By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court dealt a major blow to federal regulatory power on Friday by overturning a 1984 precedent that had given deference to government agencies in interpreting laws they administer, handing a defeat to President Joe Biden’s administration. The justices ruled 6-3 in favor of fishing companies that […]
By Andrew Mills DOHA (Reuters) – Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, Ooredoo’s CEO told Reuters. The agreement marks Nvidia’s first large-scale launch in a region to which Washington has curbed the export of sophisticated U.S. […]
The crisis in China’s vast property sector has been a major drag on the country’s economy (Hector RETAMAL) Shanghai has relaxed rules on buying property in the city, as local governments across China aim to ease an agonising real estate crisis that is dragging on the economy. Many cities imposed restrictions and tough credit requirements […]
(Bloomberg) — Brazil’s state-controlled oil giant Petrobras is curbing politically charged dividends after reporting lower profits. Most Read from Bloomberg Petrobras’s board approved 1.04 reais a share, or 13.45 billion reais ($2.6 billion), in dividends for the first quarter, it said in a regulatory filing Monday. Analysts were expecting $3.2 billion, according to the average […]
(This May 8 story has been refiled to remove extraneous words in paragraph 1) By Liangping Gao and Ryan Woo BEIJING (Reuters) – Two Chinese provincial capitals lifted all home purchase restrictions on Thursday to lure buyers and shore up their sagging real estate markets, raising the prospect of other megacities following suit. As of […]
The city of Hangzhou says it has ditched all purchase restrictions (STR) Two of China’s wealthiest cities said Thursday they would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market. Many Chinese cities imposed restrictions and tough credit […]
The city of Hangzhou says it has ditched all purchase restrictions (STR) One of China’s wealthiest cities said Thursday it would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market. Many Chinese cities imposed restrictions and tough credit […]
By Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to decide the legality of a federal regulation aimed at reining in homemade “ghost guns” as President Joe Biden’s administration combats the increasing use of the largely untraceable weapons in crimes nationwide. The justices took up the administration’s appeal of a lower […]
(Bloomberg) — Indonesia’s move to get more goods produced onshore is already starting to backfire, with companies warning that supplies of products including Apple Inc.’s MacBook Pro could start to run out as soon as the end of April. Most Read from Bloomberg Other goods including Michelin tires and chemicals shipped from Europe may run […]
By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) -The Biden administration plans to press the Netherlands next week to stop its top chipmaking equipment maker ASML from servicing some tools in China, two people familiar with the matter said, as the U.S. leans on allies in its bid to hobble Beijing’s tech sector. Alan Estevez, […]
WASHINGTON (Reuters) -The Biden administration on Friday revised rules aimed at making it harder for China to access U.S. artificial intelligence (AI) chips and chipmaking tools, part of an effort to hobble Beijing’s chipmaking industry over national security concerns. The rules, released in October, seek to halt shipments to China of more advanced AI chips […]
Hong Kong’s government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory’s woes. Finance minister Paul Chan announced the move in a speech presenting the territory’s budget, which also raised spending on tourism promotion. He said all curbs, such as extra taxes, imposed earlier to […]