The announcement of higher tariffs on Chinese electric vehicle (EV) makers by the European Union led to a surge in the stock prices of these companies. Hong Kong’s Hang Seng index rose by 1.23% at the opening, largely driven by the gains in EV stocks. For instance, EV company BYD, which was the top gainer
Enterprise
Apple’s latest announcement regarding the launch of its flagship virtual reality headset, the Apple Vision Pro, in Asian markets marks a significant step for the tech giant. This move expands the availability of the VR headset beyond the United States, with China, Hong Kong, Japan, and Singapore being the first to offer pre-orders starting on
The European Union is set to unveil its tariff rate plan for Chinese electric vehicles this week, in an effort to curb low-priced, subsidized imports. The EU currently imposes a 10% duty on imported EVs, but is expected to increase those fees for Chinese EVs starting July 4. Analysts predict a potential tariff rate hike
Raspberry Pi, a British computing startup, has recently made headlines with its successful initial public offering (IPO). The company is set to raise a whopping £166 million ($211.2 million) from the IPO, marking a rare win for London’s main stock exchange, which has struggled to attract technology listings. The IPO by Raspberry Pi could breathe
The shift of Microsoft’s best artificial intelligence tools and software development to OpenAI could potentially benefit Google, according to Todd McKinnon, CEO of identity security firm Okta. Google, as a major player in the tech industry, has been excelling in its research and development efforts in the field of AI. McKinnon pointed out that Google
Boeing’s Starliner project is part of NASA’s Commercial Crew Program, aimed at taking astronauts to and from the International Space Station. The company signed a $4.2 billion contract with NASA in 2014 to develop the human-grade space capsule. This was a new venture for NASA, as it marked a significant shift in how the agency
The culture surrounding cryptocurrency investing has long been one of “HODLing,” or holding onto assets through the highs and lows of the market. This strategy has been embraced by many in the crypto community as a way to weather the extreme fluctuations seen in the price of bitcoin. However, as the adoption of exchange traded
Recent concerns have been raised regarding Microsoft’s artificial intelligence feature called Recall on new PCs. Security researchers have uncovered potential vulnerabilities that could allow attackers to access sensitive user data, prompting Microsoft to take action. Microsoft announced that the Recall feature will now be turned off by default on new Copilot+ PCs after security researchers
The tech world, once seen as a liberal stronghold, is experiencing a noticeable shift in sentiment towards former President Donald Trump. This change is evident in the recent high-profile fundraiser hosted by tech investors and podcasters David Sacks and Chamath Palihapitiya in San Francisco. Despite the industry’s previous hostility towards Trump, the sold-out event is
In a bold move to expand its services, Ramp, the renowned expense management company valued at $7.65 billion, has entered the domain of business travel through a strategic collaboration with Booking Holdings’ Priceline. With the rise of corporate spend platforms seeking to enhance customer retention and attraction, Ramp Travel is set to revolutionize the way