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NEW YORK — Video game heavyweight Valve on Monday launched a new console, dubbed the Steam Machine, that will set gamers back more than one thousand dollars due to chip prices inflated by the global AI race.
Ten years ago, economists Gordon Hanson, David Autor and David Dorn identified what they called “the China shock.” That referred to the supercharged economic growth in China triggered by its entry into the World Trade Organization in 2001 and the access to U.S. and European markets that followed. The ensuing flood o…
SpaceX is selling investment-grade bonds for the first time in what’s expected to be the start of a massive borrowing spree to fund the company’s AI ambitions following its record $75 billion IPO.
SEOUL, June 23 (Yonhap) -- The country's financial regulator said Tuesday that it will draw up a roadmap by October for the introduction of the "T+1" stock settlement system.
Beijing’s draft amendment toughens rules and extends liability, after PwC’s Evergrande penalties underscore audit failures
Beijing’s draft amendment toughens rules and extends liability, after PwC’s Evergrande penalties underscore audit failures
SEJONG, June 23 (Yonhap) -- Seoul has reached a broad consensus with the European Union (EU) regarding the economic bloc's planned implementation of a new steel import quota system that could adversely affect South Korean steelmakers, the industry minister said Monday.
KPMG’s chairman Martin Sheppard will quit the company, becoming the latest leader to resign over the consultancy’s handling of allegations from a whistleblower that it misused confidential client information.
Rheinmetall's FV-014 loitering munition drone on exhibition at a recent aerospace trade show in Berlin. The German multinational company is repurposing two plants that make automotive parts into weapons manufacturers.
Everything-to-grid energy, direct lithium extraction and lattice-based cryptography are among innovations included in the World Economic Forum's Top 10 Emerging Technologies Report for this year.
‘If Hong Kong hopes that our neighbouring cities or competitors can stand still … I think that is unrealistic,’ tourism minister says
‘If Hong Kong hopes that our neighbouring cities or competitors can stand still … I think that is unrealistic,’ tourism minister says
Manhattan Gold Corporation has kicked off a comprehensive exploration program at its Hook Lake project in Nunavut, Canada, launching a 4000-metre reverse circulation (RC) drilling campaign, marking the first modern drilling on the ground in more than 30 years.
Consumer sentiment rose for the second consecutive month in June on strong exports and the stock market rally, the central bank said Tuesday.
Economists warn the narrow growth will leave sectors including construction, retail, services and small businesses struggling to keep pace
Economists warn the narrow growth will leave sectors including construction, retail, services and small businesses struggling to keep pace
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At least 1,000 LGBT veterans who were thrown out of the armed forces for being gay face missing out on financial compensation, a military charity has warned.
Beijing has stepped up corporate regulatory enforcement this year, though analysts say it's unlikely to pursue a repeat of the 2021 crackdown that wiped out more than $1 trillion from Chinese tech stocks.
Tencent leads pack, but country’s largest listed firms remain dominated by state-owned banks, energy producers and consumer brands
Tencent leads pack, but country’s largest listed firms remain dominated by state-owned banks, energy producers and consumer brands
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses.
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The scheme aimed at easing chronic labour shortages must strike a balance between sustaining healthy economic growth and preventing abuse
The scheme aimed at easing chronic labour shortages must strike a balance between sustaining healthy economic growth and preventing abuse
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Alan Greenspan, the jazz-playing US Federal Reserve chair who was celebrated for engineering a decade of prosperity but later shared the blame for a devastating financial crisis, died on Monday (US time). He was 100.
A biogas plant in the U.K. acquired by a Kanadevia subsidiary last year. (Kanadevia)
The U.S. issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.
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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
The founder of China's largest e-commerce and logistics companies fired off a warning shot to hundreds of thousands of delivery workers that the rise of automation and AI adoption in the last-mile will result in hundreds of thousands of job losses "sooner or later."
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Ukrainian Economy Minister Oleksii Sobolev said Ukrainian companies have approached some Japanese companies about cooperation. (Photo by Natsuki Kaneko)
Economy Minister Oleksii Sobolev says the Ukrainian government is interested in cooperating with Japanese companies and is ready to start discussions on the terms. (Photo by Natsuki Kaneko)
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Taiwanese firm HDRE operates this energy storage facility in northern Japan’s Sapporo. (Photo by Mao Kawano)
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Families of Indonesian "kidfluencers" like Leika Hidayat, left, and Charissa Putri, right, have come to rely on their children's popular social media accounts for income, but this is under threat with the government's under-16 social media ban. (Source photos from screenshot of Leika Hidayat's TikTok page and Eva Ro…
SEOUL, June 23 (Yonhap) -- Consumer sentiment rose for the second consecutive month in June on strong exports and the stock market rally, the central bank said Tuesday.
Foodpanda couriers on bicycles wear pink uniforms to match the company's brand color. (Photo by Sadachika Watanabe)
Foodpanda couriers on bicycles wear pink uniforms to match the company's brand color. (Photo by Sadachika Watanabe)
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Leonardo Maria Del Vecchio, an heir to the Ray-Ban empire built by his late father, publicly challenged his family’s holding company to back his €10 billion ($16.2 billion) buyout of two siblings days before a crucial June 30 shareholder meeting.
Sen. Tim Scott, R-S.C., asks questions following Treasury Secretary Scott Bessent’s testimony before the Senate Committee on Finance hearing to examine the President’s proposed budget request for fiscal year 2027, Wednesday, June 3, 2026 in Washington. (AP Photo/Allison Robbert)
ATLANTA — The Atlanta Hawks have agreed to a deal to acquire wing Aaron Wiggins from the Oklahoma City Thunder, a person with knowledge of the agreement told The Associated Press on Monday.
U.S. stocks drifted through a mixed day of trading after oil prices eased and falling Big Tech stocks weighed on Wall Street.
WASHINGTON, June 22 (Yonhap) -- China's new sanctions on some American firms reaffirm that Chinese suppliers are "unreliable," a U.S. official said Monday, defending the Pentagon's procurement restrictions on Chinese companies as helping ensure "secure and reliable" supply chains for the U.S. military.