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China buys near-record $40 bn of chip making gear to beat US curbs

Even before those curbs came into effect, Dutch company ASML Holding NV had canceled shipments of some of its top-of-the-line machines to China at the request of the US government

Fund managers burned in AI surge are giving up on active management

With the likes of Microsoft Corp. and Nvidia Corp. all but owning 2023's bull run, money managers faced a dilemma

Hong Kong stocks at 36% discount show true depth of China's gloomy outlook

The Hang Seng China Enterprises Index fell 2.4%, inching closer to a level last seen almost two decades ago, while the onshore benchmark CSI 300 Index finished 1.6% lower

Biden, Netanyahu speak for first time in weeks during war tensions

Their conversation came a day after the Israeli leader rejected calls from the US and Arab nations for the Palestinian Authority to rule Gaza after the war with Hamas

FAA urges door plug inspections on another Boeing 737 model amid blowout

Boeing said in a statement that it "fully supports the FAA and our customers in this action."

Alphabet's Moonshot X Lab cuts staff, looks for outside investors

As part of the restructuring, X is laying off dozens of employees, according to one of the people with knowledge of the matter. The layoffs are focused on support staff

Talc lawsuit: J&J sets up 3rd bankruptcy bid by moving unit to Texas

The company filed a request last month with the Texas secretary of state's office to relocate its LTL Management unit to Austin and rename it ahead of a Chapter 11 filing in the state

China overtaking European Union in research related to clean-energy: Study

About 22% of the EU's imports came from China in 2022, the paper found, rising in recent years while the equivalent figure for the US declined

Bitcoin slips back toward $40,000 mark as ETF excitement simmers down

The world's largest virtual token declined as much as 3.4% by 7.30 a.m. in New York on Monday, hitting a low of $40,352 - just shy of its lowest point of 2024 recorded on Friday

Humans still cheaper than AI in vast majority of jobs, finds MIT study

The adoption of AI across industries accelerated last year after OpenAI's ChatGPT and other generative tools showed the technology's potential

Sony notifies Zee Entertainment about its plans to call off the merger

Sony cited conditions of the merger agreement not being met as the reason for the termination, according to the letter seen by Bloomberg.

Ram Temple inauguration in Ayodhya is a powerful mix of faith and state

The temple is being constructed close to where tradition says Ram was born, and atop the site of a mosque named for India's first Mughal emperor, which was shockingly destroyed by a Hindu mob in 1992

A year after Hindenburg saga, Adani biz emerges fundamentally stronger

While Adani stocks have risen more than $90 billion from last year's low, they remain about $60 billion short of their pre-Hindenburg peak

India's IPO market one of the busiest in world but it is also broken

It's the regulator's job to ensure that companies with reasonably solid prospects come to public markets and offer stock at a price that allows long-term wealth creation

Hedge funds bring in record profits betting on 'catastrophe' bonds

Behind those record returns were bold bets on catastrophe bonds and other insurance-linked securities

US Q4 GDP shows annualised 2% rise, expected to crown vigorous second half

While the Fed wants to guard against a re-acceleration of inflation, a further softening of price pressures risks making policy even more restrictive

US now pursuing 'least bad' option in confronting Houthi militants

The urgency is only increa­s­ing. The Houthi attacks have driven down shipments through a waterway that previously handled 12 per cent of global seaborne trade

Switzerland and India reach deal on FTA after 16 years of negotiations

The agreement "will create jobs for the young population of India, and secure employment in Switzerland," Parmelin said in an interview with the Swiss newspaper Sonntagszeitung

Europe moves into new world after crippling energy crisis of past

Still, having scraped through the crisis, Europe has emerged into a new reality that has its own list of challenges

UAE urges US to support immediate ceasefire of Israel's attacks in Gaza

President Joe Biden's administration has refrained from demanding a halt to the Israeli military campaign and vetoed a UN Security Council demand for a ceasefire put forward by the UAE in December