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24 Feb As Lynx heads to the discount airline graveyard, what options do travellers have?

Posted at 00:28h in Canada

Less than two years after entering the market, Lynx Air is winding down operations, making the Calgary-based airline the latest in a long line of Canadian discount carriers that have failed to take off.The company — which rebranded from "Enerjet" in 2021 — cited rising operational costs,...

24 Feb OpenAI’s Sora pours ‘cold water’ on China’s AI dreams, as text-to-video advancements prompt more soul-searching

Posted at 00:00h in Asia

Zhou Hongyi, the founder of Chinese internet security firm 360 Security Technology, which has joined China’s race to launch its own ChatGPT-style large language model, said the introduction of Sora was like a “barrel of cold water poured down China’s head”, Chinese media Yicai reported...

23 Feb Jim Ratcliffe on prioritizing success over returns

Posted at 14:51h in Europe

Jim Ratcliffe of INEOS meets members of the press ahead of the Premier League match between Manchester United and Tottenham Hotspur at Old Trafford on January 14, 2024 in Manchester, England.Ash Donelon | Manchester United | Getty ImagesNew Manchester United co-owner Jim Ratcliffe said on...

23 Feb Xiaomi unveils photography-focused 14 Ultra smartphone as it aims to take on Apple and Huawei in high-end segment

Posted at 14:30h in Asia

Xiaomi has unveiled its latest flagship photography-focused smartphone, the Xiaomi 14 Ultra, as it seeks to take on Apple’s iPhone and Huawei Technologies in the competitive high-end segment.The Xiaomi 14 Ultra, launched on Thursday, is the latest member of the Xiaomi 14 series with prices...

23 Feb Tech war: Nvidia’s stellar results show it can thrive amid China decoupling as it lists Huawei as potential AI chip rival

Posted at 13:30h in Asia

A massive stock surge for Nvidia Corp in the wake of stellar earnings this week shows that the world’s most important chip developer for the artificial intelligence (AI) age is managing to thrive without China, its third-largest market, say analysts.Nvidia on Wednesday reported a 265...

23 Feb German central bank losses soar, wiping out risk provisions

Posted at 13:07h in Europe

Joachim Nagel, president of Deutsche Bundesbank, during the central bank's "Annual Report 2023" news conference in Frankfurt, Germany, on Friday, Feb. 23, 2024. Bloomberg | Bloomberg | Getty ImagesLosses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher...

23 Feb Geely-backed luxury EV maker Lotus Tech to launch autonomous driving cars in 60 Chinese cities this year

Posted at 13:05h in Asia

Lotus Technology, a luxury electric-vehicle (EV) maker, plans to put its semi-autonomous driving system into operation across 60 mainland Chinese cities this year.The company, a division of British sports car company Lotus Group in which Chinese carmaker Zhejiang Geely Holding owns a majority stake, will...

China stock market: CSRC denies it is planning to inspect a decade of financial reports as part of clean-up, says fraud prevention a ‘continuous process’

23 Feb China stock market: CSRC denies it is planning to inspect a decade of financial reports as part of clean-up, says fraud prevention a ‘continuous process’

Posted at 12:20h in Asia

The China Securities Regulatory Commission (CSRC) on Friday denied reports that it is planning to inspect a decade of financial data from companies listed in China, days after it vowed to tighten the screws on the stock market and promote high-quality growth.The commission does not...

23 Feb With global stocks at all-time highs, investors can’t shake off the fear factor

Posted at 11:57h in Europe

A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | Afp | Getty ImagesGlobal markets hit record highs this week as the frenzy around artificial intelligence boosted risk...

23 Feb Volvo shares fall after it sets out to dilute stake in Polestar

Posted at 11:04h in Europe

A Polestar Roadster concept electric vehicle during the Singapore Motorshow in Singapore, on Thursday, Jan. 11, 2024. The show runs through Jan. 14. Photographer: Lionel Ng/Bloomberg via Getty ImagesLionel Ng | Bloomberg | Getty ImagesShares of Volvo Cars dipped on Friday, after the company said...

Author: admin