AUSTIN, Texas (AP) — Houston's power utility says 500,000 customers still won't have electricity next week as wide outages from Beryl persist.
Microsoft shares have fallen heavily as the software giant reported disappointing results that deepened investors’ fears about the artificial intelligence boom.
China must find an alternative approach to artificial intelligence (AI) development, in lieu of stacking up processors inside data centres, as US sanctions continue to bar the country's access to advanced semiconductors and chip-making equipment, according to industry experts on the mainland. Leveraging supercomputing technology that China has developed over the past decade could help break the stranglehold of US-led restrictions on the mainland's AI industry, according to Zhang Yunquan, a resea
Sales at the fast food giant slip 1% as cost-conscious customers spend less.
Hundreds of Chinese suppliers on Temu, the overseas shopping app run by PDD Holdings, staged a protest at the e-commerce giant's office in Guangzhou, alleging unreasonable platform policies, according to merchants and local Chinese media reports. Dozens of protesters stormed the PDD office on Monday afternoon, according to video clips posted on social media and confirmed as authentic by merchants. The Chinese media outlet, Yi Magazine, reported on Tuesday that about 80 merchants entered the PDD
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Delta is planning to bring a lawsuit against both CrowdStrike and Microsoft.
The carrier has hired star attorney David Boies to seek damages from CrowdStrike and Microsoft for the computer outage, CNBC reported.
Hong Kong is setting up its first production line for gallium nitride (GaN) wafers, a next-generation semiconductor material, as the city aims to gain a foothold in the global chip industry amid an intensified US-China technology rivalry. MassPhoton, established in Hong Kong in January this year, is working with the government-funded Hong Kong Science and Technology Parks (HKSTP) to establish an 8-inch GaN epitaxial wafer pilot production line, with the aim of achieving an annual production capa
Investing.com -- Oil prices fell sharply Tuesday as concerns about demand growth in China, the world's largest crude importer, and fears about potentially supply surplus continued to weigh on sentiment just ahead of fresh U.S. crude inventory data.
Chinese companies have broken ground on three major road projects linking resource-rich regions of the Democratic Republic of Congo (DRC) with its capital Kinshasa as part of a renegotiated minerals-for-infrastructure deal. Work began last month on a US$300 million ring road in Kinshasa - a 63km (39-mile) project connecting the southwest and southeast ring roads to ease traffic congestion in the city. It came just a few months after Sinohydro Corporation and China Railway Group agreed to invest
Embattled Chinese property developer Shimao Group said on Wednesday a Hong Kong court had adjourned until Aug. 12 a liquidation hearing against the company, allowing it more time to work with creditors on a revised restructuring proposal. Many Chinese property developers are facing liquidation lawsuits by creditors since the sector slipped into a debt crisis in 2021, with a handful, such as industry giant China Evergrande Group, ordered to be liquidated.
For most young Italians, there is no romanticising the “slow life” — they’re just trying to make it work. From skills deemed incompatible with the labour market and low incomes to the hurdles to building new companies, they told FRANCE 24's ENTR team about the struggles those who stay in the country are facing. "You hear foreign people say: I'm moving to Italy because it's a country where you can live better. There's a problem: people dreaming of Italy only know the so-called 'slow life' that we
In a proposed class action, shareholders said they learned that CrowdStrike's assurances about its technology were materially false and misleading.
The appointment comes after months of deliberation from Boeing as it tries to salvage its reputation and addresses questions around safety after an Alaska Airlines operated MAX 9 jet experienced a mid-air panel blowout. WHO IS ORTBERG? Ortberg, 64, is a Dubuque, Iowa native and has over three decades of experience in the aerospace industry.
The announcement comes as the firm is working to repair its reputation and financial woes.
Hollywood's video game performers are heading to the Warner Bros. Studios lot Thursday to picket against what they call an unwillingness from top gaming companies to protect voice actors and motion capture workers equally against the unregulated use of artificial intelligence. The protest marks the first large labor action since game voice actors and performance workers voted to strike last week. The work stoppage came after more than 18 months of negotiations with gaming giants, including divisions of Activision, Warner Bros. and Walt Disney Co., over a new interactive media agreement stalled over protections around the use of AI.
Recent economic data from China has painted a mixed picture, with unexpected rate cuts by the central bank failing to boost investor confidence and leading to declines in major indices like the Shanghai Composite and CSI 300. Despite these challenges, opportunities still exist for discerning investors who can identify undervalued stocks trading below their intrinsic value estimates. In this environment, finding stocks that are undervalued can offer a compelling investment opportunity. This...
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The company is benefiting from a growth in ecommerce activity in the retail sector, its largest client, as inventory of its mobile computing clears and new orders see an uptick. Zebra Technologies reported quarterly revenue of $1.22 billion, beating estimates of $1.18 billion, according to LSEG data. The company has raised its 2024 forecast for sales growth to be between 4% and 7%, from the earlier expectation in the range between 1% and 5% growth compared with 2023.
SINGAPORE (Reuters) -Oil prices rose during Asian trade on Thursday, extending gains from the previous session, after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict and concern over its impact on oil. Hamas leader Ismail Haniyeh was killed in the Iranian capital Tehran on Wednesday. The killings fuelled concern that the 10-month-old war in Gaza between Israel and Hamas was turning into a wider Middle East war, which could lead to disruption in oil supply from the region.
