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Intel has tested chipmaking tools from firm with sanctioned China unit: sources
Two of ACM’s units, based in Shanghai and South Korea, are barred last year from receiving US technology[WASHINGTON/SAN FRANCISCO] Chipmaker Intel, has tested chipmaking tools this year from a...
Pakistan to allow Binance to explore ‘tokenisation’ of up to US$2 billion of assets
The move comes as other countries expand formal licensing rules for crypto exchanges amid broader global regulatory tightening[KARACHI] Pakistan has signed a memorandum of understanding with crypto exchange Binance...
Spacex sets US$800 billion valuation, confirms 2026 IPO plans
The Musk-led company is targeting a valuation of about US$1.5 trillion for the entire company[TEXAS] SpaceX has authorised an insider share sale that values Elon Musk’s rocket and satellite...
China is ‘rejecting’ Nvidia’s H200 chips, outfoxing US strategy, David Sacks says
China is weighing a package of incentives worth as much as US$70 billion to support its local chipmaking industry[WASHINGTON] China has figured out the US strategy for allowing it...
US regulator grants crypto firms initial approval to launch trust banks
The regulator still has to sign off with a final stamp of approval before each of the trust banks can begin to operate[NEW YORK] Crypto giants, including Ripple and...
Musk’s X posts higher sales amid costly turnaround
[NEW YORK] Sales at Elon Musk’s X jumped during the third quarter, but the social network is still dealing with significant costs – including from the firm’s restructuring –...
Ghost oil ships dock in Venezuela, showing challenge for US
The International Energy Agency estimates the current oversupply at a record 3.8 million barrels a day[HOUSTON] Two so-called ghost oil ships are currently loading off the coast of Venezuela,...
Google faces 110 million euros French asset freeze after Russian ruling, documents show
[PARIS/MOSCOW] The administrator of Google’s defunct Russian business has obtained a temporary freeze on some 110 million euros (S$167 million) of the Alphabet-owned company’s assets in France, official orders...
Fed officials split over risks to US economy going into 2026
The Fed cut its benchmark rate by a quarter percentage point for a third consecutive meeting in response to rising unemployment[NEW YORK] US Federal Reserve officials, including two who...
Trump signs order to limit state AI regulations, with California in the crosshairs
The battle between California and the White House escalated as President Trump signed an executive order to block state laws regulating artificial intelligence. The president’s power move to try...
