Tokyo’s $7 bln buyout dials up global chip wars
A government-led buyout signals more uncertainty ahead for a chip industry grappling with oversupply and geopolitics. The state-backed Japan Investment Corp will take over JSR (4185.T), which makes…
Category: TECHNOLOGY
TECHNOLOGY
Deutsche Bank tells investors some of their Russian shares are missing
LONDON / NEW YORK – Deutsche Bank (DBKGn.DE) has told clients it can no longer guarantee full access to Russian stocks that belong to them, underlining the…
Apple Developer Academy at Princess Nourah bint Abdulrahman University celebrates the graduation of 190 female students
Today, the Apple Developer Academy in Riyadh celebrated the graduation of 190 students after an educational journey that spanned nearly nine months. Graduates of the…
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Development banks can boost lending by $200 bln – Paris summit
PARIS – Multilateral development banks are expected to unlock $200 billion in extra firepower for emerging economies by running their balance sheets more tightly and…
Bahrain’s Mumtalakat extends McLaren group stake
Bahrain’s state investment fund Mumtalakat said on Thursday it has bought the senior preference shareholder stakes in McLaren Group, as part of a proposed broader…
IMF working on global central bank digital currency platform
RABAT – The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing…
Auto firms race to secure non-Chinese graphite for EVs as shortages loom
LONDON – Automakers, including Tesla and Mercedes, are rushing to lock in graphite supply from outside dominant producer China, as demand for electric vehicle (EV)…
SoftBank’s Son says he is ‘heavy user’ of ChatGPT
TOKYO – SoftBank Group Chief Executive Masayoshi Son said on Tuesday he is a “heavy user” of ChatGPT, the artificial intelligence-powered chatbot from Microsoft backed startup OpenAI.…
Blood test to detect 50 types of cancer could be given to ‘one million people next summer’
A blood test that can detect 50 types of cancer could reportedly be offered to “a million people” in a pilot programme from next summer.…
Qatar to invest $5 billion in Iraq over coming years
DUBAI – Qatar intends to invest $5 billion in a number of sectors in Iraq over the coming years, the state news agency quoted Qatar’s…