Recent reports from Bloomberg have shed light on the possibility that the United States may take further steps to limit China’s access to crucial chip technology essential for the advancement of artificial intelligence. The Biden administration is said to be contemplating actions that would specifically target the high-tech chip architecture known as gate all-around (GAA).
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Singapore has been identified by the World Gold Council as the next leading gold hub as the market shifts towards the east. The increase in gold consumption in major emerging economies, particularly in Asia, is a key factor driving this shift. Shaokai Fan, head of Asia-Pacific and global head of central banks, emphasized the importance
The recent European Union election results have sparked concern for German Chancellor Olaf Scholz as the far-right party, AfD, has made significant gains despite facing various scandals. The AfD’s success in securing 15.9% of the vote has surpassed Scholz’s SPD along with their coalition partners, the Greens and the FDP. This outcome has intensified the
The European Union elections have been underway, with millions of voters expected to cast their ballots. From age requirements to voting systems, there are many factors that go into these elections that determine the composition of the European Parliament. With growing support for far-right parties and changing priorities within the EU, these elections are crucial
Norway’s $1.7 trillion sovereign wealth fund has taken a bold stand against ratifying Tesla CEO Elon Musk’s $56 billion pay package. Despite being Tesla’s eighth-biggest shareholder, the fund has decided to vote against the controversial compensation plan, which was previously invalidated by a Delaware judge earlier this year. The fund’s operator, Norges Bank Investment Management
In May, the U.S. economy surprised analysts by adding 272,000 jobs, significantly exceeding the expected 190,000 jobs. This unexpected increase is a positive sign for the labor market and indicates a potential slowdown in the Federal Reserve’s plans to lower interest rates. However, despite this positive news, the unemployment rate rose to 4%, the first
Scientist Lee Seok Woo found inspiration for his groundbreaking invention in an unexpected place – a “Mission Impossible” movie. The scene in the movie where an agent wears contact lenses with facial recognition and eye tracking capabilities sparked an idea in Lee’s mind. As an associate professor at Nanyang Technological University’s School of Electrical and
While the saying “A diamond is forever” has long been associated with the timeless allure of diamonds, it seems that consumers are now shifting their preferences towards lab-grown alternatives, gold, and colored gemstones. The once powerful diamond giant, De Beers, is facing challenges as the demand for diamonds declines in key markets such as China.
In a world filled with ambitious investors and risky stock market moves, Keith Gill managed to stand out almost five years ago when he revealed a $53,000 bet in his favorite video game retailer, GameStop. Little did he know that this would be the start of a journey that would eventually lead to a massive
In a recent ruling by a U.S. court, the legal battle surrounding the discontinued heartburn drug Zantac has taken a drastic turn. The decision allows scientific evidence to be presented in over 75,000 lawsuits alleging that the once-popular drug ranitidine, known as Zantac in the U.S., may cause cancer. This ruling has sent shockwaves through