Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are among the influential Chinese investors that invested 2.5 billion yuan ($342 million) in AI startup Zhipu this year, part of a wave of capital flowing into a red-hot arena.
Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are among the influential Chinese investors that invested 2.5 billion yuan ($342 million) in AI startup Zhipu this year, part of a wave of capital flowing into a red-hot arena.
DBS Group Holdings Ltd. said access to its PayLah! mobile wallet is intermittent as of Friday morning and recommended that customers use alternative payment methods.
The best option for Sweden to mitigate a power crunch in the second half of this decade is to speed up approvals for offshore wind parks, said an executive with Orsted A/S, the world’s biggest developer of those sites.
The European Central Bank will next week hammer home the message that borrowing costs are set to stay high for an extended period — despite risks to economic growth swirling, according to a Bloomberg poll of analysts.
China strengthened export controls on some categories of graphite, a material often used in electric vehicle batteries, in a move that would “safeguard national security and interests.”
The International Monetary Fund expects India to increase its contribution to global growth over the next five years as the economy continues to grow fairly rapidly.
The Taiwan dollar is regaining an edge over China’s yuan as a carry-trade currency.
Oil advanced as geopolitical tensions ratcheted higher in the Middle East, with prices poised for a second straight weekly gain.
It’s likely just a formality before Country Garden Holdings Co.’s missed dollar bond interest payment is declared a default, as creditor focus shifts to a potential debt restructuring for the distressed Chinese developer.
