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Alibaba to invest US$1.4b in AI system for smart speakers
SHANGHAI: Alibaba Group Holding Ltd will invest 10 billion yuan ($1.41 billion) into an AI (artificial intelligence) and IoT (Internet of Things) system centered around its Tmall Genie smart speaker, the company announced on Wednesday.
Locally assembled Volvo S60 T8 sports sedan launched
KUALA LUMPUR: The new Volvo S60 T8 mid-size sports sedan is now locally assembled and priced at RM295,888 on-the-road, without insurance.
Pelosi sees talks on new US$3tril Covid-19 law
WASHINGTON: U.S. House Speaker Nancy Pelosi said on Sunday there will be negotiations on the new $3 trillion coronavirus relief legislation passed by the Democratic-controlled House of Representatives and that Democrats have "no red lines."
Can the US Govt survive the next disaster?
WASHINGTON: Among the many political shortcomings that the pandemic has laid bare is that the U.S. suffers from constitutional and statutory gaps that make its democracy, and even its basic governing ability, vulnerable in an emergency.
US deficit could quadruple to record US$3.7tril
WASHINGTON: A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record US$3.7 trillion this fiscal year as the country combats the coronavirus pandemic, congressional forecasters said on Friday.
Jump in oil sends global equities higher; bonds slip
NEW YORK: A jump in the price of oil and the promise of more government stimulus to ease the economic pain inflicted by the coronavirus pandemic helped global equity markets surge on Wednesday, prompting investors to edge out of perceived safe-haven assets like U.S. Treasuries.
Coronavirus relief deal for US small businesses by Monday
WASHINGTON: U.S. Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and could seal a deal as early as Monday, President Donald Trump said, despite hopes for a deal on Sunday.
Gold rallies, spread balloons as investors charge into bullion
GOLD surged, with futures leading the way higher to hit the highest level in more than seven years, as investors weighed the widening economic fall-out from the coronavirus pandemic and the prospects of more stimulus in top economies.
Bankers struggle to get loans to small businesses
WASHINGTON: The lifeline to help small businesses weather the coronavirus economic shutdown had a chaotic and often frustrating opening – and it might not be enough.