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News
Tencent-backed Enflame triples in Shanghai debut as China AI chip bets surge
2+ day, 3+ hour ago (444+ words) By Yantoultra Ngui and Samuel Shen HONG KONG/SHANGHAI, Sept 11 (Reuters) – Chinese artificial intelligence chipmaker Shanghai Enflame Technology surged about 200% in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public offering. The…...
Trump administration to sanction unnamed ‘large’ bank on Monday, Bessent says
2+ day, 6+ hour ago (266+ words) WASHINGTON, Sept 10 (Reuters) – U.S. Treasury Secretary Scott Bessent said on Thursday the Trump administration will sanction a large bank next week as it continues to apply economic pressure on Tehran to end a more than six-month U.S. conflict with…...
Europe drives global EV sales growth in August, offsetting China, North America weakness
2+ day, 6+ hour ago (187+ words) Sept 11 (Reuters) – Global demand for electric vehicles rose for a sixth consecutive month in August, with Europe leading the growth, data from UK-based research firm Benchmark Mineral Intelligence showed on Friday. Sales of battery-electric and plug-in hybrid vehicles show growing…...
The US tariff on Canadian imports could send already soaring hockey gear prices even higher
2+ day, 19+ hour ago (817+ words) The goaltender’s $400 helmet in 2022 now runs $1,000. The chest protector they got last year for $465 now goes for $900. For a sport that is increasingly expensive for everything from gear and ice time to travel and coaching, the latest round of 50% tariffs…...
India hosts BRICS summit as Iran war tests bloc unity
2+ day, 19+ hour ago (863+ words) By Aftab Ahmed, Saurabh Sharma and Shivangi Acharya NEW DELHI, Sept 10 (Reuters) – India will host the BRICS Leaders’ Summit this weekend, seeking to lift the bloc’s global profile even as the U.S.-led war on Iran splits its membership,…...
Ford caught in escalating Washington clash over China deals
3+ day, 4+ hour ago (850+ words) Sept 9 (Reuters) – Long-simmering tensions between Ford and the Trump administration over the automaker’s connections with Chinese companies boiled over this week in a contradictory flurry of Republican criticism and praise for the company. The dispute highlighted competing views of how…...
Tennis-Zheng’s unlikely New York run signals return to form
3+ day, 8+ hour ago (319+ words) NEW YORK, Sept 9 (Reuters) – From the qualifying courts to the quarter-final stage, Zheng Qinwen exited the U.S. Open on Wednesday having sparked a career comeback, enjoying a return to form in a run few expected in New York. The Olympic…...
China’s DeepSeek launches V4.1-Flash model
2+ day, 22+ hour ago (94+ words) kfgo.com China’s DeepSeek launches V4.1-Flash model BEIJING, Sept 10 (Reuters) – Chinese artificial intelligence startup DeepSeek on Thursday launched DeepSeek-V4.1-Flash, which the company said is the smallest model in its new architecture family, according to a statement. The release came…...
US firms in China more upbeat on outlook as profits recover, survey shows
3+ day, 4+ hour ago (381+ words) SHANGHAI, Sept 10 (Reuters) – U.S. companies in China have grown more optimistic about their business prospects after confidence hit a record low last year amid political tensions, intense domestic competition and slowing economic growth, a survey showed on Thursday. The annual…...
US trial against China’s Huawei opens with prosecutor calling the company a criminal enterprise
3+ day, 8+ hour ago (641+ words) NEW YORK, Sept 9 (Reuters) – A U.S. prosecutor described China’s Huawei as a criminal enterprise that stole from American companies to build its telecommunications empire, as the trial against the tech giant kicked off in Brooklyn federal court on Wednesday. “Theft, lies,…...