Author: Admin
(Corrects spelling of Matt Hershenson’s name in paragraph 4)By Stephen NellisSAN FRANCISCO :Vertical Semiconductor, a startup spun out of the Massachusetts Institute of Technology, on Wednesday said it raised $11 million in funding to commercialize chip technology that can deliver electricity to artificial intelligence servers more efficiently.Vertical makes chips out of a material called gallium nitride, an alternative to silicon which is becoming central to an effort led by chip designer Nvidia to rework auxiliary chips inside AI data centers to direct electricity and convert it into the form needed by Nvidia’s chips. Those data centers currently consume as much power as some…
[WASHINGTON] US President Donald Trump is ready to meet Chinese President Xi Jinping and officials from both countries are working to set up a meeting, Treasury Secretary Scott Bessent said on Wednesday.Bessent told CNBC that the US did not want to escalate a conflict with China, and did not want to decouple from the second-largest economy in the world. He said it was due to trust between Trump and Xi that the trade conflict between the two countries has not escalated further. REUTERS
Having a tough time following along with the MLB postseason? Just want to relive the best moments?Don’t worry, we’re here to help you by figuring out what you missed but shouldn’t have. Here are all the best moments from last night in Major League Baseball:Dodgers go up 2-0The Brewers are in trouble. It’s not trouble they can’t get out of just yet, but still: being down 2-0 to the Dodgers in the NLCS does not bode well for Milwaukee’s World Series hopes. Things started out well enough in Game 2, with Jackson Chourio going yard on the first pitch he…
Beijing’s latest currency manoeuvre marks a departure from the stance that it deployed during the last trade war[BEIJING] China ramped up its support for the renminbi on Wednesday (Oct 15), underscoring its commitment to foreign-exchange stability as a trade war with the US showed few signs of letting up.The People’s Bank of China set the renminbi’s reference rate at 7.0995 per US dollar, the strongest level in almost a year and past the 7.1 mark that authorities had sought to defend since September. The move helped boost the offshore renminbi while weighing on the US dollar.Beijing’s latest currency manoeuvre marks…
WASHINGTON — WASHINGTON (AP) — President Donald Trump is making this government shutdown unlike any the nation has ever seen, giving his budget office rare authority to pick winners and losers — who gets paid or fired, which programs are cut or survive — in an unprecedented restructuring across the federal workforce.As the shutdown enters its third week, the Office and Management and Budget said Tuesday it’s preparing to “batten down the hatches” with more reductions in force to come. The president calls budget chief Russ Vought the “grim reaper,” and Vought has seized on the opportunity to fund Trump’s…
Purchase consideration will be satisfied by a combination of cash and new ordinary shares[SINGAPORE] Q&M Dental Group is proposing to acquire equity interest in a dental group in Thailand, the company said in a bourse filing on Wednesday (Oct 15).The group operates one of Thailand’s largest privately owned dental clinic networks, with more than 30 clinics across the country. These are located primarily in Bangkok and in major north-eastern provinces such as Udon Thani, Khon Kaen and Ubon Ratchathani.Q&M said the target company’s network focuses on accessible, standardised, and patient-oriented dental care in high-traffic urban and suburban areas.The purchase consideration will be satisfied by a combination of cash and new ordinary shares…
Arkansas coach John Calipari, whose one-and-done era at Kentucky saw NBA talent come and go nearly every season, criticized what he is seeing in the name, image and likeness portal era, saying he will not become a “transactional” coach or he “won’t do this anymore.”The 66-year-old Calipari said he welcomes some changes in college athletics more than others after three-plus decades of head coaching.”I want to help 25 to 30 more families,” Calipari said Tuesday at SEC basketball media days. “The only way you do that is to be transformational as a coach. If you’re not, you’re transactional. If I…
[BENGALURU / NEW YORK] Morgan Stanley’s third-quarter profit beat market expectations as investment bankers brought in more fees from advising on deals and by underwriting stock and debt sales, lifting revenue to a record.Shares of the bank rose 3.9 per cent in premarket trading on Wednesday. They have gained 23.6 per cent this year as at their last closing price.A string of large deals pushed global mergers and acquisitions (M&A) activity past the US$3 trillion mark this year. A resilient US economy, optimism around interest-rate cuts, and lighter regulations under the Trump administration have spurred businesses to do deals or…
ROME :Italy plans to apply an extra levy on some imported Chinese goods to help protect its fashion industry, government sources told Reuters on Wednesday.The move is aimed at avoiding unfair competition in the market for what is one of Italy’s key industries, the people said, asking not to be named.”We will present a measure to tackle the ultra fast fashion phenomenon: an invasion of low-cost foreign products that damage our producers and put consumers at risk,” Industry Minister Adolfo Urso said in a statement at the end of a meeting with fashion industry representatives in Rome.The government plans to…
With China being the world’s biggest car market, global carmakers may need to redesign models to fall in with the rules China draws up for its domestic market [HONG KONG] A fatality involving a Xiaomi SU7 electric sedan has renewed scrutiny of flush car door handles and is likely to reinforce China’s push for tougher safety standards.Bystanders were unable to open the doors to rescue the driver, who died in the vehicle that had burst into flames following the collision on Monday (Oct 13). Police suspect that the crash was caused by drink driving.While Chinese regulators began drafting new requirements…