Saudi Arabia expects to get access to Nvidia’s high performance chips ‘within the next year’
The U.S. has imposed restrictions on exports of the chips out of concerns they could be accessed by China, which is Saudi Arabia’s top trading partner.
Strong case for 50 basis point Fed rate cut, says former NY Fed chief Dudley
Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States.
Alibaba’s Taobao shopping app launches AI-powered English version in Singapore, jumps to first place in Apple’s App Store
Alibaba’s Taobao app topped Singapore’s Apple Store charts after launching an AI-powered English version on Tuesday, boosting accessibility for users.
Ex-defense minister Ishiba tops corporate Japan’s premier wish list, Reuters poll shows
Former defense minister Shigeru Ishiba is corporate Japan’s top choice to replace Prime Minister Fumio Kishida, a Reuters survey showed on Thursday.
India probe finds Amazon, Walmart’s Flipkart breached antitrust laws
An Indian antitrust probe found Amazon and Flipkart violated competition laws by favoring select sellers, according to reports seen by Reuters.
CNBC Daily Open: All key data is in — and it’s made the Fed’s policy path more uncertain
While the Fed’s rate cut cannot be predicted with certainty, even the widely expected 25 basis point cut will likely pull markets out of that September slough.
Evergrande Chairman Hui kept in special detention center in Shenzhen
Hui Ka Yan, chairman of China Evergrande, has been moved to a special detention center in Shenzhen amid the country’s property sector crisis, sources said.
India’s EV conundrum: To invest in cars or charging points first
India wants 30% of newly registered private cars to be electric by 2030. But out of around 4.2 million passenger vehicles sold last year, less than 2.5% were EVs, according to Bain & Company.
Federal Reserve will opt for slow policy easing as there’s ‘still work to do’ on inflation, Fitch says
Fitch also gave some predictions on Asian central banks, such as the People’s Bank of China and the Bank of Japan
