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The market for e-bike delivery has grown dramatically in the past few years. Here's how startups, delivery companies, and city governments are improving safety. The explosion of delivery startups and e-bikes in the past few years has led to a new type of boom: increasing battery fires. "E-bike batteries are made up of a bunch of small batteries stacked together," Charlie Welch, ZapBatt's cofounder and CEO, said. JOCOOther startups, such as Popwheels, are engineering safe batteries that are compatible with the e-bikes delivery drivers already own.

Persons: —, Uber, Ravindra Kempaiah, Michael Pecht, Brian O'Connor, O'Connor, Charlie Welch, ZapBatt's, Welch, Jonathan Cohen, Grubhub, Jonathan A, Cohen, David Hammer, Hammer, Baruch Herzfeld, they've, We've Organizations: Bloomberg, Zen Electronics, University of Maryland, Fire Protection Association, UL Solutions, US Consumer Product Safety Commission, UL Locations: New York City, New York, Halifax , Nova Scotia, China, Carlsbad , California, Brooklyn , New York

☆ 28-year-old self-made billionaire started his self-driving car company in his parents' garage—now he's worth $1.6 billion
▼ + stars: | 2023-07-24 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

When Austin Russell was a 17-year-old high school student, he founded Luminar Technologies, which makes laser sensors that can help self-driving cars detect nearby objects. Now 28, Russell is the world's youngest self-made billionaire, according to Forbes, as Luminar competes with major companies like Tesla and Alphabet's Waymo. But self-driving cars aren't exactly commonplace on American roads, meaning Russell and Luminar have a lot of work ahead of them, despite their lofty valuations. How it differs from Tesla's approachElon Musk's Tesla also seeks to popularize self-driving cars, and Musk's approach to the technology is entirely different. Lidar could potentially change that, Russell says: Cameras can be helpful "for certain use cases," but lidar is "a huge step forward."

Persons: Austin Russell, Russell, Waymo, —, Luminar, Elon Musk's Tesla, Mario Herger, Herger, Tesla Organizations: Luminar Technologies, CNBC, Forbes, Benz, Volvo, Stanford University, Thiel, Washington Post Locations: Orlando , Florida, U.S

☆ Xi Jinping's politburo is set to weigh up how to revive China's faltering economy
▼ + stars: | 2023-07-24 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

China's top decision-making body, the Politburo, is set to meet to discuss the economy Friday. The country's growth has stagnated in recent months, while youth unemployment has soared. The Politburo, which is Beijing's top decision-making body, is set to meet at the end of what could be a make-or-break week for markets. That's become a crucial concern for China in recent weeks, with growth stagnating, youth unemployment soaring, and the country teetering on the brink of deflation. Chinese stocks have struggled in 2023 amid signs the country's economy is faltering after nearly three years of harsh zero-COVID lockdowns.

Persons: That's, Evergrande, Xi Jinping, Mark Haefele, we've Organizations: Service, UBS Global Wealth Management, CSI Locations: Beijing, Wall, Silicon, mull, China, Shanghai

[1/3] A man called David checks his phone as he stands near a fan to cool off, during a heatwave across Italy, in Rome, July 14, 2023. A heat wave has hit southern Europe during the peak summer tourist season, breaking records - including in Rome - and bringing warnings about an increased risk of deaths. Spain is expected to endure higher-than-average temperatures this summer, with two heatwaves already baking the country in June and July. Amazon Business, where companies can order supplies, saw more than a 20% increase in portable air-conditioning unit sales across Spain, Italy, and France this month compared to July last year. Smaller devices, like hand-held fans and fans worn around the neck, were also selling in their thousands.

Persons: David, Guglielmo Mangiapane, Angela Lonardo, Leroy Merlin, Elisa Anzolin, Corina Rodriguez, Helen Reid, Sharon Singleton Organizations: REUTERS, El, El Corte Inglés, Amazon Spain, Amazon, Thomson Locations: Italy, Rome, MADRID, MILAN, Southern Europe, Europe, United States, El Corte, Madrid, Spain, Seville, Sensibo, France, Corte, Milan, London

July 24 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. If that wasn't enough, purchasing managers index figures will give the first indications on how economies performed in July. Dovish signals from Fed Chair Jerome Powell would probably boost risk appetite and lift global stocks markets. The dollar and U.S. bond yields would likely come under downward pressure too - often bullish triggers for Asian and emerging markets. BOJ Governor Kazuo Ueda has signaled his resolve to maintain massive monetary stimulus, despite inflation persistently outpacing the bank's 2% target.

Persons: Jamie McGeever, Jerome Powell, Kazuo Ueda, Japan PMIs, Australia PMIs, Diane Craft Organizations: Communist Party, U.S . Federal Reserve, European Central Bank and Bank of Japan, Microsoft, Investors, Reuters, Thomson Locations: U.S, Asia, China, Beijing, Australian, Malaysia, Singapore, Malaysian, Japan, Australia

☆ How investors can get ahead by listening to a company's earnings conference call
▼ + stars: | 2023-07-23 | by ( Zev Fima | ) www.cnbc.com time to read: +20 min

Commentary on the results Almost all calls begin with a discussion of the reported results. The reported quarter ended May 31 and the call was hosted on June 30, a full month after the quarter ended. By listening into the call, an investor could see that the reported results did not tell the full story around Wynn's business in China. As with the reported results, any comments on supply chains and customer dynamics could prove relevant to the direction of the stock. It can be quantitative, by which management provides actual targets for sales, earnings, and/or industry metrics.

Persons: —, they've, Gamble, Jeff Miller, Mark Zuckerberg, Zuckerberg, takeaways, It's, Jim Cramer's, Jim Cramer, Jim, sasirin Organizations: Procter, TJX, Devices, Club, Constellation Brands, Wynn Resorts, WYNN, Halliburton, HAL, Microsoft, Apple, Linde, LIN, Management, Coterra, Investors, Nvidia, Jim Cramer's Charitable, CNBC, iStock, Getty Locations: Macao, China, overspending

☆ Bullpen gets a new stock that can continue to benefit from Wall Street's broadening rally
▼ + stars: | 2023-07-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

The stock we're adding first is DuPont (DD). In conjunction with the transaction, DuPont was in the process of selling its Mobility & Material (M & M) business to Celanese for $11 billion in cash. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: we'll, DuPont couldn't, Rogers, Celanese, that's, Steve Tusa, Ed Breen, Jim Cramer's, Jim Cramer, Jim Organizations: Dow Jones, DuPont, Investing, Rogers Corporation, Federal Reserve, JPMorgan's, Industry, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: Celanese, China, New York

☆ What we hope to see from 9 Club stocks out with earnings in the week ahead
▼ + stars: | 2023-07-22 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.

Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk

☆ Not every version of Barbie was a hit. Check out these flops
▼ + stars: | 2023-07-22 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

Barbie’s pregnant sidekick, MidgePregnant Midge was featured in Mattel's Happy Family Barbie Collection that also included Alan (pictured here behind the stroller). Fast-forward to 2002, Mattel introduced a pregnant Midge doll, featuring a detachable baby bump with a toy baby inside. The Midge doll created ripples. Walmart (WMT) ended up pulling the pregnant Midge doll from its store shelves, citing customer complaints about the appropriateness of a “pregnant” doll. When the FBI came after this BarbieVideo Barbie doll with a built-in LCD screen and download port for videos.

Persons: New York CNN —, Barbie, She’s, who’ve, Barbie Fashionistas, “ Barbie, ”, James Zahn, “ There’s, Midge, Alan, Lawrence Lucier, Zahn, Allan, Ryan, “ Allan ”, “ Allan didn’t, Mattel, “ Alan ”, Tanner, Barbie’s, Mark Ralston, Tanner playset, Tanner playsets, Barbie Mattel, Martin James Brannan, Skipper, Skipper ”, “, Miguel Villagran, Barbie Mark Lennihan, Richard Gottlieb Organizations: New, New York CNN, Bel Air, Mattel, Walmart, “, US Consumer Product Safety Commission, OREO, Nabisco, Fairfax Media, FBI, Global Toy Experts, New York Times Magazine Locations: New York, American, Barbie, AFP

"The oil market is starting to slowly price in a looming supply crunch," Price Futures Group analyst Phil Flynn said. "Global supplies are starting to tighten and that could accelerate dramatically in the coming weeks. A shutdown of the grain corridor could hit supplies of ethanol and biofuels that are blended with oil products at a time that global grain markets are already tightening, which would lead to refiners using more crude oil, Flynn said. Meanwhile, U.S. energy firms this week reduced the number of oil rigs by seven, their biggest cut since early June, energy services firm Baker Hughes said. At 530, the U.S. oil rig count, an early indicator of future output, is at its lowest since March 2022.

Persons: WTI, Phil Flynn, Flynn, Baker Hughes, Suhail, Mazrouei, Rob Haworth, Shariq Khan, Natalie Grover, Arathy, Andrew Hayley, Marguerita Choy, David Holmes Organizations: Brent, U.S . West Texas, Futures, Energy Information Administration, EIA, UAE Energy, Reuters, P, U.S, Bank Asset Management, Thomson Locations: Russia, Ukraine, China BENGALURU, U.S, Bengaluru, London, Houston, Beijing

Brent crude futures rose $1.43, or 1.8%, to settle at $81.07 a barrel. U.S. West Texas Intermediate crude futures rose $1.42, or 1.9%, to settle at $77.07 a barrel, the highest since April 25. "The oil market is starting to slowly price in a looming supply crunch as it is on track for its fourth week of price gains," Price Futures Group analyst Phil Flynn said. In the U.S., crude inventories (USOILC=ECI) have fallen, amid a jump in crude exports and higher refinery utilisation, the Energy Information Administration (EIA) said on Wednesday. Data from the world's second-biggest oil consumer suggests the government's 5% annual growth target will be missed.

Persons: Brent, Phil Flynn, Flynn, Suhail, Mazrouei, Jay Hatfield, Rob Haworth, Shariq Khan, Natalie Grover, Arathy, Andrew Hayley, Marguerita Choy, David Holmes Organizations: Friday, Brent, . West Texas, Futures, Energy Information Administration, EIA, UAE Energy, Reuters, Infrastructure Capital Management, P, U.S, Bank Asset Management, Thomson Locations: Russia, Ukraine, China BENGALURU, U.S, China, Bengaluru, London, Houston, Beijing

Brent crude futures rose 90 cents, or 1.1%, to $80.54 a barrel by 11:36 a.m. EDT [1536 GMT]. U.S. West Texas Intermediate futures rose 97 cents, or 1.3%, to $76.62 a barrel. "The oil market is starting to slowly price in a looming supply crunch as it is on track for its fourth week of price gains," said Price Futures Group analyst Phil Flynn. "Global supplies are starting to tighten and that could accelerate dramatically in the coming weeks. Data from the world's second-biggest oil consumer suggests the government's 5% annual growth target will be missed.

Persons: Phil Flynn, Flynn, Suhail, Mazrouei, Jay Hatfield, Shariq Khan, Natalie Grover, Arathy, Andrew Hayley, Conor Humphries, David Holmes Organizations: Brent, . West Texas, Futures, UN, Energy Information Administration, UAE Energy, Reuters, Infrastructure Capital Management, Thomson Locations: Russia, Ukraine, China BENGALURU, U.S, China, Bengaluru, London, Houston, Beijing

☆ Oil climbs, fuelled by tighter supplies, China stimulus
▼ + stars: | 2023-07-21 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

LONDON, July 21 (Reuters) - Oil prices rose on Friday, buoyed by evidence of tightening supplies and economic stimulus in slow-recovering China. Brent futures were up $1.02 at $80.66 a barrel by 1134 GMT, while U.S. West Texas Intermediate (WTI) crude climbed $1 to $76.65 a barrel. "Demand from China and India could therefore shift more towards other suppliers, which would push up oil prices," the analysts said. "That tightness in supply is already showing up in inventories," analysts from ANZ Bank said. "The announcement remains short on detail but notions of China buying more cars gives rise in hope for oil investor bulls," PVM analyst John Evans said.

Persons: Brent, John Evans, Natalie Grover, Arathy Somasekhar, Andrew Hayley, Louise Heavens, David Holmes Organizations: U.S, West Texas, Energy Information Administration, ANZ Bank, Thomson Locations: China, Russia, India, Saudi Arabia, U.S, London, Houston, Beijing

☆ KKR boosts chemicals portfolio with $1.3 billion deal for Chase
▼ + stars: | 2023-07-21 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo(Reuters) -KKR & Co said on Friday it would buy chemical maker Chase in an all-cash deal valued at about $1.3 billion including debt, to help the private equity firm bolster its holdings in the specialty chemicals sector. Chase manufactures chemicals such as adhesives and coating materials to be used in industries ranging from automotive and electronics to energy markets. KKR has been on a deal-making spree to expand its portfolio of assets and businesses in tech, healthcare, real estate, energy and credit. Valve and pump maker Circor is also poised to sell itself to KKR in a $1.7 billion deal.

Persons: Brendan McDermid, Chase, ”, Josh Weisenbeck Organizations: KKR, New York Stock Exchange, REUTERS, Wall Street Journal, Valve Locations: New York, U.S, Europe

☆ Asian shares subdued after US tech falters, dollar and yields hold gains
▼ + stars: | 2023-07-21 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.5%, heading for a weekly loss of 1.8%. Shares of Taiwanese chipmaker TSMC (2330.TW) slumped 3.3%, after the world's largest contract chipmaker flagged a 10% drop in 2023 sales. The U.S. dollar index was little changed at 100.78, after advancing 0.5% overnight, the biggest one-day gain since mid-May. The Australian dollar gave up almost all of its gains made after a strong local jobs data release to hover below 68 cents. Brent crude futures were up 0.8% at $80.27 per barrel and U.S. West Texas Intermediate crude futures rose 0.8% to $76.25.

Persons: BOJ, TSMC, HSI, Wanda, Betty Wang, Stella Qiu, Lincoln Organizations: Netflix, Fed, ECB, Tesla, Treasury, Nasdaq, U.S . Federal Reserve, European Central Bank, Bank of Japan, Japan's Nikkei, HK, ANZ, U.S, Australian, TD Securities, Brent, . West Texas, Thomson Locations: SYDNEY, U.S, Asia, Pacific, Japan, China, Beijing, Europe

☆ China's steps to boost sales of cars, electronics disappoint market
▼ + stars: | 2023-07-21 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

FILE PHOTO-People enter the SEG E-Market at Huaqiangbei electronics market in Shenzhen, Guangdong province, China June 8, 2023. REUTERS/David Kirton/File PhotoBEIJING (Reuters) -Chinese authorities announced measures on Friday intended to help boost sales of automobiles and electronics with the goal of shoring up a sluggish economy, but the steps failed to impress investors who have been clamouring for stronger stimulus. The Friday statement aimed at encouraging automobile consumption echoed this. “These supports will unlikely significantly boost consumption when people are still generally reluctant to spend as they lack confidence in the economic recovery,” UBS said in a note on Friday. Investors have said they are disappointed by China’s weak second quarter growth and want to see stronger stimulus, with some pinning their hopes on the Politburo meeting later this month.

Persons: David Kirton, Tesla, ”, China’s Organizations: SEG, REUTERS, National Development, Reform, ” UBS Locations: Shenzhen, Guangdong province, China, BEIJING

☆ China announces steps to boost sales of cars, electronics
▼ + stars: | 2023-07-21 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

FILE PHOTO-People enter the SEG E-Market at Huaqiangbei electronics market in Shenzhen, Guangdong province, China June 8, 2023. REUTERS/David Kirton/File PhotoBEIJING (Reuters) -Chinese authorities announced a raft of measures on Friday to help boost sales of automobiles and electronics, and warned local governments from rolling out policies that would fuel vicious competition, as they seek to shore up a slowing economy. As China’s post-pandemic economic recovery slows, policymakers have identified the country’s automobile sector as a key lever which they want to use to shore up growth. In June, they unexpectedly extended a purchase tax break on new energy vehicles (NEVs) until 2027. A separate statement on supporting sales of electronics products said authorities would encourage scientific research institutes and market entities to actively apply domestic artificial intelligence (AI) technology to improve intelligence levels of electronic products.

Persons: David Kirton, Tesla Organizations: SEG, REUTERS, National Development, Reform Locations: Shenzhen, Guangdong province, China, BEIJING, Regions

HONG KONG/TAIPEI, July 21 (Reuters) - Investors are putting aside geopolitical tensions to pile in to Taiwan stocks, with foreign inflows the biggest in years, thanks to soaring artificial intelligence and chipmaking stocks. Rather, investors say it's all the more sturdy as the bogged-down conflict deters Chinese action and risks can be managed by keeping positions liquid with one eye on a possibly quick exit. "A potential escalation of events in the Taiwan Strait down the line is less relevant for these investors," he said. "So that makes Taiwan’s AI supply chain very attractive for foreign investors, and we believe their fund inflows will continue to be strong throughout the year." Investors say Taiwan's market is uniquely positioned to benefit because it is exposed to the sector's growth from applications to components, where demand is rebounding.

Persons: Carlos Casanova, Warren Buffett, we've, Frank Benzimra, Hai, Andrew Swan, Goldman Sachs, Clarence Chan, Summer Zhen, Kim Coghill Organizations: Nasdaq, Union Bancaire, Taiwan Semiconductor Manufacturing, Societe Generale ., Accton Technology, Hai Precision Industry, Wistron Corp, Alchip Technologies, Ark Investment Management, Vanguard, PineBridge Investments, Mellon Investment Management, Thomson Locations: HONG KONG, TAIPEI, Taiwan, Asia, Ukraine, Taiwan Strait, China, Taipei, Japan, PineBridge Investments Asia, Alchip, Asia Pacific, Hong Kong

Powerchip and Japanese financial firm SBI Holdings (8473.T) earlier this month said they aim to attract government subsidies to build the plant amid a wave of investment in Japan aimed at boosting its chip manufacturing capabilities. "I think about five to seven years... it depends on the business," Joe Wu, President of PSMC Japan, told Reuters when asked about the timing for a potential listing. Powerchip said it sees scope for additional foundry capacity in Japan, which has seen a lack of investment. The Taiwanese firm previously set up a joint venture in China to build a chip factory which listed in Shanghai this year. Powerchip and SBI hope to attract additional funds for the Japan business and are targeting chip industry customers and financial investors as potential backers, Wu said.

Persons: Powerchip, Joe Wu, Wu, Sam Nussey, Miho Uranaka, Elaine Hardcastle Organizations: Powerchip Semiconductor Manufacturing Corp, SBI Holdings, Reuters, Companies, Renesas Electronics, Mitsubishi Electric, Taiwan Semiconductor Manufacturing, Sony Group, Denso Corp, Powerchip, Thomson Locations: TOKYO, Taiwan, Japan, Kyushu, China, Shanghai

☆ TSMC’s awkward signalling opens up chip limbo
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, July 21 (Reuters Breakingviews) - Is the chip market bottoming out? On the other hand, executives struck an upbeat tone on artificial intelligence, and noted the company is adding capacity on that front. TSMC's lower full-year revenue guidance now casts doubt on a much-anticipated year-end or early-2024 rebound in demand for electronics that would reverse the industry supply glut. Even so, investors have no clearer insight into how fast global demand will pick up, nor how the AI frenzy will evolve. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: C.C, Wei, TSMC, Robyn Mak, whir, Una Galani, Thomas Shum Organizations: Reuters, Taiwan Semiconductor Manufacturing, TSMC, Twitter, Thomson Locations: HONG KONG

☆ Russia hits Ukraine's grain for fourth day, practises seizing ships
▼ + stars: | 2023-07-21 | by ( Olena Harmash | ) www.reuters.com time to read: +6 min

Moscow has described the attacks as revenge for a Ukrainian strike on a Russian-built bridge to Crimea - the Ukrainian Black Sea peninsula illegally annexed by Moscow in 2014. Russia's defence ministry on Friday said its Black Sea fleet had practised firing rockets at "floating targets" and apprehending ships. The president of Turkey, which brokered the deal alongside the U.N. said, he hoped planned talks with Russian President Vladimir Putin could lead to the restoration of the initiative. Western leaders have accused Russia of seeking to loosen sanctions imposed over its invasion of Ukraine, which already exempt exports of Russian food. Russian grain has moved freely through the Black Sea to market throughout the conflict and traders say Russia is pouring wheat onto the market.

Persons: Oleh Kiper, Vladimir Putin, Tayyip Erdogan, Putin, WAGNER, Russia's Wagner, Yevgeny Prigozhin, Wagner, Yuriy Malashko, Volodymyr Zelenskiy, Joe Biden's, Zelenskiy, Anna Pruchnicka, Philippa Fletcher, Peter Graff Organizations: Press Service, Operational Command, Ukrainian Armed Forces, NATO, Poland KYIV, UN, Washington, . Security, Ukraine, United, U.S, West, Thomson Locations: Russian, Ukraine, Odesa region, Russia, Poland, Odesa, Moscow, Crimea, Ukrainian, Washington, Turkey, Gulf, Cyprus, POLAND, Polish, Belarus, People, Zaporizhzhia, Kostiantynivka, Donetsk, Iranian, United States, Russia's, Kyiv, KYIV

☆ This global chip giant is set for an 'outsized' growth opportunity from A.I., fund manager says
▼ + stars: | 2023-07-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

One global chipmaker is set to benefit from an "outsized growth opportunity" on the back of the artificial intelligence trend, says Richard Clode, fund manager at Janus Henderson Investors. "Ultimately, when you look out in three years time, your iPhone is going to have to have a huge amount of AI capability. Clode manages the Horizon Global Technology Leaders Fund and the Horizon Sustainable Future Technologies Fund. Top holdings in his funds include chipmakers Nvidia and TSMC , payments giants Mastercard and Visa and a range of Big Tech stocks. The Horizon Global Technology Leaders Fund was up around 34% in the six months to the end of June, while the Horizon Sustainable Future Technologies Fund was 25% higher.

Persons: Richard Clode, Janus Henderson, CNBC's, Clode Organizations: Janus Henderson Investors, Taiwan Semiconductor Manufacturing Company, Horizon Global Technology, Fund, Technologies, Nvidia, Mastercard, Visa, Big Tech, Nasdaq, Global Technology

☆ China announces steps to boost sales of cars and electronics
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: +2 min

Employees work on the assembly line of new energy vehicles (NEVs) at a workshop of China FAW Group's Hongqi Fanrong Plant on July 5, 2023 in Changchun, Jilin Province of China. Chinese authorities announced measures on Friday intended to help boost sales of automobiles and electronics with the goal of shoring up a sluggish economy, but the steps failed to impress investors who have been clamoring for stronger stimulus. In June, they unexpectedly extended a purchase tax break on new energy vehicles until 2027. A separate statement on supporting sales of electronics products said authorities would encourage scientific research institutes and market entities to actively apply domestic artificial intelligence technology to improve intelligence levels of electronic products. Investors have said they are disappointed by China's weak second quarter growth and want to see stronger stimulus, with some pinning their hopes on the Politburo meeting later this month.

Persons: Tesla, China's Organizations: China FAW Group's Hongqi, National Development, Reform Locations: Changchun, Jilin Province, China

☆ A Speedo vs 'outdated swimwear' analogy has officially entered the US-China tech war conversation
▼ + stars: | 2023-07-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Xie Feng, the Chinese ambassador to the US, said Washington isn't playing fair in its tech race with China. Restrictions on China are like forcing it to wear outdated swimwear while the US wears Speedos, he said. The tech war between the world's two largest economies has been intensifying. On Wednesday, Xie Feng, the Chinese ambassador to the US, found the most unexpected analogy to the US-China tech competition by comparing American restrictions on China to different types of swimwear. It also wants to slap further export restrictions on AI chips to China, the Wall Street Journal reported on June 27.

Persons: Xie Feng, Washington isn't, Xie, we've, Biden, China's Organizations: Aspen Security, Wall Street, Micron Locations: China, Colorado, Netherlands, Beijing

☆ BOJ launches forum with 60 firms on digital yen pilot programme
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

TOKYO, July 20 (Reuters) - The Bank of Japan on Thursday kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use. The discussions will touch on various themes including the business and technological features of retail settlements using a central bank digital currency (CBDC), the central bank said in a statement. The BOJ has said no decision has been made yet on whether Japan will actually issue a digital yen, which must be made by the government and parliament. But many big Japanese companies were included in the list of 60 firms selected to join the discussions, a sign Japan is moving steadily toward such a launch. Central banks around the globe have been studying and working on digital versions of their currencies for retail use to avoid leaving digital payments to the private sector amid an accelerating decline in the use of cash.

Persons: Lawson, Leika, Kim Coghill Organizations: Bank of Japan, Sony, Toyota, East Japan Railway, Bank for International Settlements, Thomson Locations: TOKYO, Japan, Central

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