Category: World News
Analysis: Gas shortage exposes fragile South Asian economies to more pain
Reuters Reuters proprietarily analyzes the economies of Pakistan and Bangladesh amidst a shortage of imported gas. With just over a month until peak Ramadan shopping season, the head of Pakistan’s retail industry body is pressing officials to relax orders that forced malls to shut by 8.30 p.m. to save energy. More than 40% of annual…
Read MoreTencent scraps plans for VR hardware as metaverse bet falters
Reuters Reuters was first to share that Tencent Holdings (0700.HK) is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse unit, three sources familiar with the matter said. The world’s largest video game publisher had ambitious plans to build both…
Read MoreChina rolls out GMO corn planting, starts small
Reuters Reuters exclusively reported that China will likely plant less than 1% of its corn fields with genetically modified varieties this year, said two people familiar with the plans, dashing hopes for a full market launch of the technology in the world’s second-largest corn market. The agriculture ministry has designated around 4 million mu (60,000…
Read MoreReuters exclusively reveals that EU industry chief Thierry Breton plans consultation on Big Tech and telecoms network costs
Reuters Reuters exclusively reveals that EU industry chief Thierry Breton is poised to launch a consultation on whether Big Tech should bear a portion of telecoms network costs. Breton confirms the consultation will be announced at Barcelona. EU telecoms providers have long sought to have Big Tech cover some infrastructure cost for 5G and broadband,…
Read MoreSouth Korea aims to join AI race as startup Rebellions launches new chip
Reuters Reuters reveals South Korean startup Rebellions Inc. launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul seeks a place for local companies in the exploding AI industry. The company’s ATOM chip is the latest Korean attempt to challenge global leader Nvidia Corp (NVDA.O) in the hardware that powers…
Read MoreReuters first to report U.S. investigation into Elon Musk’s Neuralink
Reuters Reuters was first to report that the U.S. Department of Transportation is investigating Elon Musk’s brain-implant company, Neuralink, over the potentially illegal movement of hazardous pathogens. A Department of Transportation spokesperson told Reuters about the probe after the Physicians Committee of Responsible Medicine, an animal-welfare advocacy group, wrote to Secretary of Transportation Pete Buttigieg…
Read MoreReuters was first to report that Indian refiners pay traders in dirhams for Russian oil
Reuters Reuters was first to report that Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of U.S. dollars. While Western sanctions against Moscow are not recognised by India, and purchases of Russian oil may in any case not violate them, banks and…
Read MoreWhat Does It Mean to Provide ‘Security Guarantees’ to Ukraine?
New York Times A postwar Ukraine will want to ensure that Russia does not attack again. But is there anything short of full NATO membership that will satisfy Kyiv and deter Moscow? https://www.nytimes.com/2023/01/10/world/europe/ukraine-russia-security-guarantees.html
Read MoreReuters reveals Biden administration drafting executive order to simplify space rules
Reuters Reuters exclusively reported that U.S. President Joe Biden’s administration is drafting an executive order intended to streamline approval for private rocket launches amid a broader effort to bring legal and regulatory clarity for American companies on everything from space travel to private space stations. The order would be part of a push to modernize…
Read MoreReuters reveals China to ease COVID rules
Reuters Reuters was first to report on Monday that China may announce 10 new COVID-19 easing measures. Reuters reported that China will allow home quarantine for some of those testing positive, among other supplementary measures set to be announced. Those measures would be a significant shift from three years of zero-tolerance measures, from shuttered borders to…
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