Author: Editor-In-Chief

Huawei Semiconductor President He Dingbo speaks at an industry conference in Shanghai on May 25, 2026.huaweiSHANGHAI – Chinese tech giant Huawei on Monday touted a new approach to developing advanced semiconductors despite U.S. sanctions. Nvidia The company is struggling to sell high-end chips in China.Huawei announced that it has developed a new engineering approach called “LogicFolding” to manufacture chips for Kirin smartphones this fall.The breakthrough comes as follows Nvidia Facing U.S. export restrictions in China; apple It is fighting new competition from Huawei in the world’s second-largest consumer economy.Huawei’s Mate 60 smartphone, launched in 2023, featured 5G connectivity with an…

NEW YORK, NY – SEPTEMBER 22: General David H. Petraeus, U.S. Army Veteran, speaks on stage at the 2025 Concordia Annual Summit held at the Sheraton New York Times Square on September 22, 2025 in New York City. (Concordia Annual Summit Photo Credit: Riccardo Savi/Getty Images)Riccardo Savy | Getty Images Entertainment | Getty ImagesFormer CIA Director David Petraeus says Iran appears to be “blinking” across the Strait of Hormuz. Petraeus, chairman of KKR Global Research Institute, told CNBC’s Lisa Kim at the UBS Asia Investment Conference that if the first peace deal with Iran is successful, the strait will be…

Pope Leo These include protecting the “greatness of humanity” that stands out amidst rapidly changing technology and subjecting the use of AI in warfare to “the strictest ethical constraints.” Although the encyclical focuses on AI, it also touches on the crises facing humanity beyond technological issues. Pope Leo said the doctrine of “just war” – the four Christian doctrines that define what circumstances justify war – is “now obsolete” and that military force can only be used “for self-defense in the strictest sense.” He added that a “litmus test” for social justice is the treatment of immigrants and refugees, and…

share in delivery hero Its U.S. rival rose more than 10% on Monday morning after the Financial Times report. Uber Considered improvements to the bid for a German food delivery company. Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of 33 euros (approximately $38.29) per share, which would give the company a market capitalization of more than 10 billion euros. The German company added: “We remain fully focused on carrying out the strategic review process and further updates will be provided as necessary or appropriate.”delivery hero The stock opened 10.5% higher.The…

On January 26, 2024, the SK Hynix flag (R) and the Korean national flag (L) fly outside the Bundang office in Seongnam City. Jung Young Jae | AFP | Getty ImagesLONDON — Outsized returns in memory stocks have contributed to strong gains in U.S. and South Korean stock markets in recent years, but market watchers warn investors are forgetting market cyclicality at their own peril. The memory industry has been experiencing a period of sustained growth since the launch of ChatGPT in December 2022. This has led to a huge demand for high-bandwidth memory (HBM).samsung and SK Hynix is one…

As momentum appears to be building for a peace deal between the United States and Iran, hopes are also rising that the serious economic impact of the conflict will be alleviated. Much uncertainty remains about the exact status of negotiations and the specific terms of any agreement, including around the Strait of Hormuz, a critical waterway through which much of the world’s oil supplies pass. But if this is really, really the end of the war and the Straits are about to reopen, what happens next? When will prices return to pre-war levels? It’s not possible right away. First, it’s…

A housewife buying vegetables at a wet market in Singapore (R)Roslan Rahman | AFP | Getty ImagesSingapore said on Monday that consumer prices rose 1.8% in April, weaker than expected, due to weaker increases in services and retail inflation. Economists polled by Reuters had expected headline inflation to be 2%. Core inflation, which excludes private transport and accommodation prices, came in at 1.4%, compared to the expected 1.7%.However, the Monetary Authority of Singapore said the city-state’s import cost pressures are expected to further accelerate and widen in the coming months.”Increased energy and other input costs resulting from developments in the…

A cracking tower stands beside the access road to the Ruwais Refinery and Petrochemical Complex operated by Abu Dhabi National Oil Company (ADNOC) in Al Ruwais, United Arab Emirates.Bloomberg | Bloomberg | Getty ImagesGeoff Currie, Carlyle’s chief strategy officer for energy pathways, said on Monday that Asian oil markets were nearing minimum utilization levels, with Europe next in line and the U.S. potentially facing supply shortages by July, underscoring the global energy shock from the Iran war.Currie warned that key global inventory figures could be misleading because much of the oil stored around the world cannot be used immediately. Most…

TokyoReuters — Toshifumi Suzuki, the founder of 7-Eleven Japan and widely considered the father of Japan’s convenience store industry, died of heart failure on May 18, Seven & i Holdings announced on Monday. He was 93 years old. Born in Nagano Prefecture in 1932, Mr. Suzuki worked at a book wholesaler before joining the retailer Ito-Yokado in 1963. Ignoring the skepticism at the time, Suzuki partnered with American 7-Eleven operator Southland to launch 7-Eleven Japan in 1973, opening its first store in Tokyo the following year. He pioneered the use of data to adjust inventory, built a business model around…

This illustration taken on March 23, 2026 shows the flags of the United States and Iran.Dado Ruvik | ReutersHello, my name is Hui Jie from Singapore. Welcome to another edition of CNBC’s Daily Open.US President Donald Trump sent mixed signals over the weekend about a potential deal with Iran, calling talks “constructive” but also posting images of US forces attacking Iranian ships.President Trump said the United States would not rush into a deal at a time when energy reserves are at risk of reaching the “red zone” this summer and Gulf states’ AI ambitions are stalled as the conflict drags…