British Prime Minister Theresa May will meet European Union chief executive Jean-Claude Juncker before dawn in Brussels on Friday as the two sides seek to clinch a deal to open talks on post-Brexit trade. May will meet the European Commission president at 0600 GMT, with a news conference to follow half an hour to an […]
Read moreAustralia and China are at loggerheads over Beijing’s attempt to influence politics Down Under. Last week a prominent Australian lawmaker was forced out amid accusations about his involvement with Beijing, and, earlier this week, Australian Prime Minister Malcolm Turnbull cited “disturbing reports about Chinese influence” while announcing proposals to clamp down on foreign meddling in […]
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You can do almost anything now on a single mobile device. But in China, you can do almost anything on just one single app: Weixin — known as WeChat outside of China. Tencent, the company behind the massively popular app, is China’s biggest social network and gaming company. It’s now one of the most valuable […]
Read moreHong Kong-based private equity and venture capital firm First Eastern Investment Group is betting big on China’s burgeoning financial technology sector, its chairman and chief executive told CNBC. “I’m putting my money on Chinese fintech, particularly the payments sector going global,” Victor Chu said Friday on the sidelines of the Fortune Global Forum in Guangzhou, […]
Read moreNvidia on Thursday announced the launch of its latest graphics card for artificial intelligence. CEO Jensen Huang showed off the Titan V graphics processing unit for desktop PCs, which employs Nvidia’s seventh-generation Volta architecture, for the first time at a major AI conference in Long Beach, Calif. The new GPU delivers 110 teraflops of performance, […]
Read moreRobots are changing the way people live and Kuka wants a big slice of the pie in China, where the company is gunning to lead the market. “Our goal is really to be number one in China,” said Till Reuter, CEO of the German firm that was acquired last year by Chinese electrical appliance manufacturer […]
Read moreChina reported its latest batch of trade data on Friday. Chinese dollar-denominated exports rose 12.3 percent year-over-year for the month of November, easily topping the 5 percent expected by a Reuters poll. Similarly, November’s dollar-denominated imports rose 17.7 percent against the year-ago period, compared to an 11.3 percent gain expected by a Reuters poll. Overall, […]
Read moreJapan’s economic growth rate doubled in the third quarter thanks to big gains in capital expenditure, revised data showed on Friday, with expansion seen to continue thanks to buoyant exports. The capital expenditure component of gross domestic product was revised to a rise of 1.1 percent from the previous quarter, well over the forecast 0.4 […]
Read moreThe cryptocurrency market has had a banner year thanks to the meteoric rise in bitcoin prices and the huge popularity of initial coin offerings as a new way of fundraising. Many people are buying into new digital tokens with the assumption that those virtual currencies will appreciate over time at levels similar to bitcoin, or […]
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