LONDON, ( TECHY QUANTUM) ~ Oil prices rose sharply Thursday after the United States announced new Russia oil sanctions, targeting major producers Rosneft and Lukoil in an effort to curb Moscow’s energy revenue amid the ongoing war in Ukraine. The move, part of a coordinated Western campaign, sent global crude benchmarks higher and prompted Asian … Read more
FINLAND (TECHY QUANTUM) — Nokia CEO Justin Hotard compared the rapid rise of artificial intelligence to the internet boom of the 1990s while stressing that the company’s Nokia AI strategy is focused on long term growth rather than short term speculation. Speaking in an interview with Reuters, Hotard downplayed concerns about a potential bubble in … Read more
The gold market advanced on Thursday, supported by rising geopolitical tensions and trade concerns that have strengthened the metal’s appeal as a safe haven asset. Spot gold climbed 0.6 percent to $4,119.54 per ounce as of 0720 GMT, rebounding from a near two week low in the previous session. US gold futures for December delivery … Read more
BEIJING, (TECHY QUANTUM) ~ Alibaba Group Holding Ltd. has launched a new artificial intelligence chatbot integrated into its Quark app, marking a renewed effort by the Chinese e-commerce giant to strengthen its foothold in the consumer AI space. The free service allows users to interact with the chatbot through voice or text, offering real time … Read more
WASHINGTON (TECHY QUANTUM) — President Donald Trump on Wednesday announced sweeping new sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, marking the first major punitive action of his second term and a notable shift in tone toward Moscow. The move underscores what officials described as mounting frustration between Trump and Russian President Vladimir … Read more
WASHINGTON (TECHY QUANTUM) — The United States government’s gross national debt has climbed beyond $38 trillion, marking a historic milestone and the fastest trillion dollar increase ever recorded outside of the pandemic era. The figure, published in the Treasury Department’s latest report this week, comes just two months after the national debt reached $37 trillion … Read more
WASHINGTON (TECHY QUANTUM) — Meta Platforms Inc. is preparing to eliminate roughly six hundred positions from its artificial intelligence division, according to a report from Axios citing an internal company memo. The cuts will impact several parts of the company’s Superintelligence Labs, including its long standing Facebook Artificial Intelligence Research (FAIR) unit, along with product … Read more
WOLFSBURG, Germany (TECHY QUANTUM) — German automaker Volkswagen warned Wednesday that temporary production stoppages could occur in the coming weeks as China’s export restrictions on chips made by Nexperia disrupt Europe’s already fragile semiconductor supply chain. Volkswagen AG said its production remains unaffected for now but acknowledged that “short term effects on production cannot be … Read more
BEIJING (TECHY QUANTUM) — Chinese technology giant Baidu is preparing to bring its robotaxis to Switzerland, marking its most ambitious move yet in Europe’s self driving market. The company announced Wednesday that its autonomous unit Apollo Go will begin test operations in December, ahead of a planned launch of steering wheel free robotaxis by early … Read more
BERLIN (TECHY QUANTUM) — China has overtaken the United States as Germany’s top trading partner in the first eight months of 2025, reversing last year’s trend as renewed US tariffs and weaker export demand hit Europe’s largest economy, preliminary data from the Federal Statistical Office showed. Trade between Germany and China reached 163.4 billion euros … Read more