Business

Factbox-Why companies are swapping copper for aluminium

Tuesday, June 30 by SRN News

LONDON, June 30 (Reuters) - The spike in copper prices to a record high earlier this year has added weight to arguments for switching from copper to cheaper and lighter aluminium in a range of sectors. Here are the factors involved in the decision and... Read More.

China’s Meituan says new AI model trained on domestic chips

Tuesday, June 30 by SRN News

By Ethan Wang and Eduardo Baptista BEIJING, June 30 (Reuters) - China's food delivery giant Meituan said on Tuesday it had released and would open-source its next-generation LongCat large language model, claiming it is the world's first trillion-parameter AI system trained and run entirely on... Read More.

Analysis-Tokyo keeps powder dry as ‘line in the sand’ on yen shifts

Tuesday, June 30 by SRN News

By Rocky Swift and Noriyuki Hirata TOKYO, June 30 (Reuters) - The yen's break through a long-defended 162-per-dollar level to its weakest in four decades has reinforced expectations Japan may tolerate more yen weakness, with 165 increasingly viewed as the next line in the sand... Read More.

Tech selloff stirs bubble fears in US stock market

Tuesday, June 30 by SRN News

By Saqib Iqbal Ahmed NEW YORK, June 30 (Reuters) - Soaring stock market valuations, dramatic swings in the market value of trillion-dollar companies, and periodic sharp selloffs have fueled growing concerns that parts of the U.S. stock market may be in a bubble. Investors have long... Read More.

EU’s side of U.S. trade deal to come into force on July 1

Tuesday, June 30 by SRN News

BRUSSELS, June 30 (Reuters) - The European Union's side of a trade deal struck with the United States last year, which will remove import duties on many U.S. goods, will come into force on July 1, said a formal European Union regulatory filing. • The... Read More.

Swiss to ease recognition of US standards for cars, medical devices as trade deal sought

Tuesday, June 30 by SRN News

ZURICH, June 30 (Reuters) - Switzerland plans further steps to underpin commitments made in a preliminary U.S. tariff deal last year, including streamlining recognition of American standards for cars and medical devices, the government said late on Monday. As it seeks to formalise a trade... Read More.

Iran war turns Asia toward diversifying energy supplies, undermining climate goals

Tuesday, June 30 by SRN News

BANGKOK (AP) - Asian nations hit hard by the Iran war's price shocks are rushing to diversify and strengthen their energy security, potentially undermining their commitments to curb climate change. As negotiations on ending the war drag on, countries in energy hungry Southeast Asia are... Read More.

BIS dares to blaspheme as AI bubble fears wane: Mike Dolan

Tuesday, June 30 by SRN News

By Mike Dolan LONDON, June 30 (Reuters) - Although some deem it blasphemous to suggest the AI boom is another bubble, the world's central banking forum and watchdog has warned against getting swept up in the frenzy, just as investors appear increasingly reluctant to second-guess... Read More.

Ralph Lauren wins China superfans by selling the American Dream – at the right price

Tuesday, June 30 by SRN News

By Casey Hall SHANGHAI, June 30 (Reuters) - Collector Xiao Neng says he has spent at least $1 million on Ralph Lauren clothing over the past four to five years, building a wardrobe so large that he now sells pieces of it in two vintage... Read More.

Analysis-Ferrari and BMW join Tesla, China in switch from copper to cheaper aluminium

Tuesday, June 30 by SRN News

By Eric Onstad, Amy Lv, Ju-min Park and Kalea Hall LONDON/SHANGHAI/BEIJING/DETROIT, June 30 (Reuters) - Ferrari and BMW are rolling out new models featuring lightweight, cost-effective aluminium wiring, accelerating a shift away from copper, the dominant material in electric wiring since the invention of the... Read More.

Current Weather

Factbox-Why companies are swapping copper for aluminium

China’s Meituan says new AI model trained on domestic chips

Analysis-Tokyo keeps powder dry as ‘line in the sand’ on yen shifts

Tech selloff stirs bubble fears in US stock market

EU’s side of U.S. trade deal to come into force on July 1

Swiss to ease recognition of US standards for cars, medical devices as trade deal sought

Iran war turns Asia toward diversifying energy supplies, undermining climate goals

BIS dares to blaspheme as AI bubble fears wane: Mike Dolan

Ralph Lauren wins China superfans by selling the American Dream – at the right price

Analysis-Ferrari and BMW join Tesla, China in switch from copper to cheaper aluminium

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