Rebellions Inc., a South Korean startup, unveiled an artificial intelligence (AI) chip on Monday as it competed for government contracts and Seoul sought a place for homegrown firms in the burgeoning AI sector.   The firm's ATOM chip is the most recent attempt by Korea to compete with Nvidia...

Following the imposition of a price cap on oil products by major economies, Russia will cut its crude oil production by 500,000 barrels per day starting in March. Following the cut's announcement by Alexander Novak, deputy prime minister of Russia, oil prices increased.   The price that the...

The large oil companies, including ExxonMobil and Norway's Equinor as well as UK-based BP and Shell, have been announcing astounding profit numbers.   They are all profiting from the rise in oil and gas prices as a result of the invasion of Ukraine.   People struggle to pay their...

In order to unlock much-needed funds from a $6.5 billion program, the International Monetary Fund has asked for more time to negotiate with Pakistan.   The cash-strapped nation's four most important economic indicators are listed below.   Currency Reserves   Only three weeks'...

On Thursday, the crypto industry's woes continued, with plummeting deposits, layoffs, and a lawsuit adding to the turbulence of 2022, which was dominated by falling prices and high-profile bankruptcies.   The fallout from the collapse of cryptocurrency exchange FTX, as well as criminal...

Businesses in China are paying top dollar for virtual employees in fields ranging from customer service to the entertainment industry.   The number of virtual people projects completed for clients by Baidu has more than doubled since last year, with prices ranging from $2,800 to $14,300 per...

The United Kingdom announced the opening of its 75-million-pound ($90.5-million) fund to help increase local production of nuclear fuel for power stations and reduce the dependence on Russian uranium supplies.   The fund, which was announced in July, will provide grants to companies involved...

For much of the past two years, Tesla customers who waited months for their new car have had an unusual option: keep the new electric car or sell it at a profit to someone who has less patience.   However, the days of the Tesla flip are coming to an end, which could endanger the already...

After weeks of negotiations on the emergency measure that has divided opinion within the bloc as it seeks to contain the energy crisis, the energy ministers of the European Union finally agreed on a gas price cap on Monday.   The cap is the EU's 27-country bloc's most recent effort to reduce...

Morgan Stanley lifted its forecast for China's economy in 2023, predicting that a recovery will occur sooner and more sharply than expected.   According to a research note led by the firm's chief Asia economist Chetan Ahya, the firm raised its forecast for the country's GDP in 2023 to 5.4%...

According to Nomura, China's Covid lockdowns are having a lessening impact on the economy for the first time since early October.   However, analysts at a Japanese bank warned that the road ahead will be difficult because China does not appear to be prepared for an increase in infections....