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Alibaba Unveils RynnBrain: A New Open-Source AI Model for Robotics

Alibaba launches RynnBrain, an open-source AI model for robotics, challenging Google and Nvidia in the physical AI race. Learn how this innovation empowers robots.

ByteDance’s Seedance 2.0 Fuels China Tech Stock Surge Amidst AI Video Advancements

ByteDance's new AI video model, Seedance 2.0, sparks a rally in China's tech stocks, showcasing advanced features while raising ethical considerations.

China Cracks Down on Offshore Yuan Stablecoins and Tokenized Assets

China tightens crypto regulations, banning unapproved offshore yuan stablecoins and RWA tokenization to protect monetary sovereignty.

Aarav Shen

Aarav Shen is an esteemed journalist with over 15 years of experience reporting on business, finance, and economics. With a rich background that spans from Southeast Asia to the heart of Wall Street, Aarav offers a piercing global perspective on market dynamics and economic policy. His work, recognized for its depth and clarity, has shaped international dialogue, making him a trusted voice in a complex industry. Currently based in Hong Kong, he distills intricate financial trends into compelling narratives for a worldwide audience.

Hong Kong’s Hydrogen Economy: Progress and Challenges in Transitioning to Zero Emissions

Hong Kong is making strides in developing a hydrogen economy, aiming to transition to zero emissions. In West Kowloon, the city’s first hydrogen-refuelling station...

U.S. Inflation Stagnates in May, Raising Prospects for Fed Rate Cuts

In May, U.S. monthly inflation remained unchanged as a slight rise in service costs was counterbalanced by the most significant drop in goods prices...

NASA and Boeing Extend Starliner’s First Crewed Flight for Additional Testing

NASA and Boeing announced an extension of the Starliner capsule's first crewed flight, delaying its return to Earth to conduct additional testing. The Starliner...

Nike Faces Uncertain Future as CEO John Donahoe’s Leadership Questioned

Nike's CEO, John Donahoe, is under increasing scrutiny after the company reported disappointing fiscal results, leading to a sharp decline in its stock price....

Pfizer’s Strategic Turnaround Amid Employee Uncertainty and Market Optimism

Pfizer experienced a remarkable first quarter, earning praise from Wall Street and CEO Albert Bourla during a companywide town hall. This came after a...

Global Stocks Soar in First Half of 2024 Amid AI Boom and Economic Optimism

Global stocks were poised to finish the first half of 2024 strongly, with investors eyeing crucial U.S. inflation data for indications on the timing...

Japan Appoints New FX Diplomat as Yen Hits 38-Year Low

Japan appointed Atsushi Mimura as its new top foreign exchange diplomat on Friday as the yen hit a 38-year low against the dollar. This...

U.S. Stock Market Faces Uncertainties in Second Half of 2024

As U.S. stocks conclude a strong first half of 2024, investors are speculating about the impact of political uncertainty, potential Federal Reserve policy shifts,...

Saudi Arabia May Cut Oil Prices for Asia Again in August Amid Market Pressures

Top oil exporter Saudi Arabia is considering a second consecutive month of price cuts for the crude grades it sells to Asia in August,...

Commodity Markets Could Face Disruption with Potential Trump Presidency, Says HSBC Economist

Commodity markets may experience greater fragmentation and supply disruptions if former U.S. president Donald Trump wins the November 5 election, according to HSBC economist...

NASA Awards SpaceX $843 Million Contract to Guide ISS Deorbit by 2030

NASA announced on Wednesday that SpaceX will develop a spacecraft to guide the International Space Station (ISS) to its controlled destruction later this decade....

JPMorgan Disputes Federal Reserve’s Stress Test Income Projections

JPMorgan Chase announced late Wednesday that the Federal Reserve overestimated a critical income measure in the bank’s recent stress test, indicating that its actual...

Home Prices Show Signs of Cooling Amid Stagnant Spring Market

Home prices are showing signs of cooling, though they remain higher than a year ago. Several new reports indicate that price gains are shrinking,...

Chinese Automakers to Capture 33% of Global Market by 2030

Chinese automakers are projected to capture 33% of the global automotive market share by 2030, according to a new report from consulting firm AlixPartners....

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