NEWS
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China's big artificial intelligence chip maker sacks half its staff
BEIJING's Cambricon Technologies, seen as one of China's top artificial intelligence (AI) chip developers, has laid off nearly half its workers, reports Hong Kong's ***.SingGo, a smart car chip unit under the Beijing-based holding company, cut nearly half the staff in its software dep...
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Global investors abandon China for India and Vietnam to reduce risk
GLOBAL capital flows are pivoting away from China in favour of other emerging Asian markets such as India and Vietnam, as investors seek alternatives with fewer economic and geopolitical risks, reports Tokyo's Nikkei Asia.For the first time since 2017, foreign investment inflows into Asian em...
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Transpacific rates up in double digits as carriers cut capacity
OCEAN carriers appear to be making rate gains by trimming vessel capacity on the transpacific, reports New York's FreightWaves.Spot rates have risen for three weeks, rising to levels last seen in early 2023 and late 2022, according to several indices.US import bookings remain above pre-Covid ...
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