North Korea said during rare talks with the South it will send a delegation of high-ranking officials, athletes and a cheering squad to the Pyeongchang Winter Olympics in South Korea next month, a senior South Korean official said on Tuesday. Seoul proposed inter-Korean military talks to reduce tensions on the Korean peninsula and a reunion […]
Read moreTesla is gearing up to manufacture its cars in China, but one of its primary competitors there says it isn’t sweating the competition. Louis Hsieh, CFO of Chinese electric vehicle start-up Nio, told CNBC Tuesday that he firmly believes his company is up to the challenge posed by Elon Musk’s barrier-breaking car company. China has […]
Read moreThe subdued growth in wages amid an expanding economy and declining unemployment has puzzled many, but one economics professor said he may have an explanation for that phenomenon. The answer lies in automation, according to Christopher Pissarides from the London School of Economics. He explained that technology has helped certain segments of the workforce do […]
Read moreChina’s burgeoning financial technology industry went through plenty of ups and downs last year, but growing pains experienced in the sector aren’t fazing one local player. Growth in the fintech space — which encompasses everything from peer-to-peer lending to insurance technology (insurtech) — has been rapid. And that’s been on top of a sector that […]
Read moreInvestors are eagerly awaiting another “connect” program that will allow them to invest in the Chinese market as exchange-traded funds become the next product to join the party, a China stocks expert said Tuesday. Following launches of the Shanghai– and Shenzhen-Hong Kong Connect programs in the last few years, Chinese regulators now have plans for […]
Read moreIntel CEO Brian Krzanich said Monday the chip maker expects to issue updates to all of its processors released in the last five years before the end of January. The announcement followed the disclosure of massive security vulnerabilities last week that affect Intel chips. “For our processors, products, introduced in the past five years, Intel […]
Read moreChinese education start-up Liulishuo has developed what it calls the world’s first artificial intelligence English teacher. After years spent gathering data on Chinese people speaking English, the firm employed deep learning to create personalized English courses powered by AI. Available on the firm’s mobile app, the courses were launched in 2016 and boast around 50 […]
Read moreNorth and South Korea kicked off their first formal talks in more than two years on Tuesday, brought together by sport to discuss how the North’s athletes can attend next month’s Winter Olympics in the South despite simmering fears of conflict. Regardless of its narrow, primarily sporting agenda, the meeting is being closely watched by […]
Read moreTwo U.S. companies shelved proposals to launch bitcoin exchange-traded funds, citing ongoing concerns by the Securities and Exchange Commission (SEC), filings showed on Monday. Staff at the regulatory agency “expressed concerns regarding the liquidity and valuation” of futures contracts based on the digital asset, according to one of the filings. The move adds a new […]
Read moreFacebook said that Chinese smartphone maker Xiaomi will make the hardware for the upcoming Oculus Go virtual-reality headset. “Xiaomi is our hardware partner for launching Oculus Go globally,” Hugo Barra, a former Xiaomi executive who was hired by Facebook a year ago, said on Monday. Xiaomi is also building a product called the Mi VR […]
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