BUSINESS

Carmaker cites competition, time and costs needed to scale the business. Source link

China’s antitrust authorities announced the opening of an investigation into Nvidia over a possible breach of a deal struck back in 2020. The move is part of a wider US-China confrontation regarding chip technology which can power artificial intelligence systems, military equipment and cyber warfare infrastructure. Washington had ramped up its export controls on chip … Read more

The Wall Street Journal reported Sunday that the companies were in advanced merger talks. Source link

As Syrian rebels topple the government of Bashar al-Assad in Damascus, we take stock of what over a decade of fighting has done to the country’s economy. Syria’s GDP has been decimated by the conflict’s human and material toll, while the Syrian pound has plummeted. On its last legs, the cash-strapped regime grasped at any … Read more

The world produces some 400 million tonnes of plastic waste every year. About half of all plastic is designed to be single use, that is, thrown away after being used just once. Hopes for a global treaty to tackle plastic production and waste faded at the start of December, when UN-backed talks failed to reach an … Read more