Xi pledges $51bn in new financing for African countries at Forum on China-Africa Cooperation. Chinese President Xi Jinping has pledged to create “at least” one million jobs in Africa as he seeks to position Beijing as the development partner of choice for the Global South. Speaking at the Forum on China-Africa Cooperation on Thursday, Xi … Read more
US chip maker to cut 15 percent of workforce as part of efforts to cut costs by $10bn in 2025. Chipmaker Intel has announced plans to slash more than 15 percent of its workforce as it tries to make up ground on rivals such as Nvidia and AMD. Under the restructuring plan announced on Thursday, … Read more
Tech giant says investment in Southeast Asian country will ‘pave the way for delivering the transformative power of AI’. Google has announced that it will invest $2bn in Malaysia to establish its first data centre and “cloud region” in the Southeast Asian country. “This investment is not just about infrastructure; it’s about unlocking new possibilities … Read more