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China’s ‘Big Fund’ Launches 3rd Local Chip Industry Funding Worth $47.5 Billion

China’s ‘Big Fund’ Launches 3rd Local Chip Industry Funding Worth $47.5 Billion

China launched the third phase of its ‘Big Fund’ program supporting local semiconductor manufacturers with an estimated value of $47.5 billion.


Luciano Benetton to Resign as Chairman of Family-Run Apparel Brand Following Losses of Over $100 Million

Benetton Group co-founder Luciano Benetton announced his resignation as chairman. Luciano Benetton, a billionaire entrepreneur and co-founder of the Benetton Group, announced his intention to resign as chairman of the Italian fashion brand.

Saudi Arabia Intends to Sell Aramco Shares for Billions in June: Report

Saudi Arabia might be selling Aramco shares for $10 billion as early as June. A picture taken on September 15, 2019 shows an Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh.

YouTubers, Gamers Criticize Take-Two for Kerbal Space Program 2 Failure

A YouTube channel called ShadowZone recently uploaded a video highlighting the history of Kerbal Space Program 2’s development and why it eventually failed.


Latest News

South Korea, Japan, China Holds Trilateral Summit in Seoul to Discuss Resuming Free Trade Agreement Talks
South Korean President Yoon Suk-Yeol, Japanese Prime Minister Fumio Kishida, and Chinese Premier Li Qiang are to hold a trilateral summit in Seoul which would focus on resuming talks on a free trade agreement, among other matters.
French Finance Minister, Other G7 Finance Chiefs Warn of Oversaturation of Chinese Goods in Global Market
French Finance Minister Bruno Le Maire told Bloomberg that the G7 has an issue with China’s economic model, where the country produces more and more cheaper industrial devices, which he claimed could pose a threat to the global market.
Herbert Sim
It was no wonder Websea, the platform with Herbert as its COO since August 2023, would scale great heights. Websea, a billion-dollar market cap hybrid crypto exchange with CEX and DEX features combined into it, has its coin WBS hovering around a market cap of US$48 million. The price, over US$2.3 now, has more than doubled in a year, registering over 113% growth.
Cristina Hernandez
For many athletes and exercise enthusiasts, music isn't just something playing in the background—it's a vital ingredient for getting the most out of their workouts. While some prefer podcasts or the sounds of nature, others rely on the power of catchy tunes and motivational lyrics to keep them going during exercise.
Skyfarer
As a company dedicated to making drones accessible to all organizations, Skyfarer emphasizes the transformative potential of drone technology in various industries. The company showcases drones' practical applications through case studies and real-world examples, highlighting its ability to solve complex logistical challenges.
Iman and Adil Oubou, Co-Founders of Vocable AI
Noting the potential of Decentralized AI, Iman Oubou, an entrepreneur with domain expertise in both marketing and AI applications, cofounded Vocable AI to build a one-stop AI content marketing platform. Alongside her sibling and Co-founder, Adil Oubou, they've taken a unique approach, utilizing the power of a decentralized network to connect businesses with comprehensive AI-native solutions—from content research and strategies to deliverables.
The New York Times Dealbook Summit 2023
Glass Lewis advises Tesla shareholders to reject Elon Musk's $56 billion pay package due to concerns over its size, dilutive impact, and Musk's involvement in other ventures.
Joe Biden Expands Affordable Healthcare Coverage for DACA Immigrants
The White House is leading a campaign stressing the importance of maintaining Federal Reserve independence, notably in light of Trump's proposals that could compromise it.
RUSSIA-AGRICULTURE-WHEAT
Russia's stronghold on its grain industry, driven by government pressure and although worsened by geopolitical tensions, strengthens Moscow's control over global wheat supplies while complicating information access for traders.
Samsung Plans Using Own Exynos Chips for Galaxy Smartphones as Part of Cost-Cutting Effort
Chinese Premier Li Qiang welcomed Samsung's investment in China before a historic summit involving South Korea and Japan.