Latest posts
Met police disrupt suspected international smuggling ring in UK’s ‘largest’ phone theft crackdown
The criminal organisation is believed to have smuggled up to 40,000 stolen phones from the UK to China over the past 12 months Police have disrupted an international network suspected of smuggling tens of thousands of stolen phones from the UK in its largest operation to tackle phone theft in London, the Metropolitan police said.…
Is TikTok about to go full Maga? – podcast
Investigative journalist Emily Baker-White on the deal to transfer TikTok’s US operations to Trump allies Last week, Donald Trump signed an executive order approving a proposed deal to keep TikTok operating in the US. The $14bn deal, if finalised, would see the transfer of TikTok’s US operation from its Chinese parent company, ByteDance, to a…
Trump says Rupert and Lachlan Murdoch likely part of US TikTok deal
US president tells Fox News ‘a man named Lachlan is involved … that’s a very unusual name, Lachlan Murdoch’ Rupert Murdoch and his son Lachlan Murdoch will probably be involved in the effort to buy TikTok in the US, Donald Trump said in an interview on Sunday. The president was asked about the status of…
Temu’s UK operation doubles revenues and pre-tax profits
Super-budget Chinese retailer reports revenues of $63.3m last year, almost double its $32m in 2023 Business live – latest updates The UK operation of the Chinese online marketplace Temu doubled revenues and pre-tax profits last year, as British consumers snapped up products offered by the super-budget retailer. Temu UK reported revenues of $63.3m (£46.4m) last…
Trump celebrates TikTok deal as Beijing suggests US app would use China’s algorithm
Comments from Chinese official in Madrid have raised questions over who could control the algorithm that powers Tik Tok’s video feed Donald Trump has claimed his administration has reached a deal with China to keep TikTok operating in the US, amid uncertainty over what shape the final agreement will take, with suggestions from the Chinese…
‘I have to do it’: Why one of the world’s most brilliant AI scientists left the US for China
In 2020, after spending half his life in the US, Song-Chun Zhu took a one-way ticket to China. Now he might hold the key to who wins the global AI race By the time Song-Chun Zhu was six years old, he had encountered death more times than he could count. Or so it felt. This…
Tesla sales in Europe slump 40% as BYD new car registrations more than triple
Electric car business run by Elon Musk continues to lose ground to Chinese rival despite recent revamp of Model Y Business live – latest updates Tesla sales slumped 40% across Europe in July compared with a year earlier as Elon Musk’s electric car company faces increasingly tough competition from its Chinese rival BYD. There were…
Nvidia sets fresh sales record amid fears of an AI bubble and Trump’s trade wars
Despite surpassing Wall Street expectations for its AI chips, company shares drop 2.3% in after hours trading Chipmaker Nvidia set a fresh sales record in the second quarter, surpassing Wall Street expectations for its artificial intelligence chips. But shares of the chip giant still dropped 2.3% in after hours trading, in a sign that investors’…
Trump sparks concern after suggesting he might allow sales of Nvidia’s advanced AI chips in China
President says he could make deal for Nvidia to sell downgraded version of Blackwell chip in China but expert warns that could help Beijing compete in AI Donald Trump has flagged allowing Nvidia to sell chips in China that are more advanced than currently allowed, in another “deal” that would loosen export restrictions despite deep-seated…