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Fri, Jan 16, 2026 03:45 AM All times are UTC

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Apple iPhone Sales Drop 9% in China as Xiaomi Surges 40%

Apr 18, 2025 11:01 am UTC| Technology Business

Apples iPhone shipments in China dropped 9% year-over-year in Q1 2025, making it the only major smartphone brand to report a decline, according to IDC. The U.S. tech giant shipped 9.8 million iPhones during the quarter,...

Nvidia Faces $5.5B Hit as U.S. Restricts H20 AI Chip Exports to China

Apr 18, 2025 11:00 am UTC| Technology Business Governance

Nvidia (NASDAQ:NVDA) announced it will incur $5.5 billion in charges after the U.S. government indefinitely restricted exports of its H20 AI chip to China, a critical market for its data center products. The H20 chip,...

Intel Restructures Leadership Under New CEO to Boost AI and Engineering Focus

Apr 18, 2025 10:59 am UTC| Technology Business

Intels new CEO, Lip-Bu Tan, has initiated a major leadership shakeup aimed at streamlining operations and reviving the chipmakers competitive edge. In a recent internal memo obtained by Reuters, Tan announced a flatter...

TSMC Q1 Profit Surges 60% on Booming AI Chip Demand

Apr 17, 2025 19:08 pm UTC| Technology Business

Taiwan Semiconductor Manufacturing Co (TSMC), the worlds largest contract chipmaker, reported a 60% year-over-year surge in first-quarter net profit, driven by skyrocketing demand for chips powering artificial intelligence...

Tencent, Douyin Launch Domestic Sales Initiatives Amid U.S.-China Trade Tensions

Apr 17, 2025 19:08 pm UTC| Business Technology

Chinese tech giants Tencent and Douyin, TikToks sister app in China, have launched new initiatives to support local exporters affected by the intensifying U.S.-China trade war. These efforts aim to help export-reliant...

Stargate AI Megaproject Eyes UK Expansion Backed by OpenAI, SoftBank, Oracle

Apr 17, 2025 19:08 pm UTC| Business Technology

The $500 billion Stargate data center project, backed by OpenAI, SoftBank (TYO:9984), and Oracle (NYSE:ORCL), is exploring expansion opportunities in the UK as it seeks overseas sites for scaling artificial intelligence...

Nvidia Faces Backlash Over Sudden U.S. Chip Export License Rules to China

Apr 17, 2025 04:27 am UTC| Technology Business

Nvidia (NASDAQ: NVDA) failed to alert major Chinese clients in advance about new U.S. export restrictions on its H20 AI chips, sources familiar with the matter revealed. The U.S. government notified Nvidia on April 9 that...

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Economy

Retail Investors Crowd Into Silver as Prices Surge to Record Highs

Individual investors are buying silver at an unprecedented pace, turning the metal into one of the most crowded commodity trades in global markets, according to a new report from Vanda Research. Over the past 30 days...

Asian Markets Rise as AI Rally Reignites, Dollar Stays Firm on Strong U.S. Data

Asian stock markets advanced on Friday as renewed optimism around artificial intelligence stocks lifted investor sentiment, while the U.S. dollar remained near a six-week high after strong American economic data reduced...

U.S.–Taiwan Trade Deal Spurs $500 Billion Semiconductor Investment in America

A new U.S. trade deal with Taiwan is set to significantly reshape the global semiconductor landscape, with massive investments aimed at strengthening chip manufacturing in the United States. According to Commerce Secretary...

Dollar Holds Firm as Strong U.S. Data Dims Fed Rate Cut Hopes

The U.S. dollar remained resilient on Friday, positioning itself for a third consecutive weekly gain as stronger-than-expected U.S. economic data reduced market expectations for near-term Federal Reserve rate cuts. The...

IMF Chief Signals New $8.1 Billion Ukraine Aid Program After Surprise Kyiv Visit

International Monetary Fund Managing Director Kristalina Georgieva made a surprise visit to Kyiv on Thursday, signaling continued global financial support for Ukraine as the war with Russia drags on. Speaking to Reuters,...

Politics

Former South Korean President Yoon Suk Yeol Faces Historic Court Ruling Over Failed Martial Law Attempt

Former South Korean President Yoon Suk Yeol is set to face his first court ruling on Friday in a landmark criminal case tied to his failed attempt to impose martial law, a political crisis that stunned the nation and drew...

Schumer Urges Trump to Halt ICE Raids, Citing Fear in U.S. Cities

U.S. Senate Democratic Leader Chuck Schumer sharply criticized Immigration and Customs Enforcement operations during a meeting with President Donald Trump on Thursday, warning that ongoing ICE raids in major U.S. cities...

Trump Pushes Gaza Demilitarization Deal With Backing From Egypt, Turkey, and Qatar

U.S. President Donald Trump said on Thursday that Egypt, Turkey, and Qatar are backing his push for a comprehensive demilitarization agreement with Hamas, as Washington moves forward with the next phase of its plan to end...

Trump Backs Palestinian Technocratic Government to Lead Gaza Transition

U.S. President Donald Trump announced on Thursday that he is supporting the establishment of a newly appointed Palestinian Technocratic Government to oversee the administration of Gaza during a transitional period, a...

US Imposes 25% Tariff on High-End Semiconductors as Phase One Move

The United States government has announced a 25% national security tariff on certain high-end semiconductors, marking what officials describe as a phase one step in a broader strategy to protect and strengthen the domestic...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft

A federal judge in Oakland, California, has rejected renewed attempts by OpenAI and Microsoft to dismiss a high-profile lawsuit filed by Elon Musk, allowing the case to proceed to a jury trial starting April 27. The ruling...

Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement

Major publishing companies Hachette Book Group and Cengage Group have formally asked a California federal court for permission to intervene in a proposed class action lawsuit against Google, intensifying the ongoing legal...

China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO

Chinas artificial intelligence capabilities are rapidly catching up to those of the United States and other Western nations, according to Demis Hassabis, CEO of Google DeepMind. Speaking on a CNBC podcast, Hassabis said...

xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny

Elon Musks artificial intelligence company xAI announced new restrictions on its Grok AI chatbot after the platform generated sexualized and manipulated images that raised alarms among regulators worldwide. The move comes...

TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates

Taiwan Semiconductor Manufacturing Co (TSMC), the worlds largest contract chipmaker and a critical supplier to Nvidia and Apple, is expected to deliver a record-breaking fourth-quarter profit, driven by surging global...