Trump supports TikTok but wants U.S. ownership, says U.S. commerce secretary
You can't have the Chinese have an app on 100 million American phones, that is just not okay, says Lutnick
Bangladesh orders 25 Boeing planes as part of push to ease US tariffs
Alongside the aircraft deal, Bangladesh is boosting imports of wheat, soybean oil and cotton from the United States
Huawei unveils AI system it claims rivals Nvidia’s top-tier offering
CloudMatrix 384 debuts at Shanghai AI conference with 384 chips and system-level design aimed at surpassing U.S. export restrictions
South Korea readies trade package ahead of U.S. tariff deadline, eyes deal by August 1
Shipbuilding, agriculture, and digital services on the table as Seoul races to avoid 25% tariffs and match Japan’s terms
IMF approves $625 million loan package for Chad to back development push
Initial $38.5 million disbursed as country eyes 8% growth under $30 billion investment plan despite oil, aid, and refugee pressures
Japan may fund Taiwanese chipmakers in U.S. under $550 billion investment deal
Trade envoy says Japanese components or supply relevance qualify foreign firms for financing as Tokyo eyes tariff relief and strategic gains
Modi announces $565-million credit line for debt-plagued Maldives
Modi’s two-day visit focuses on strengthening India-Maldives development partnership, with credit line for infrastructure projects and a bilateral investment agreement to be finalized
Intel shares dive 8% as new CEO warns of drastic cuts, potential exit from chip manufacturing
Lip-Bu Tan signals strategic reset with plant halts, layoffs, and 18A foundry doubts amid deepening AI market lag and multi-billion dollar losses
Trump administration eyes $250 billion global development overhaul with bigger security role
White House proposal seeks to expand DFC’s reach into wealthy nations, boost investment powers, and place Defense Secretary on board amid rising geopolitical stakes
China’s underground Nvidia chip repair industry booms amid US export bans
Despite tight US restrictions, boutique firms in Shenzhen are fixing hundreds of smuggled H100 and A100 GPUs monthly as demand surges among AI developers and military-linked buyers
Trump sees low chances of trade deals with EU and Canada
Trump said the EU must "buy down" the tariff rate and suggested tariffs on Canada may come without a trade deal
New EU law pushes Meta to end political and social issue advertising
The company says the upcoming regulation creates legal uncertainties and significant operational challenges
Tesla beats Chinese rivals in assisted driving test
Tesla charges about $9,000 for its assisted driving suite, while companies like BYD and Xiaomi offer similar features at no additional cost
Over 800 firms to showcase AI products at World AI Conference in China
The two-day event will feature Chinese firms such as Huawei and Alibaba, alongside international names including Tesla, Alphabet, and Amazon
US aviation regulators to assess Boeing’s supply chain before lifting 737 MAX rate cap
Boeing 737 MAX output is held steady after Alaska Airlines door panel incident in January 2024