This rare bipartisan agreement underscores U.S. worries over China’s development of advanced technology in an intensifying global battle for tech supremacy.
Ukraine war live updates: Russia raises conscription age limit; Zelenskyy gives fresh corruption warning
Russia’s lower house voted to expand the upper age limit of its military conscription base, potentially adding over 2 million men to the country’s forces.
Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
Global battery electric vehicle and low emission vehicle sales were up 24% and 28% year-on-year, respectively.
SK Hynix posts narrower second-quarter loss amid robust AI demand, sees chip recovery
SK Hynix in its latest earnings report said that the weak memory chip market is starting to recover amid robust artificial intelligence demand.
Deutsche Bank beats expectations despite 27% drop in profit, jump in costs
The bank’s net profit attributable to shareholders slightly topped a prediction of 737 million euros in a Reuters poll of analysts.
Paris company listings raise 92% less in 2023, research says, but London holds up
Research by KPMG showed a mixed picture for 2023 so far, with sentiment clouded by higher interest rates and price pressures for consumers.
Weight loss drug Wegovy is from Europe — but users in the region face a long and costly wait
The hugely popular Wegovy obesity drug will be launched in Germany this month, but high costs and supply constraints threaten to weigh heavy on the rollout.
Britain’s richest man says Brexit was ‘not good for the UK,’ backs PM Sunak’s economic plans
Britain’s wealthiest man, Gopichand Hinduja, condemned the U.K.’s departure from the European Union, but threw his backing behind PM Rishi Sunak.
China signals more support for real estate with a ‘big change’ in tone
China has changed its tone on the country’s struggling real estate sector, signaling that more policy support may be on the way.
British billionaire Joe Lewis to appear in U.S. court on insider trading charges
Joe Lewis, who owns the Tottenham Hotspur soccer team, is accused of providing inside information to romantic partners and associates.
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