BUSINESS

Lei Jun, co-founder and CEO of Xiaomi, speaks in Beijing on May 22, 2025

Xiaomi Launches New Advanced In-house Mobile Chip

Tech giant Xiaomi unveiled a new advanced in-house mobile chip on Thursday, a significant milestone for the company as Chinese firms shift resources towards home-grown technology against a bleak international trade backdrop.

Vatican's Diplomatic Arm Eyes Return To Fore With Ukraine Talks

It is not certain that Putin would attend talks at the Vatican
Whether or not Russia and Ukraine peace talks actually take place at the Vatican, the mere suggestion it could play host reflects a fresh diplomatic impetus under new pope Leo XIV. Fresh from his election as the first US pope in history, Leo offered last week to mediate between leaders of countries at war.
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OpenAI CEO Sam Altman reasons that a technology as powerful as generative artificial intelligence calls for a new device with the potential to transform lifestyles the way the iPhone did

Apple Design Legend Jony Ive Joins OpenAI

The legendary designer behind Apple's iPhone, Jony Ive, has joined OpenAI to create devices tailored for using generative artificial intelligence, according to a video posted Wednesday by the ChatGPT maker.
The gathering of G7 finance ministers and central bank governors in Canada could find less agreement this year amid economic worries stemming from US President Donald Trump's tariffs

G7 Finance Chiefs Begin Talks Under Strain Of Trump Tariffs

G7 finance leaders exchanged pleasantries before tough discussions Wednesday, seeking to restore stability in the face of economic turbulence from US President Donald Trump's punishing tariffs -- and to strengthen support for Ukraine.
Oil prices have rallied on a report that US officials had intelligence suggesting Israel was considerng an attack on Iranian nuclear facilities

Oil Prices Jump On Report Of Israel Prepping Iran Strike

Crude prices rallied Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.
The ascent of Mount Everest usually requires at least two months on the mountain doing a series of acclimatisation rotations

British Climbers Summit Everest In Record Bid

A British team of veteran ex-special forces soldiers summited Everest on Wednesday, expedition organisers said, in a bid to fly from London, climb the highest peak and return home within seven days.
Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China, concerned that these can be used to advance Beijing's military systems and otherwise undermine American dominance in AI

China Slams US 'Bullying' Over New Chip Warnings

Beijing condemned on Wednesday new US warnings on the use of AI chips made in China, vowing it would take steps against "bullying" efforts to restrict access to high-tech semiconductors and supply chains.
A pharmacy advertises the COVID-19 vaccine as the nation marks the fifth anniversary of the Covid-19 pandemic on March 13, 2025 in New York City

US Limits Covid Boosters To Over-65s Or Those At High Risk

The United States will limit Covid-19 boosters to people over 65 or those at risk of serious illness, while requiring vaccine makers to run fresh clinical trials before offering shots to younger and healthier individuals, officials said Tuesday.
The logo for Google's annual developers conference in Mountain View, California on May 20, 2025

Google Ramps Up AI Features In Search Engine

Google on Tuesday said it was beefing up online searches with even more generative artificial intelligence, as it presses on with embracing AI despite fears for its ad-based business model.
Adidas and Puma still have rival factories in their hometown in southern Germany

Adidas, Puma Family Feud To Be Turned Into TV Series

The bitter brotherly feud that sparked the creation of sports-shoe brands Adidas and Puma in the same small German town in the 1940s is to be turned into a television series with the help of family archives, its producers announced Sunday.
A handout satellite image courtesy of Maxar Technologies shows Pakistan Air Force base Mushaf in Sargodha, Pakistan, apparently showing damage from an Indian  strike

Chinese Weapons Get Rare Battle Test In India-Pakistan Fighting

Just over a week after a ceasefire with India was struck, Pakistan's foreign minister is visiting his country's largest arms supplier, China, with the performance of the weapons they supplied a matter of burning interest for analysts and governments alike.

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