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CATL Eyes $5 Billion Hong Kong Listing Amid Market Challenges

Feb 11, 2025 04:46 am UTC| Technology Business

Chinese battery giant Contemporary Amperex Technology Co. (SZ:300750), or CATL, is reportedly preparing to file for a Hong Kong listing this week, aiming to raise at least $5 billion. According to sources cited by Reuters,...

BYD’s Smart Driving Push Sparks Price War Concerns, Pressures Rivals Xpeng and Geely

Feb 11, 2025 04:45 am UTC| Technology Business

Shares of Chinese EV makers Xpeng (NYSE:XPEV) and Geely Auto (HK:0175) plummeted on Tuesday, down 5.9% and 7.2%, respectively, following BYDs (SZ:002594) game-changing move to offer advanced driver-assistance systems...

DeepSeek’s AI Surge Sparks Short-Selling Conspiracy Amid Market Disruptions

Feb 11, 2025 04:19 am UTC| Technology

Chinese AI startup DeepSeek is facing repeated website crashes and cybersecurity concerns, raising suspicions that its sudden rise was a strategic move to manipulate the market. On the Navellier Market Buzz podcast,...

South Korea Warns Against Chinese AI App DeepSeek Over Data Privacy Concerns

Feb 11, 2025 04:12 am UTC| Technology Business Law

South Koreas National Intelligence Service (NIS) has raised concerns over the Chinese AI app DeepSeek, accusing it of excessively collecting user data and using all inputs for AI training. The NIS issued an official notice...

Tesla's Shanghai Megafactory Begins Megapack Battery Production

Feb 11, 2025 04:08 am UTC| Technology Business

Tesla (NASDAQ: TSLA) has officially started production at its Shanghai battery megafactory, dedicated to manufacturing its high-capacity Megapack energy storage systems, according to Chinas state news agency, Xinhua. The...

Global AI Summit in Paris: Leaders Debate Regulation and Innovation

Feb 10, 2025 07:53 am UTC| Technology Politics Business

World leaders and tech executives are gathering in Paris to discuss AI regulation and innovation amid growing calls for a balanced approach. As AI advancements accelerate, nations are reassessing strict regulatory...

Nokia CEO Pekka Lundmark to Step Down, Justin Hotard Named Successor

Feb 10, 2025 07:52 am UTC| Technology Business

Finnish telecom giant Nokia (HE:NOKIA) announced on Monday that CEO Pekka Lundmark will step down, with Justin Hotard set to take over the role. The leadership transition marks a strategic shift for the company as it...

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Economy

Asian Stocks Mixed as Korean Chipmakers Rally

Asian stocks traded mixed on Tuesday as strong gains in South Korean semiconductor shares boosted the regions technology sector, while rising oil prices, higher U.S. Treasury yields and expectations for tighter monetary...

Canada Retaliatory Tariffs on U.S. Goods Take Effect

Canada imposed retaliatory tariffs on $20 billion worth of U.S. goods early Tuesday, escalating its trade dispute with the United States after negotiations between the two countries collapsed last month. Prime Minister...

Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate

Iran warned Monday that it would retaliate against further U.S. attacks, threatening American oil and gas interests across the Gulf as renewed hostilities raise concerns over global energy supplies and shipping through the...

US Stock Futures Mixed as Fed Rate Hike Bets Rise

U.S. stock futures traded mixed Tuesday as Wall Street returned from the Labor Day holiday, with investors weighing stronger employment data, rising oil prices and growing expectations that the Federal Reserve could raise...

China Exports Surge 25% in August as Trade Surplus Hits $119 Billion

Chinas exports posted another strong increase in August, while imports exceeded market expectations, highlighting resilient trade activity despite signs of weakness in the worlds second-largest economy. Official customs...

Politics

Trump Threatens Bombardier U.S. Sales Ban

U.S. President Donald Trump threatened to block Canadian aircraft maker Bombardier from selling planes in the United States unless the company expands its manufacturing operations in the country, escalating tensions...

Australia Plans New Rules Giving Users Control Over Social Media Feeds

Australia has proposed new social media regulations that would give users greater control over the content appearing in their feeds, expanding the governments efforts to strengthen online safety and regulate major...

Cuba Says No US Talks as Blockade Costs Hit $8.1 Billion

Cubas foreign minister said Monday that no negotiations with the United States are currently taking place and there are no plans for future talks, as Havana blamed Washingtons decades-old trade embargo for more than $8...

Bolivia Military Barracks Explosion Kills Nine

Bolivian authorities confirmed on Monday that the death toll from an explosion at a military barracks in Viacha has risen to nine, while rescue teams continue searching for people still missing after the deadly blast. The...

Iran Threatens US With ‘Economic Warfare’ as Gulf Tensions Rise

Iran threatened the United States with economic warfare on Tuesday and claimed it had launched an advanced ballistic missile toward U.S. warships, raising concerns about another escalation in the six-month conflict. The...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Anthropic Drops $6 Billion Decart AI Acquisition Talks

Anthropic has reportedly abandoned plans to acquire artificial intelligence startup Decart AI after exploring a potential transaction valued at roughly $6 billion, according to Bloomberg News. The maker of the Claude AI...

Huawei Launches Mate XT2 Foldable Phone in China

Huawei unveiled its latest flagship foldable smartphone, the Mate XT2, on Monday as the Chinese technology giant looks to maintain its dominance in the countrys premium smartphone market amid growing competition from Apple...

Nvidia CEO Says AGI Has Arrived With OpenAI GPT-6 Astra

Nvidia (NASDAQ: NVDA) CEO Jensen Huang has declared that artificial general intelligence, or AGI, has arrived, pointing to OpenAIs newly launched GPT-6 Astra as a major milestone in the accelerating development of...

SpaceX Turbine Push Unlikely to Threaten Howmet, Bernstein Says

SpaceXs plan to manufacture industrial gas turbine blades and vanes is unlikely to significantly threaten Howmet Aerospace, according to Bernstein analysts, who see recent weakness in Howmet shares as a potential buying...

Anthropic IPO Marketing Expected to Start in Mid-October

Anthropic is expected to begin marketing its initial public offering in mid-October at the earliest, as the artificial intelligence company adjusts the timeline for what could become one of the largest IPOs in history. The...