JHVEPhoto/iStock Editorial via Getty Images AMD ( AMD ) announced plans to invest up to £2B over the next five years in the U.K. to support advanced computing, scientific research, and workforce development across the region. Speaking at London Tech Week, AMD chair and CEO Lisa Su outlined a series of investments and strategic collaborations designed to help accelerate the U.K.’s AI ecosystem. “Th...
JHVEPhoto/iStock Editorial via Getty Images AMD ( AMD ) announced plans to invest up to £2B over the next five years in the U.K. to support advanced computing, scientific research, and workforce development across the region. Speaking at London Tech Week, AMD chair and CEO Lisa Su outlined a series of investments and strategic collaborations designed to help accelerate the U.K.’s AI ecosystem. “The United Kingdom has the talent, research excellence and ambition to help lead the next era of AI,” said Dr. Lisa Su, chair and CEO, AMD. “AMD is proud to deepen our commitment to the UK and work with partners across government, academia and industry to expand access to the compute infrastructure needed to advance sovereign AI, accelerate discovery and drive long-term economic growth.” As part of the initiative, AMD will collaborate with Imperial College London to advance computational science and support research projects that require large-scale computing resources, including healthcare innovation and climate modeling. AMD is also partnering with Oriole Networks on the U.K. Advanced Research and Invention Agency's (ARIA) Scaling Inference Lab, a national program focused on overcoming AI infrastructure bottlenecks. The project will combine Oriole's PRISM photonic networking technology with AMD Instinct GPUs and EPYC processors to explore more efficient ways to scale AI inference workloads while reducing latency and energy consumption. In addition, AMD and Dell Technologies ( DELL ) are working with the University of Cambridge to expand the U.K.'s national AI infrastructure, including the Zenith AI supercomputer and the Sunrise fusion AI system, which is being developed in collaboration with the United Kingdom Atomic Energy Authority. More on AMD AMD: Now Sitting On The Wrong Side Of The Semiconductor Narrative (Hold) Sell AMD: Circular Financing Through Warrants AMD: The Case Has Changed, Time To Be Bullish (Rating Upgrade) Nasdaq-100 falls more than 4% as Arm, AMD, and Mi...
JHVEPhoto/iStock Editorial via Getty Images AMD ( AMD ) announced plans to invest up to £2B over the next five years in the U.K. to support advanced computing, scientific research, and workforce development across the region. Speaking at London Tech Week, AMD chair and CEO Lisa Su outlined a series of investments and strategic collaborations designed to help accelerate the U.K.’s AI ecosystem. “Th...
JHVEPhoto/iStock Editorial via Getty Images AMD ( AMD ) announced plans to invest up to £2B over the next five years in the U.K. to support advanced computing, scientific research, and workforce development across the region. Speaking at London Tech Week, AMD chair and CEO Lisa Su outlined a series of investments and strategic collaborations designed to help accelerate the U.K.’s AI ecosystem. “The United Kingdom has the talent, research excellence and ambition to help lead the next era of AI,” said Dr. Lisa Su, chair and CEO, AMD. “AMD is proud to deepen our commitment to the UK and work with partners across government, academia and industry to expand access to the compute infrastructure needed to advance sovereign AI, accelerate discovery and drive long-term economic growth.” As part of the initiative, AMD will collaborate with Imperial College London to advance computational science and support research projects that require large-scale computing resources, including healthcare innovation and climate modeling. AMD is also partnering with Oriole Networks on the U.K. Advanced Research and Invention Agency's (ARIA) Scaling Inference Lab, a national program focused on overcoming AI infrastructure bottlenecks. The project will combine Oriole's PRISM photonic networking technology with AMD Instinct GPUs and EPYC processors to explore more efficient ways to scale AI inference workloads while reducing latency and energy consumption. In addition, AMD and Dell Technologies ( DELL ) are working with the University of Cambridge to expand the U.K.'s national AI infrastructure, including the Zenith AI supercomputer and the Sunrise fusion AI system, which is being developed in collaboration with the United Kingdom Atomic Energy Authority. More on AMD AMD: Now Sitting On The Wrong Side Of The Semiconductor Narrative (Hold) Sell AMD: Circular Financing Through Warrants AMD: The Case Has Changed, Time To Be Bullish (Rating Upgrade) Nasdaq-100 falls more than 4% as Arm, AMD, and Mi...
African migrants say legal status offers little protection as rallies against illegal immigration gain momentum African migrants in South Africa say they are living in fear after a series of marches calling for illegal immigrants to leave reignited long-held xenophobic sentiment in the country. March & March, a campaign group at the forefront of recent protests, has given people living illegally i...
African migrants say legal status offers little protection as rallies against illegal immigration gain momentum African migrants in South Africa say they are living in fear after a series of marches calling for illegal immigrants to leave reignited long-held xenophobic sentiment in the country. March & March, a campaign group at the forefront of recent protests, has given people living illegally in the country until 30 June to leave, without specifying what will happen to those who do not. Continue reading...
Asset manager Schroders is buying Italian government bonds, arguing the country has already weathered the budget and political turmoil now rattling investors in other European nations and the US. Dorian Carrell , head of multi-asset income at the £814 billion ($1 trillion) investment firm, has built a “significantly overweight” position in Italian debt in recent weeks, adding 10-year bonds at the ...
Asset manager Schroders is buying Italian government bonds, arguing the country has already weathered the budget and political turmoil now rattling investors in other European nations and the US. Dorian Carrell , head of multi-asset income at the £814 billion ($1 trillion) investment firm, has built a “significantly overweight” position in Italian debt in recent weeks, adding 10-year bonds at the expense of Treasuries as well as government debt from the biggest European economies, including Germany. His rationale is that Italy, once synonymous with fiscal blowouts and near-constant political upheaval, has become more stable under Prime Minister Giorgia Meloni , while its peers, historically seen as safer, have become less so. Meloni’s government has kept deficits in check, and polls suggest it could remain in power after next year’s general election . That’s helped compress the country’s 10-year bond premium over benchmark German Bunds to just 77 basis points, versus roughly 250 basis points in 2022, when Meloni’s right-wing government took office. The spread for Italian bonds, or BTPs, has continued to tighten even after the Iran war started, narrowing about 20 basis points in the past three months. Carrell sees that premium as “reasonable” on a relative basis, given the political and economic risks elsewhere. In Germany, support for Chancellor Friedrich Merz is plummeting amid weak economic growth, industrial decline and energy-supply challenges. In France, meanwhile, next year’s election is expected to see further gains by far-right parties. “Italy actually looks quite good,” he said. “We are more worried about France and Germany politically.” Investors’ fears for Italy under a Meloni government have largely failed to materialize, so “you don’t need too much for spread in our view for BTPs over bunds,” Carrell added. Read: One-Time Bond Pariahs Go Neck and Neck With Germany, France Carrell is also underweight Treasuries, given the expanding US fiscal deficit and ...
Hong Kong will expand a travel scheme that allows mainland Chinese motorists to enter the city for leisure, opening it to drivers from five more Greater Bay Area cities and doubling the daily quota for urban trips. Authorities said on Monday that the Southbound Travel Scheme for Guangdong Vehicles would be extended to all nine mainland cities under the Greater Bay Area scheme, up from the current ...
Hong Kong will expand a travel scheme that allows mainland Chinese motorists to enter the city for leisure, opening it to drivers from five more Greater Bay Area cities and doubling the daily quota for urban trips. Authorities said on Monday that the Southbound Travel Scheme for Guangdong Vehicles would be extended to all nine mainland cities under the Greater Bay Area scheme, up from the current four, while the daily quota for urban trips would be doubled to 200 from July 25 from 100 at...
Photo: IC Photo (London) — About 16,000 Chinese victims of a multibillion-dollar investment fraud have registered in the U.K. to seek a share of roughly 60,000 bitcoins seized by British authorities, according to a Friday hearing at the U.K. High Court. These bitcoins are currently worth about $3.8 billion. The registration window closed on May 22, leaving 16,000 claimants in the U.K. civil recove...
Photo: IC Photo (London) — About 16,000 Chinese victims of a multibillion-dollar investment fraud have registered in the U.K. to seek a share of roughly 60,000 bitcoins seized by British authorities, according to a Friday hearing at the U.K. High Court. These bitcoins are currently worth about $3.8 billion. The registration window closed on May 22, leaving 16,000 claimants in the U.K. civil recovery process under the Proceeds of Crime Act. The act allows claimants to assert ownership over seized assets.
Tiffany & Co. has reopened its stores in Indonesia, following a temporary closure by customs authorities over alleged import violations, CNN Indonesia reported on Monday, citing Finance Minister Purbaya Yudhi Sadewa . Purbaya visited the luxury jeweler’s boutique at Plaza Indonesia in Central Jakarta to personally oversee the removal of the customs seal, he was cited as saying. All Tiffany & Co. o...
Tiffany & Co. has reopened its stores in Indonesia, following a temporary closure by customs authorities over alleged import violations, CNN Indonesia reported on Monday, citing Finance Minister Purbaya Yudhi Sadewa . Purbaya visited the luxury jeweler’s boutique at Plaza Indonesia in Central Jakarta to personally oversee the removal of the customs seal, he was cited as saying. All Tiffany & Co. outlets previously closed by the authorities have now resumed normal operations. The reopening comes after Customs and Excise Director General Djaka Budi Utama said Friday that authorities had completed an audit and issued a 97.49 billion rupiah ($5.4 million) tax and penalty bill against the company. The customs agency originally sealed three Tiffany stores in the Indonesian capital in February over suspected under-invoicing and undeclared luxury shipments. The enforcement is part of a broader crackdown on high-value smuggling under President Prabowo Subianto ’s administration. LVMH Moët Hennessy Louis Vuitton , the parent company of Tiffany & Co., didn’t immediately respond to an emailed request for comment.