22 h. ago Nvidia bets on European AI push amid shrinking China revenue

Nvidia is trying to woo European markets with new partnerships and a pledge to build 20 new artificial intelligence (AI) factories across the continent, as the US chip giant grapples with declining sales in China amid Washington’s tightening export controls. CEO Jensen Huang, speaking at the annual VivaTech conference in Paris on Wednesday, said the company was building the world’s first “industrial artificial intelligence cloud” for European manufacturers. The Germany-based facility, a key part...

Politics

3 d. ago Hong Kong medical device maker to expand China facility amid US, EU barriers

Vincent Medical Holdings, a Hong Kong-based medical device maker, has doubled down on manufacturing in China by investing in automation and digitalisation, instead of moving operations abroad amid rising trade barriers in the US and Europe. The maker of disposable radiology products and respiratory devices is building a factory in Kaiping in the western part of the Greater Bay Area, CEO Raymond Choi Cheung-tai said in an interview. Trial operations could start before the end of the year, he...

Politics

4 d. ago China’s Geely hits the brakes on new plant construction globally: Li Shufu

Geely Auto, the mainland’s second-largest carmaker, will not build new plants amid excess capacity worldwide, a move that is likely to ripple across the sector as most Chinese companies are finding it difficult to make profits. Chairman Li Shufu told the Chongqing Auto Show over the weekend that the company would avoid building excess capacity and instead focus on improving its technological capabilities to become a key player in the future of mobility. “The global automotive industry is mired...

Events

1 week ago Hong Kong to impose new emission caps on local power plants from 2030

Hong Kong environmental authorities will impose new emission caps on power plants from 2030 in a bid to further improve local air quality, with a major electricity firm pledging to import more zero-carbon energy from mainland China. The Environment and Ecology Bureau said on Friday that it would further cut the electricity sector’s annual emission allowances for sulphur dioxide, nitrogen oxides and respirable suspended particulates (RSPs). In five years, the allowances would be reduced by 19 per...

Events

2 w. ago Facing sinking coal demand, China asks power plants to just buy more, sources say

Facing sinking coal demand, China asks power plants to just buy more, sources say  Reuters

Economics

2 w. ago Explosion hits chemical plant in eastern Chinese province of Shandong

An explosion has hit a chemical plant in Shandong province eastern China, producing a large fireball and sending plumes of smoke hundreds of feet into the air. Rescue efforts were ongoing on Tuesday afternoon but the number of casualties was unknown, according to state broadcaster CCTV. The explosion occurred at a site owned by Shandong Youdao Chemical in Gaomi city just before noon. The cause is yet to be determined. Residents reported hearing a loud bang and said the blast had shattered the...

Events

2 w. ago 5 dead and 6 missing after chemical plant blast in Chinese province of Shandong

An explosion at a chemical plant in Shandong province in eastern China on Tuesday has killed five people with a further six still missing, state broadcaster CCTV reported. The explosion, which occurred at a site owned by Shandong Youdao Chemical in Gaomi city just before noon, also left 19 people injured. The local emergency management bureau said on-site search and rescue operations and clean-up work had continued into the night. The cause is yet to be determined. The accident created a large...

Events

2 w. ago Hong Kong eyes pharmaceutical plant tours for ‘industrial brand’ tourism

Deputy Chief Secretary Warner Cheuk says plan part of effort to offer visitors experiences beyond traditional shopping, sightseeing.

Economics

3 w. ago Ancestor cell of animals and plants lived on hydrogen, not oxygen: Chinese study

Understanding the origin of the building block of all animal and plant life may lead to more insights about life on Earth and in outer space.

Politics

3 w. ago CATL’s EV battery plants to become carbon neutral this year, founder says

Company will offer its technologies and solutions to its partners globally to promote clean energy.

Politics