Tech News

Asian markets mixed as traders await US debt ceiling vote

Asian investors traded nervously Tuesday as they kept an eye on Washington, where lawmakers are expected to vote this week on a deal to hike the US debt ceiling and avoid a painful default.. In early trade, Asian markets fluctuated on Tuesday.

Erdogan confronts polarised Turkey after historic win

Turkish President Recep Tayyip Erdogan on Monday confronted the tough task of uniting his deeply divided country after winning a historic run-off election to extend his two-decade rule to 2028.. US President Joe Biden and Erdogan are due to talk on Monday, presidential spokesman Ibrahim Kalin told television channel A Haber.

Nvidia chief says tech at 'tipping point' as unveils AI products

Nvidia chief Jensen Huang said the world was at "the tipping point of a new computer era" as he unveiled a raft of AI-related products Monday in his first public speech in four years at a Taiwan tech trade show.. "We have now reached the tipping point of a new computing era."

Plastic pollution: treaty talks get into the nitty-gritty

French President Emmanuel Macron on Monday warned that global plastics pollution was a "time bomb", as diplomats began five days of talks in Paris to make progress on a treaty to end plastic waste.. "Plastic pollution is a time-bomb and at the same time already a scourge today," he said in a video message, in which he called for an end to a system where richer countries export plastic waste to poorer ones. 

Asian markets rally as traders welcome US debt deal

Asian markets rose Monday on news that President Joe Biden and House Speaker Kevin McCarthy have reached a deal to lift the US debt ceiling and avoid a calamitous default.. For now, dealers are upbeat as the breakthrough lifts the threat of a debt default by the United States that economists warn could hammer the global economy and cause market turmoil.

AI political fakery sparks fears for US 2024 race

A fake image of Donald Trump's arrest.. In a sobering bellwether of what may become widespread ahead of the 2024 race, fake images of Trump being hauled away by New York police officers –- created by an AI art generator -- went viral in March.

Erdogan's priorities for last term as Turkey president

Recep Tayyip Erdogan has a huge in-tray waiting for him at his presidential palace after extending his two-decade rule over Turkey for one last time in Sunday's runoff.. The cost of the damage is officially estimated at more than $100 billion and the huge reconstruction effort is still at an early stage.

Republicans, Biden reach debt ceiling deal

President Joe Biden and Republican leader Kevin McCarthy announced a deal Saturday to raise the debt ceiling, dragging the United States back from the precipice of default with only a few days to spare.. Biden argued that he would not negotiate over spending issues as a condition for raising the debt ceiling, accusing the Republicans of taking the economy hostage.

China's first homegrown passenger jet makes maiden commercial flight

China's first domestically produced passenger jet made its maiden commercial flight on Sunday, a milestone event in the nation's decades-long effort to compete with Western rivals in the air.. "In the future, most passengers will be able to choose to travel by large, domestically produced aircraft," state broadcaster CCTV said.

Iraq warned to end oil addiction to avoid 'intensive care'

Oil-dependent Iraq has been warned its economy risks going into "intensive care" unless it diversifies in line with worldwide efforts to tackle the impact of fossil fuels on the climate.. "If oil plunges, our economy will go to intensive care."