Author: Daniel snow
Two graduate students research chemical products in a laboratory in Xiwangzhuang Town, Zaozhuang City, Shandong province of China, on Dec. 26, 2023.Nurphoto | Nurphoto | Getty ImagesBEIJING — For all the attention on U.S.-China competition in artificial intelligence, new studies point to China’s rapid rise in biotechnology, especially for drug and agricultural development.Out of five critical tech sectors, “China has the most immediate opportunity to overtake the United States in biotechnology,” the Harvard Belfer Center for Science and International Affairs said Thursday in its release of a “Critical and Emerging Technologies Index,” covering AI, biotech, semiconductors, space and quantum.While the…
When artificial-intelligence agents help you shop, are they following your wishes or shaping them? Source link
Christine Lagarde, president of the European Central Bank (ECB), at the Hertie School in Berlin, Germany, on Monday, May 26, 2025.Krisztian Bocsi/Bloomberg via Getty ImagesThe European Central Bank on Thursday announced a 25-basis-point interest rate trim taking the deposit facility rate to 2%, down from a mid-2023 high of 4%.Ahead of the announcement, traders had been pricing in an almost 99% chance of the quarter-point cut according to LSEG data.”In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of…
Avoiding deep cuts to America’s social safety net while reducing red ink would show global markets that the U.S. deserves their investment. Source link
Apple hasn’t spent enough on AI infrastructure and risks falling behind as rivals get more creative with their devices. Source link
Wise PLC is moving its primary listing from London to the U.S. Source link
U.S. Secretary of Defence Pete Hegseth attends the meeting of North Atlantic Council defence ministers during the NATO defence ministers’ meeting at the NATO headquarters on June 05, 2025 in Brussels, Belgium. Omar Havana | Getty Images News | Getty ImagesA higher defense spending target for NATO members is looking likely, as the alliance prepares for its big bang summit later in June.NATO defense ministers are meeting in Brussels on Thursday, ahead of a larger gathering on June 24-25, to discuss ramping up defense capabilities — everything from bolstering air and missile defenses to long-range weapons and ground force numbers.But…
The bond market is getting a lot of attention as the U.S. wrestles with its debt ceiling and Congress works on passing a tax-and-spending bill. Source link
Retail investors took a victory lap after their successful April buy-the-dip move, but analysts and strategists worry they are about to run into trouble. Source link
People wait outside the Nintendo Store for the release of the Nintendo Switch 2 in New York City, U.S., June 4, 2025. Kylie Cooper | ReutersNintendo’s flagship Switch 2, the successor to one of its most popular consoles, went on sale on Thursday with excitement and hype from fans leading to special store opening hours and shortages in some markets.The Japanese gaming giant is hoping the console can help sustain a monster rally in its shares which have risen nearly five-fold since the original Switch was released in March 2017.Nintendo is also hoping the Switch 2 can match the success…