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China’s central bank sets onshore yuan fixing at strongest point in nearly 16 months

China’s central bank strengthened the yuan’s daily fixing for a third consecutive session to a nearly 16-month high, as the currency also held firm in offshore markets despite recent US dollar strengt...

3dSouth China Morning PosteconomicsImpact

Tesla's Full Self-Driving System Will Soon Require a Subscription

Customers can currently buy the hands-free tech with an $8000 one-time purchase, but in February, Tesla is switching to a subscription-only model....

13hCar and DriverTechnologyImpact

Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks

In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system....

9hCoinTelegrapheconomics

Pakistan taps Trump-linked crypto firm for stablecoin payments deal: Report

Pakistan has signed an agreement with SC Financial Technologies, a firm linked to Trump-backed World Liberty Financial, to explore using its USD1 stablecoin for payments....

1dCoinTelegraphcryptocurrencyImpact

Zhipu AI breaks US chip reliance with first major model trained on Huawei stack

Chinese artificial intelligence firm Zhipu AI said its new image generation model was trained on chips from Huawei Technologies, making it the first powerful open-source model to be developed on an en...

1dSouth China Morning PostTechnologyImpact

Germany’s Merz pledges to fast track India-EU trade deal during first official Asia visit

German Chancellor Friedrich Merz’s first visit to Asia has raised India’s hopes for a long-awaited trade pact with the European Union as Berlin pushes for deeper engagement with South Asia amid height...

2dSouth China Morning PostPoliticsImpact
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