckerberg’s metaverse gamble pays off with US$201 billion fortune
MARK Zuckerberg’s bet on the metaverse initially looked like a colossal mistake, wiping more than US$100 billion from his net worth. But now it’s paying off big-time.Buoyed by a...
Nasdaq rally to face significant obstacles
US main indexes marked stellar performance in the first half of 2024, with the Nasdaq Composite climbing 18.1 per cent. However, after reaching for the year in July, the...
US dollar drops after inflation data; yen rebounds on Ishiba win
The US dollar weakened on Friday (Sep 27) after a reading of US inflation indicated price pressures continue to cool, while the yen strengthened against the greenback after former...
US dollar weakens after inflation data; yen rebounds on Ishiba win
The US dollar weakened on Friday (Sep 27) after a reading of US inflation indicated price pressures continue to cool, while the yen strengthened against the greenback after former...
