LOS ANGELES — American electric vehicle (EV) maker Nikola Corporation announced on Wednesday that the company has filed for bankruptcy protection. The EV auto startup, based in Phoenix, the capital of the southwestern US state of Arizona, said in a statement that “the company and certain of its subsidiaries have filed voluntary petitions under Chapter…
NEW YORK — Microsoft said on Wednesday that it has created a new state of matter in its quest to make a powerful machine, called a quantum computer, that could accelerate the development of everything from batteries to medicines to artificial intelligence. Microsoft’s scientists said they had built what is known as a “topological qubit”…
The skyline of Beijing. [Photo/VCG] China will expand pilot programs in key sectors, including telecommunications, healthcare and education, to further open up its economy and attract global capital, according to an action plan unveiled on Wednesday for stabilizing foreign investment in 2025. Approved and released by the State Council, China’s Cabinet, the plan aims to…
CNOOC booth at an expo held in Shanghai on Dec 6, 2024. [Photo/VCG] CNOOC Limited announced on Monday that its Buzios7 project, located in the Santos Basin off the southeast coast of Brazil, has safely commenced production. With a water depth of 1,900 to 2,200 meters, the Buzios oilfield is the largest deep-water pre-salt oilfield…
A farmer shows newly-dug yam seedlings at Tianrun Seed and Breeding Integrated High-efficiency Industrial Park in Juancheng county, Shandong province, on Feb 19. [Photo provided to chinadaily.com.cn] As temperatures gradually rise after the Beginning of Spring in China’s lunar calendar, a bustling scene unfolds at a yam seedling base in Juancheng county, Shandong province, on…
Macao’s MPay becomes one of the first three international e-wallets supporting the Huawei watch, starting Feb 18. [Photo provided to chinadaily.com.cn] A senior business executive in Macao special administrative region said the first launch of a wearable payment solution in Macao not only enhances payment convenience for users but also injects fresh energy into its…
Chinese e-commerce giant JD has announced that, starting March 1, it will provide full-time food delivery riders with comprehensive social insurance and housing funds, while part-time riders will receive accident and health insurance. The move makes JD the first platform in China to offer such extensive insurance coverage for delivery personnel, underscoring its commitment to…
As gold prices rally, driven by market volatility and central bank purchases, younger Chinese consumers are finding a new way to get in on the action — through the purchase of trendy and low-cost gold phone stickers. These lightweight accessories, ranging from 0.01 to 0.2 grams in weight and priced anywhere from 40 yuan ($5.5)…
Alibaba Cloud, the cloud computing arm of Chinese tech giant Alibaba Group, announced the launch of its first data center in Mexico on Wednesday, as the company aims to expand its reach in the global cloud market. The new digital infrastructure will provide cloud computing services to businesses and developers across Latin America, underscoring Alibaba…
On China’s Spring Festival Gala, a group of humanoid robots dressed in floral cotton jackets performed a traditional yangge dance, which quickly went viral online. Six months ago, our reporter visited the company’s R&D site, where the robots competed in square dancing with the aunties. Apart from dancing, what else can humanoid robots do? Watch…