(FT) Nicolas Chaillan, the first Pentagon chief software officer, says China has won the artificial intelligence war against the US and is heading for global dominance. Chaillan, who describes the…
(NIU) Global sales of NIU Technologies e-scooters were 397,079 in the third quarter, up 58.3% from the comparable quarter of 2020. Sales rose by a lower 56.9% in the second…
(OECD) The international community of 136 countries has agreed to a global tax system that will see multinational enterprises pay a minimum rate of 15% from 2023. The deal allows…
(Census Bureau) US inventories of merchant wholesalers were $731.1 billion in August, a gain of 1.2% from July. The inventories were 12.3% higher than August 2020. The sales of merchant…
(BLS) US total nonfarm payroll employment increased by 194,000 in September, a deviation from expected increase of 500,000. Unemployment was down by 0.4% to a post-pandemic record low of 4.8%,…
(Beincrypto) The total value locked on decentralized finance hit a record $208.39 billion, with Ethereum-based platforms controlling 72% of the total. Binance Smart Chain is the second most popular DeFi…
(Bloomberg) China State Administration for Market Regulation has fined Meituan 3.44 billion yuan or $533 million over anti-monopoly violations after a two-month probe. Meituan has been ordered to return a…
(Bloomberg) Tether, a stablecoin supposed to be worth only $1, is now troubling regulators with its $69 billion market cap. Tether’s huge market cap is believed to be derived from…
(Samsung) Samsung Electronics projects a third-quarter profit of between 15.7 and 15.9 trillion Korean Won, the highest in three years. The world’s largest memory chip and smartphone company projects the revenue…
(Destatis) Germany’s foreign trade balance in August was a surplus of 10.7 billion euros, a decline from 11.9 billion euros registered in the comparable month of 2020. Exports averaged 104.4…
(IHS Markit) China’s Business Activity Index moved from a contraction level of 46.7 in August to an expansion of 53.4 in September, reflecting robust improvements in service businesses. The mark-up…
(Marvell) Several analysts have upgraded Marvell Technology Inc. stock after the company raised its growth target to 15-20% from the initial 10-15%. Marvell also upgraded its gross margin target to between…