Hong Kong Shares Rise as Alibaba Leads AI-Driven Rally Hong Kong shares rise, driven by a strong rally in Alibaba shares. The market gained momentum as investors focused on revaluation opportunities linked to artificial intelligence (AI). Meanwhile, mainland China stocks remained mostly flat. Hong Kong Market Boosted by Alibaba Gains The Hang Seng Index (.HSI) rose 1.4%, with tech stocks leading the rally. Alibaba’s Hong Kong-listed shares (9988.HK) soared 6.7%, reaching a four-month high. The rise came after The Information reported that Apple (AAPL.O) is collaborating with Alibaba to introduce AI features for iPhone users in China. On the other…
Author: Kanika Sharma
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India Eyes Growth in Defence Manufacturing and Exports at Aero India 2025 India is determined to expand its domestic defence manufacturing and boost defence exports in the coming years, Defence Minister Rajnath Singh said on Monday. His remarks came at the opening of Aero India 2025, the country’s largest air show, where India’s growing military ambitions are in focus. The world’s biggest arms importer, India has made modernising its military and increasing domestic production a priority to counter China’s growing influence and military strength in South Asia. Record Growth in Defence Manufacturing and Exports India’s defence manufacturing value is set…
Taiwan’s Chipmakers Faces Fierce Competition from Chinese Rivals Taiwan’s Chipmakers once hoped its partnership with the Chinese city of Hefei would offer better access to China’s growing market. However, nine years later, the deal has created a formidable rival—Nexchip. Once a promising business venture, Nexchip has become one of Powerchip’s toughest competitors in the legacy chip sector. Chinese foundries, including Nexchip, Hua Hong, and SMIC, are expanding aggressively in the $56.3 billion legacy chip market, which focuses on older technologies like 28-nanometre chips and larger. This shift has triggered an investigation by the Biden administration and raised concerns in Taiwan’s…
US Energy Policy Shifts To Production Over Net-Zero Emissions US energy policy shifts as the US Department of Energy (DOE) will prioritise expanding energy production rather than working toward net-zero greenhouse gas emissions, according to a directive issued on Wednesday by Energy Secretary Chris Wright. Aligning with Trump’s Energy Priorities The order aligns the DOE’s goals with President Donald Trump’s energy agenda. Trump has repeatedly dismissed climate change concerns and pledged to boost oil and gas output to maintain US energy dominance. The directive justifies the US energy policy shifts criticising net-zero policies, stating they increase costs for American households,…
European Data Centres to Expand by 22% but Still Face AI Demand Challenges European data centres capacity is set to grow by 22% in 2025, yet demand for artificial intelligence (AI) infrastructure is outpacing supply. Industry experts warn that this could leave Europe lagging behind the U.S. and China in the AI race. Grid Constraints and Space Shortages Limit Growth Despite expansion efforts, Europe’s data center industry faces critical challenges, including electric grid congestion and a lack of suitable locations. The most affected regions are major hubs such as Frankfurt, London, Amsterdam, Paris, and Dublin, where power limitations are slowing…
Ancient Lunar Canyons Formed in Minutes by Cataclysmic Impact Two enormous lunar canyons on the far side of the moon, comparable in size to the Grand Canyon, were formed in an instant by a massive asteroid or comet impact around 3.8 billion years ago. Unlike Earth’s natural erosion process, these lunar formations were carved in less than 10 minutes by flying debris from the violent collision, according to new research. A Monumental Impact Shaped the Moon’s Surface The canyons lie within the Schrödinger impact basin, near the moon’s south pole. Scientists used data from NASA’s Lunar Reconnaissance Orbiter and computer…
Apple Criticises EU Digital Policy Over Porn App on iPhones Apple criticises EU digital policy raising concerns about a pornography app now available on iPhones in the European Union (EU), arguing that the bloc’s digital policies are undermining consumer trust in its platform. Since launching the App Store in 2008, Apple has tightly controlled which apps users can download. Former CEO Steve Jobs famously stated in 2010 that keeping porn off iPhones was Apple’s “moral responsibility” and a key reason for maintaining strict oversight. However, the EU’s Digital Markets Act (DMA), enacted in 2022, has forced Apple to allow alternative…
Australia Exempts YouTube from Social Media Ban, Raising Concerns Australia has banned social media access for children under 16 but made an exception for YouTube. Australia exempts YouTube arguing it is an educational platform rather than a “core social media application.” This decision followed discussions with company executives and children’s content creators. The ban, set to take effect by the end of 2025, applies to TikTok, Snapchat, Instagram, Facebook, and X. These platforms must enforce strict age restrictions or face heavy fines. However, mental health and extremism experts warn that YouTube exposes young users to addictive and harmful content. Experts…
Scientists Discover Chorus Waves Far Beyond Earth’s Magnetic Field An international research team, led by Chinese scientists from Beihang University, has detected chorus waves over 160,000 km from Earth. Previously, scientists believed these space phenomena only occurred near Earth’s dipole magnetic field regions. Their study, recently published in Nature, challenges this long-standing assumption. A Mysterious Sound from Space The team recorded chorus waves with frequencies below 100 Hz and converted them into an audio format. The resulting sound, described as similar to “the chirping of birds,” provides a rare auditory glimpse into space activity. “Chorus waves are low-frequency electromagnetic waves…
Trump and Nvidia CEO Discuss DeepSeek and AI Chip Export Controls US President Donald Trump met with Nvidia CEO Jensen Huang at the White House on Friday to discuss China’s growing AI capabilities, particularly the impact of DeepSeek, a Chinese AI company that has shaken the global tech industry. A source familiar with the meeting revealed that discussions also covered tighter restrictions on AI chip exports. Although Trump did not disclose specific details, he described Huang as a “gentleman” and noted that the meeting was “good.” The talks took place amid growing US concerns that China is rapidly advancing in…