Microsoft Invests $10 Billion in ChatGPT Maker OpenAI
Microsoft is investing $10 billion ($14 billion) $US in OpenAI, whose artificial intelligence tool ChatGPT has lit up the internet since its introduction in November, racking up more than a million users in a matter of days and sparking a new debate about AI’s role in the workplace. The new support, based on $US1 billion […]
Apple Gets a Boost in India as Chinese Suppliers Receive Authorization
More than a dozen Chinese suppliers from Apple Inc. are receiving initial authorization from India to expand in the country, helping the tech giant’s efforts to diversify its assembly network beyond China. AirPods and iPhone assembler Luxshare Precision Industry Co. and a unit of lens maker Sunny Optical Technology Group Co. are among the companies […]
China’s Imports of ICs Fell in 2022 for the First Time Since 2004
China’s imports of integrated circuits (ICs), another term for chips, fell 15.3 percent in volume in 2022 from a year earlier, a sharp reversal from strong growth in the previous two years amid supply chain disruptions as a result of the country’s zero Covid approach and U.S. export restrictions. China imported 538.4 billion units of […]
Tesla Nears Deal to Build Plant in Indonesia
Tesla is nearing a preliminary deal to build production facilities in Indonesia with a capacity of one million units, Bloomberg News reported, citing unnamed people familiar with the matter. On Wednesday, CEO Elon Musk commented in a tweet referencing the report, saying, “Please be careful when writing articles that cite ‘anonymous sources,’ as they are […]
China Announces the Reopening of the Border with Hong Kong
The announcement comes after three years of border controls that have isolated the financial hub from the Chinese mainland. China announced it will open its border with Hong Kong on Sunday, ending three years of pandemic restrictions that have isolated the financial hub from the Chinese mainland. Hong Kong residents traveling to mainland China will […]
Gold Rises on China’s Covid Shift, Signs of Cooler US Inflation
Gold rose, trading above $1,800 an ounce, as China removed more of its Covid-19 controls, piling pressure on the dollar as risk assets gained. China will no longer quarantine incoming travelers from early January, adding to the rapid reversal of strict pandemic rules and boosting sentiment toward Asia’s largest economy. Source: Bloomberg Stay Tuned with […]
The 10 Best Business Articles Every Entrepreneur Should Read
Business articles serve as an accessible source of small business advice, whether you find them in a newspaper, business magazine, or business blog. For your convenience, we’ve compiled a list of the 37 best business articles, business news articles, and business management articles for entrepreneurs covering topics from managing a business to finding the motivation […]
Germany Returns to Coal as Energy Security Exceeds Climate Targets
Germany is poised to increase its reliance on coal as it battles an unprecedented energy crisis, even at the expense of its ambitious climate goals. Europe’s largest economy is burning fossil fuel for electricity at the fastest rate in at least six years, data compiled by Bloomberg show. It is also poised to be one […]
Crypto Futures ETFs Raise Over $73 Million Ahead of Hong Kong Launch
Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted more than $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking U.S.-listed cryptocurrency futures comes despite the industry’s current problems. Hong Kong Debuts Bitcoin and Ether Futures ETF in Midst of Crypto Winter Two ETFs tracking crypto […]
Apple Looks Beyond China’s ‘iPhone Factory’ as Flirtation Sour
Taipei, Taiwan – Scenes of chaos erupted at Apple supplier Foxconn’s mega factory in Zhengzhou, China, last month as workers, angered by COVID-19 quarantine and unpaid wages, scuffled with security personnel. The unprecedented protests in “iPhone City” have caused significant delays for the latest iPhone models at the end of the year, Apple’s busiest sales […]