The European Union recently announced higher tariffs of up to 38% on Chinese electric vehicles, causing a surge in the stock prices of Chinese EV makers. Hong Kong’s Hang Seng index saw a significant increase of 1.23% at the open, largely driven by gains in EV stocks. Leading the pack was EV company BYD, which
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Apple recently announced the launch of its flagship virtual reality headset, the Apple Vision Pro, in several Asian markets including China, Hong Kong, Japan, and Singapore. This expansion marks the gadget’s first debut outside of the United States, with pre-orders set to begin on Friday. The Vision Pro, which originally became available in the U.S.
The European Union is making strides to reveal its tariff rate plan for Chinese electric vehicles this week, in an effort to combat low-priced, subsidized imports. The EU currently imposes a standard 10% duty on imported EVs; however, this rate is expected to increase for Chinese EVs starting July 4th. There are varying predictions regarding
Raspberry Pi, a British computing startup, is making waves in the technology world with its upcoming initial public offering. Set to raise an impressive £166 million ($211.2 million), this IPO is a rare success story for London’s stock exchange. With shares priced at 280 pence each, the company is now valued at around £541.6 million.
In a surprising move, Microsoft recently announced that it will be handing over the development of all its best artificial intelligence tools and software to OpenAI. This decision has raised eyebrows among industry experts, with some speculating about the implications for Microsoft’s position in the AI space. Todd McKinnon, CEO of identity security firm Okta,
Boeing’s Starliner is a space capsule that aims to transport astronauts to and from the International Space Station. This project began in 2014 with a $4.2 billion contract from NASA as part of the Commercial Crew Program. Alongside Boeing, SpaceX was also chosen by NASA to work on their Crew Dragon capsule, receiving $2.6 billion
The world of cryptocurrency investment has long been characterized by the mantra of “HODL” – a practice where investors hold on to their assets through the ups and downs of the market. However, with the rise of Exchange Traded Funds (ETFs) that track the price of Bitcoin, this traditional approach may be shifting. As more
Microsoft recently announced that the Recall feature, which utilizes artificial intelligence to capture screenshots and search user activity on new Copilot+ PCs, will be turned off by default due to security concerns raised by researchers. This move comes as Microsoft aims to balance innovation with user privacy and security in the rapidly evolving tech market.
The world of tech investors and podcasters has seen a noteworthy shift in recent times, as evidenced by the upcoming high-profile fundraiser to be hosted by David Sacks and Chamath Palihapitiya for Donald Trump. This event, set to take place in San Francisco, marks a departure from the industry’s previous stance of being largely adversarial
Ramp, the innovative expense management company valued at an impressive $7.65 billion, has recently made a bold move by entering the realm of business travel through a strategic collaboration with Booking Holdings’ Priceline. This new venture, aptly named Ramp Travel, leverages the power of AI and automation to revolutionize the process of booking and managing