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Trade and growth on agenda for key China meeting
Trade and growth on agenda for key China meeting
Economy
by  AFP

China's largest political event of the year begins in Beijing on Tuesday, as US tariffs cast a cloud over closed-door meetings involving thousands of delegates from across the country. It is also facing more US tariffs, which could hit hundreds of billions of dollars in trade between the two countries.

AI firm Anthropic valued at $61.5 bn in funding round
AI firm Anthropic valued at $61.5 bn in funding round
Economy
by  AFP

Anthropic on Monday announced it has raised $3.5 billion in a funding round that valued the artificial intelligence startup at $61.5 billion. Amazon has invested a total of $8 billion in Anthropic, while Google-parent Alphabet has invested $2 billion in the startup. gc/dw

TSMC announces $100 bn investment in new US chip plants
TSMC announces $100 bn investment in new US chip plants
Economy
by  AFP

President Donald Trump said Monday that the chip-making giant TSMC will invest "at least" $100 billion in the United States to build "cutting edge" chip manufacturing facilities, in the latest blockbuster financial pledge by a private company since his return to office in January.