AFP
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Author's articles
Silicon Valley rattled by low-cost Chinese AI
Fears that the AI gold rush could be under threat rocked Wall Street on Monday following the emergence of a ChatGPT-like model from China, triggering predictions of turmoil for Silicon Valley and accusations of cheating.
Lawmakers set to confirm Scott Bessent for US Treasury chief
The US Senate is widely expected to confirm billionaire hedge fund manager Scott Bessent for Treasury secretary Monday, putting him at the forefront of implementing Donald Trump's economic agenda -- which is already sparking global jitters.
Tesla, BMW take EU to court over China EV tariffs
Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday. Under the EU tariff scheme, Tesla vehicles manufactured in Shanghai face an additional surcharge of 7.8 percent on top of 10 percent already in place for EV imports from China.
Auchan's Russia unit dismisses sale rumours
The Russian subsidiary of French supermarket chain Auchan quashed rumours of an impending sale on Monday, saying it continued to operate for the benefit of the local population.
Chinese property giant Vanke warns of huge loss, CEO resigns
Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to "health reasons", after state-backed media reported he had been taken away by authorities. Vanke has not confirmed Zhu's detention but said in a statement on Monday that he "has applied to resign... owing to health reasons".
India boosts domestic arms industry and looks West to pare back Russia reliance
India's efforts to pare back a longstanding reliance on Russian military hardware is bearing fruit after the courting of new Western allies and a rapidly growing domestic arms industry, analysts say.
Troubled European carmakers to talk fines and EVs with EU
Europe's biggest carmakers will converge on Brussels for talks this week as the EU seeks to chart a way forward for an embattled industry struggling to cope with Chinese competition and climate rules. Italy's Industry Minister Adolfo Urso this week described the scheme as a "perfect storm" due to the potential for European firms to dodge EU fines by buying carbon credits from overseas EV-makers.
Japan's Fuji TV faces heat over sex allegations
Pressure grew Monday on Fuji Television over an alleged sexual assault by a celebrity presenter, with the Japanese broadcaster set to address media as criticism mounts from advertisers and the public. They have shocked the nation although most other Japanese media more cautiously refer to sexual "trouble" or misconduct.
Weak yuan, Trump tariff threats confound Beijing's economic puzzle
Higher US tariffs under President Donald Trump could accelerate a slump in the value of China's currency, complicating recent efforts by Beijing to kickstart a rebound in its struggling economy, analysts warn. But such moves may come into conflict with Beijing's efforts elsewhere to boost an economy that is struggling to regain momentum.
AFP
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