Business

China invests $47 billion in largest ever chip fund

China has poured more than $47 billion into the country's largest-ever chip investment fund, a business database showed on Monday, as Beijing seeks self-sufficiency in the crucial semiconductor manufacturing sector.

Business

Bitcoin market hits $1.0 trillion in value

The total value of all bitcoin topped $1.0 trillion on Friday, capping a spectacular record-breaking week for the world's most popular cryptocurrency.

Business

Advertising slump during virus crisis hits media jobs

Media redundancies, partial layoffs and managerial wage cuts are on the rise as advertising markets implode, despite customers showing an ever stronger appetite for information on the coronavirus crisis.

Business

Bitcoin goldrush sparks fears of speculative bubble

Bitcoin has enjoyed a record-breaking week after electric carmaker Tesla and Wall Street finance giants sparked a goldrush for the world's most popular virtual currency, but bubble fears persist.

Business

German AI translation start-up DeepL valued at $2 bn

The German translation firm DeepL said Wednesday that it had attracted $300 million of investment in a deal valuing it at $2 billion, as interest surges in generative artificial intelligence tools.

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