U.S., China close to TikTok deal in Madrid talks, U.S. Treasury Secretary Scott Bessent says

U.S., China close to TikTok deal in Madrid talks, U.S. Treasury Secretary Scott Bessent says

The United States and China are close to reaching an agreement on the short-video app TikTok, U.S. Treasury Secretary Scott Bessent said, as a second day of talks resumed in Madrid to try and resolve trade tension between the two countries. Even if a deal over Chinese divestment from TikTok was not reached it would […]

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Apple’s tariff-fueled iPhone sales surge raises doubts about sustainability

Apple’s tariff-fueled iPhone sales surge raises doubts about sustainability

Apple’s best revenue growth in three years failed to impress, with shares down about 1% in volatile trading on Friday, as investors questioned whether a tariff-driven surge in iPhone sales would last. ARTICLE CONTINUES BELOW VIDEO A rush to buy iPhones ahead of potential U.S. tariff-driven price increases, along with China subsidies and upbeat demand […]

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China’s Premier Li proposes global AI cooperation organisation

China’s Premier Li proposes global AI cooperation organisation

Chinese Premier Li Qiang proposed on Saturday establishing a world artificial intelligence cooperation organisation, calling on countries to coordinate development and security of the fast-evolving technology. Speaking at the opening of the annual World Artificial Intelligence Conference in Shanghai, Li called AI a new engine for growth but said governance is fragmented and emphasised the […]

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Musk’s Tesla marks formal India entry with Mumbai launch event

Musk’s Tesla marks formal India entry with Mumbai launch event

Tesla will open its first India showroom in Mumbai next week, having imported $1 million worth of cars and merchandise, marking its entry into the world’s third-largest car market despite CEO Elon Musk’s complaints about high import tariffs. In an invitation to media late Thursday, the carmaker said the July 15 event was the “launch […]

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U.S. terms OPEC+ decision on oil production a ‘mistake’, says it has favoured Russia

U.S. terms OPEC+ decision on oil production a ‘mistake’, says it has favoured Russia

The move of the OPEC and its allies to cut oil production is a “mistake” and a “short-sighted” decision that has favoured the Russians and the U.S. is going to re-evaluate its ties with Saudi Arabia, the White House has said. Members of the Organisation of the Petroleum Exporting Countries (OPEC) and their Russia-led allies […]

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Air India plans more flights to U.K., U.S.

Air India plans more flights to U.K., U.S.

Proposal to launch 20 additional flights per week to London, Birmingham and San Francisco Proposal to launch 20 additional flights per week to London, Birmingham and San Francisco Air India on Friday announced plans to launch 20 additional flights per week to London and Birmingham in the U.K. and San Francisco in the U.S. These […]

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TikTok inching toward U.S. security deal to avoid sale, reports NYT

TikTok inching toward U.S. security deal to avoid sale, reports NYT

TikTok has long faced scrutiny from U.S. lawmakers, who have questioned the Chinese-owned app’s safeguards of user data TikTok has long faced scrutiny from U.S. lawmakers, who have questioned the Chinese-owned app’s safeguards of user data U.S. lawmakers and TikTok are hammering out a plan, under which the short-form video app would make changes to […]

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U.S. signs deal with Google to make chips locally after NIST report

U.S. signs deal with Google to make chips locally after NIST report

The deal comes just weeks after NIST released a report on challenges facing the U.S. chip industry. The report outlined challenges in measurement, standardisation, and modelling and simulation The deal comes just weeks after NIST released a report on challenges facing the U.S. chip industry. The report outlined challenges in measurement, standardisation, and modelling and […]

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