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Donald Trump has nominated Chris Wright, CEO of Liberty Energy, as Secretary of Energy. Wright, a proponent of fossil fuels and fracking, aligns with Trump's energy agenda, emphasizing increased oil and gas production while opposing climate change initiatives. His nomination reflects a shift towards prioritizing fossil fuel development in U.S. energy policy.
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The UK's Competition and Markets Authority (CMA) has concluded that Google's investment in AI startup Anthropic does not warrant a full investigation under merger rules. The CMA found no evidence of Google gaining material influence over Anthropic, which develops AI models and chatbots.
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China's smartphone market saw a 2.3% year-on-year growth in Q3 2024, marking four consecutive quarters of growth. Vivo leads the market, followed by Huawei and Apple, which has seen fluctuating performance amid intense competition and new product launches.
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Recent advancements in AI technology have led to the introduction of autonomous AI agents by companies like Microsoft and Anthropic. These agents can perform tasks on computers, enhancing productivity and reducing mundane work. As competition heats up, the implications for businesses and employees are significant, with both opportunities and challenges ahead.
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Recent reports reveal that US sanctions on China's semiconductor industry may be less effective than intended. Despite restrictions, Chinese firms like Huawei are reportedly accessing advanced chips, raising concerns about the efficacy of US export controls and the implications for global supply chains.
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Xiaomi's SU7 electric sedan has gained significant traction in the automotive market, with Ford CEO Jim Farley praising its quality. The SU7 Ultra, a high-performance variant, has also been launched, showcasing Xiaomi's rapid expansion in the EV sector amid growing competition from Chinese automakers.
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Recent discussions highlight the growing concerns over smartphone usage and its effects on mental health and social interactions. Individuals share experiences of increased screen time, withdrawal symptoms, and attempts to manage device dependency, reflecting a broader societal trend towards reevaluating technology's role in daily life.
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Indonesia has prohibited the sale of Apple's iPhone 16 and Google's Pixel smartphones due to non-compliance with local content regulations requiring 40% of components to be sourced domestically. This move aims to protect local manufacturers and attract foreign investment, impacting major tech companies in the region.
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Recent incidents involving floating bus stops in London and a tram derailment in Oslo have raised safety concerns. Charities criticize the design of floating bus stops for endangering pedestrians, particularly those with disabilities, while a tram crash in Norway injured several passengers and the driver, prompting investigations into the cause.
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In the wake of Donald Trump's election victory, major tech executives are proactively reaching out to him to rebuild relationships and mitigate potential backlash. This shift reflects lessons learned from Trump's first term, where corporate leaders faced punitive actions for perceived disloyalty. The outreach aims to secure favorable treatment in a potential second Trump administration.
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Apple's sales in Greater China fell slightly in Q4 2024, missing analyst expectations. Despite strong global iPhone demand, competition from local brands like Huawei and Xiaomi poses challenges. The anticipated launch of Apple Intelligence in Chinese is set for April 2025, which may impact future sales.
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As AI technology evolves, major companies like Google, Adobe, and Meta are facing scrutiny over their data usage practices. Recent developments indicate potential shifts in regulatory oversight, particularly with the Republican victory and Trump's plans to dismantle Biden's AI Executive Order, raising concerns about the future of AI governance.
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Following Donald Trump's election victory, fears are mounting over potential tariffs that could disrupt global trade, particularly affecting Europe and American farmers. Analysts warn that renewed trade tensions may exacerbate existing economic challenges in these regions, with significant implications for various industries.
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Following Donald Trump's election victory, U.S. markets have surged, with the S&P 500 and Dow Jones reaching record highs. Investors are optimistic about potential tax cuts and deregulation, while Bitcoin also hit a new peak. The Federal Reserve's recent interest rate cut further fueled market enthusiasm, marking a significant week for financial assets.
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As the US prepares for a new administration, tensions in the semiconductor industry rise. China showcases advancements at the China International Semiconductor Expo, while TSMC halts advanced chip supplies to Chinese firms amid compliance concerns. Intel faces challenges in maintaining its competitive edge in the global market.
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Recent editorials highlight China's economic recovery efforts, emphasizing stability and growth. Despite challenges, indicators suggest a rebound in the fourth quarter, with increased consumer sentiment and investment from foreign companies. Analysts call for bold measures to sustain momentum as the government aims for a 5% growth target this year.
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Consumer group Which? has filed a lawsuit against Apple, alleging anti-competitive practices related to its iCloud services. The claim suggests that Apple has overcharged approximately 40 million UK users since 2015, potentially resulting in damages of nearly £3 billion. Apple denies the allegations and plans to defend itself vigorously.
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The European Commission has fined Meta €798 million for abusing its market dominance by linking Facebook Marketplace to its social network, creating unfair competition for rival classified ad services. Meta plans to appeal the decision, claiming it ignores market realities.
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Donald Trump's recent election victory is prompting significant changes in global economic strategies. Countries and companies are adjusting their supply chains and defense spending in anticipation of his protectionist policies, particularly regarding tariffs on imports from China and other nations. This shift could reshape international trade dynamics.
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Apple has officially declared the second-generation Apple Watch Series 2 obsolete and has sold out its Lightning to 3.5mm headphone adapter. This marks a significant shift as the company phases out older products in favor of USB-C technology, impacting users of legacy devices.