Europe is facing the risk of falling behind both the U.S. and China in the field of artificial intelligence, according to Prince Constantijn of the Netherlands. He expressed his concerns that Europe’s ambition seems to be limited to being good regulators rather than innovators in the AI space. Constantijn emphasized the importance of bringing clarity,
Finance
Chan, the CEO of Hong Kong Exchanges and Clearing Limited, emphasized the importance of broadening the applications of China’s yuan to drive its international use. In a panel discussion during the World Economic Forum’s “Summer Davos” meeting in Dalian, China, she highlighted the need for the currency to have more diverse uses beyond a traditional
As Chinese electric car companies continue to expand overseas, Cisco’s Greater China head expresses optimism about the growing business opportunities in the Electric Vehicle (EV) segment. Cisco, known for providing networking equipment and software for businesses, has identified the EV segment as its second-largest revenue source in the Greater China region. Ming Wong, vice president
China’s investment of $230.8 billion over more than a decade to develop its electric car industry is a staggering figure. This amount of government support represents a significant 18.8% of total electric car sales between 2009 and 2023. This demonstrates a clear commitment from Beijing to push the growth of the electric vehicle (EV) sector
New York has recently introduced a program that provides homeowners with the opportunity to receive rebates of up to $14,000 for making energy-efficient upgrades to their properties. This initiative is part of the federal Inflation Reduction Act, which is the largest climate-focused legislation in U.S. history. The goal of these rebate programs is to help
Ratings agency Fitch has adjusted its expectations for China’s policy rate in light of the U.S. Federal Reserve’s decisions to keep its interest rates high. Fitch no longer anticipates a rate cut in China this year and has postponed its forecast for a potential reduction to next year. The agency now predicts that China will
British fintech firm Zilch recently announced that it has secured $125 million in debt financing from Deutsche Bank, a move that is expected to significantly expand the company’s sales and bring it closer to an initial public offering. This funding will enable Zilch to triple its sales within the next few years and pave the