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China economic growth falls sharply, missing target
Posted onChina’s economic growth slowed sharply between the start of April and end of June as weak demand domestically and the impact of the Iran war on oil prices overshadowed the country’s strong exports. Official gross domestic product (GDP) figures showed that the world’s second largest economy grew in the second quarter of the year by…
Oil back above $100 as conflicting reports emerge on US-Iran talks
Posted onIn morning trading, Japan’s Nikkei 225 was 0.8% higher, the Hang Seng in Hong Kong was up by 1.6%, while South Korea’s Kospi rose by 2.2%. They had fallen sharply on Monday as Asian countries are heavily dependent on oil and gas that would normally pass through the strait.
Prime Minister Andy Burnham promises help with your money. How could it affect you?
Posted onIn his first speech as prime minister, Andy Burnham has promised to give people more “breathing space” to help with the cost of living. Policies will be announced on Tuesday – his first full day in the job. Although a few hours after taking office, the new prime minister confirmed he will be “looking at”…
Anthropic boss rejects Pentagon demand to drop AI safeguards
Posted on“We will not knowingly provide a product that puts America’s warfighters and civilians at risk,” Amodei said. “Without proper oversight, fully autonomous weapons cannot be relied upon to exercise the critical judgment that our highly trained, professional troops exhibit every day. They need to be deployed with proper guardrails, which don’t exist today.”
US approves sale of Nvidias advanced H200 chips to China
Posted onOsmond ChiaBusiness reporter Getty Images Nvidia CEO Jensen Huang The US government has given chip giant Nvidia the green light to sell its advanced artificial intelligence (AI) processors in China, the Department of Commerce said on Tuesday. The H200, Nvidia’s second-most-advanced semiconductor, had been restricted by Washington over concerns that it would give China’s technology…
