(Reuters) – Tech giants Apple and Microsoft remained the top two global companies by market capitalisation at the end of July after riding this year’s rally in technology shares. Apple last month became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new…
BEIJING (Reuters) – Chinese ministries, regulators and the central bank on Tuesday pledged more financing support to small businesses, suggesting an urgency among policymakers to revive the private sector amid a flagging economic recovery. China will encourage financial institutions to offer targeted and diversified financial support to some small and medium-sized enterprises in the manufacturing…
By Michael Martina WASHINGTON (Reuters) – The U.S. State Department’s former top China policy official, Rick Waters has joined Eurasia Group, the consulting firm said on Tuesday, after a nearly three-decade career as a diplomat. Waters, who in June stepped down from his role leading the State Department’s “China House” policy division at a time…
By Noel Randewich (Reuters) – It’s a high bar, but companies reporting second-quarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter. S&P 500 companies that led in discussion of AI during quarterly conference calls with analysts earlier this year have outdone themselves in their latest quarterly calls….
By Sheila Dang and Katie Paul (Reuters) – Reels, Meta Platforms’ answer to viral short-form video app TikTok, elicited eyerolls when it launched in 2020 and was regarded as yet another example of Meta copying a popular rival. But on Wednesday, Meta revealed numbers that show Reels videos are growing rapidly among both users and…
By Diane Bartz WASHINGTON (Reuters) – U.S. senators Elizabeth Warren, a Democrat, and Lindsey Graham, a Republican, said on Thursday they would push for an ambitious bill to create a new government regulator empowered to rein in Meta Platforms’ Facebook, Alphabet’s Google, Amazon.com and other Big Tech platforms. For several years, bills intended to clip…
(Reuters) – It only takes just a fraction of a second to suffer a pretty serious burn. Asphalt and concrete in direct sunlight can often reach surface temperatures as high as 82 Celsius (180 Fahrenheit) on the hottest days, said Dr. Kevin Foster, who directs the Arizona Burn Center in Phoenix. Forecasters predict another heat…
By Jibran Ahmad PESHAWAR, Pakistan (Reuters) -The death toll from a suicide bombing in Pakistan that targeted a hard-line religious group’s political rally and raised security concern for a general election due by November has risen to 56, a government official said on Tuesday. The attack was the deadliest on a political party since campaigning…
LONDON (Reuters) – British house prices fell by the most since 2009 in the 12 months to July, mortgage lender Nationwide said on Tuesday, as the drag from rising interest rates on the housing market intensified. Compared with July last year, the average house price was down 3.8% after a 3.5% annual fall in June,…
SHANGHAI (Reuters) -Chinese electric vehicle maker Zhejiang Leapmotor Technology unveiled on Monday a new platform it developed in-house for making vehicles, which its chief executive said it wants to license to other automakers. The “Four Leaf Clover” architecture features an integrated computing platform capable of controlling all intelligent functions including an EV’s autonomous driving and…
