The Agriculture Law. Photo: VCG For the first time in 14 years, China is overhauling its foundational Agriculture Law. The revised draft, recently submitted to the 22nd session of the 14th National People’s Congress Standing Committee for its initial review, is currently open for public comment. Enacted in 1993, the Agriculture Law serves as the bedrock legislation for China’s agriculture and rura...
The Agriculture Law. Photo: VCG For the first time in 14 years, China is overhauling its foundational Agriculture Law. The revised draft, recently submitted to the 22nd session of the 14th National People’s Congress Standing Committee for its initial review, is currently open for public comment. Enacted in 1993, the Agriculture Law serves as the bedrock legislation for China’s agriculture and rural economy. It underwent a comprehensive revision in 2002, with minor amendments to individual clauses in 2009 and 2012.
Amazon's head of devices and services, Panos Panay, says that the company is "not necessarily" planning to release a smartphone, but has stopped short of denying it outright. It was previously reported that Amazon is developing an Alexa-enabled AI phone codenamed "Transformer," more than 10 years after it scrapped its ill-fated Fire Phone. Speaking to the Financial Times , Panay was asked directly...
Amazon's head of devices and services, Panos Panay, says that the company is "not necessarily" planning to release a smartphone, but has stopped short of denying it outright. It was previously reported that Amazon is developing an Alexa-enabled AI phone codenamed "Transformer," more than 10 years after it scrapped its ill-fated Fire Phone. Speaking to the Financial Times , Panay was asked directly if the company was planning another smartphone. "It's just not the goal," he replied. "I know there's a lot of rumors out there." "I think your black and white question is, are you going after a phone? A lot of people want me to say no, but a lot … Read the full story at The Verge.
Tencent Holdings Ltd. ’s March-quarter revenue missed estimates, underscoring the urgency around its costly AI pivot while core businesses like games and advertising show signs of age. Revenue for the three months climbed 9% to 196.5 billion yuan ($28.9 billion), less than the average analyst forecast of 199.4 billion yuan. Net income rose to 67.9 billion yuan, versus the 57.8 billion yuan project...
Tencent Holdings Ltd. ’s March-quarter revenue missed estimates, underscoring the urgency around its costly AI pivot while core businesses like games and advertising show signs of age. Revenue for the three months climbed 9% to 196.5 billion yuan ($28.9 billion), less than the average analyst forecast of 199.4 billion yuan. Net income rose to 67.9 billion yuan, versus the 57.8 billion yuan projection. The lukewarm performance could exacerbate investor concerns about how exactly China’s most valuable company will monetize AI. While Tencent has vowed to at least double investments in the field to more than 36 billion yuan this year, it trails peers like ByteDance Ltd. and Alibaba Group Holding Ltd. in terms of both user adoption and advances in developing state-of-the-art large language models. Mirroring their peers in Silicon Valley, Chinese big tech firms are confronting skepticism over the timeline for an AI payoff as ballooning infrastructure costs compress margins. Tencent’s outlay remains among the most conservative of the bunch: Alibaba has pledged a rolling target of more than $50 billion over three years. Taken together, Chinese corporate spending falls drastically short of the hyperscale budgets seen in the US — where the quartet of Amazon.com Inc. , Alphabet Inc. , Meta Platforms Inc. and Microsoft Corp. plans to deploy more than $700 billion this year. Tencent has shed roughly $160 billion — or 23% — of its market value this year, far exceeding the slide by Alibaba, which reports earnings on the same day. Investors in both Chinese internet icons have recently shifted their focus toward pure-play AI model creators like Zhipu and MiniMax Group Inc., whose valuations have multiplied since their stellar market debuts in January. The Shenzhen-based company last month revealed a major upgrade to its foundation model, Hunyuan, or HY — the first high-stakes test after it restructured its AI operations under the stewardship of OpenAI hire Yao Shunyu. The open sourc...
The decision to claim Social Security can be complicated no matter your relationship status. But when you're married, there's often a lot more to consider. One of the biggest mistakes married couples make in the context of Social Security is not coordinating their filing strategies. But treating Social Security as an individual financial decision instead of a joint one could lead you to lose out. ...
The decision to claim Social Security can be complicated no matter your relationship status. But when you're married, there's often a lot more to consider. One of the biggest mistakes married couples make in the context of Social Security is not coordinating their filing strategies. But treating Social Security as an individual financial decision instead of a joint one could lead you to lose out. Image source: Getty Images. Continue reading
Ally of health secretary calls for prime minister to set out timetable for departure ahead of king’s speech • UK politics live – latest updates Wes Streeting has held talks with Keir Starmer in Downing Street as an ally of the health secretary renewed calls for the prime minister to resign, saying his authority had “irretrievably ebbed away”. Streeting arrived in No 10 on Wednesday morning amid in...
Ally of health secretary calls for prime minister to set out timetable for departure ahead of king’s speech • UK politics live – latest updates Wes Streeting has held talks with Keir Starmer in Downing Street as an ally of the health secretary renewed calls for the prime minister to resign, saying his authority had “irretrievably ebbed away”. Streeting arrived in No 10 on Wednesday morning amid intense speculation over Labour’s leadership crisis and his own future within the party . He left approximately 16 minutes later without commenting to the media. Continue reading...
International Energy Agency oil industry and markets head Toril Bosoni discusses the outlook for oil supplies and prices amid the ongoing disruption in the Strait of Hormuz. Inventories are falling around the world at a record pace, the IEA said in its latest monthly report, and will continue to drop for months as the Middle East conflict continues. Bosoni speaks on Bloomberg Television. (Source: ...
International Energy Agency oil industry and markets head Toril Bosoni discusses the outlook for oil supplies and prices amid the ongoing disruption in the Strait of Hormuz. Inventories are falling around the world at a record pace, the IEA said in its latest monthly report, and will continue to drop for months as the Middle East conflict continues. Bosoni speaks on Bloomberg Television. (Source: Bloomberg)