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By Samuel Shen and Eduardo Baptista SHANGHAI/BEIJING, Aug 19 (Reuters) – Shares in Unitree, China’s best-known humanoid robot maker, soared more than five-fold in their Shanghai trading debut, in a landmark moment for the country’s robotics sector which has become a key battleground in the Sino-U.S. tech war. Unitree, which competes with Tesla and Hyundai Motor Group-owned Boston Dynamics, has drawn global attention for its robots that run, dance and […]

ANKARA, Aug 19 (Reuters) – Turkey firmly rejected on Wednesday what it called “untenable allegations” by Israel regarding its military position in Syria, after Israel bombed a Syrian air base near the Turkish border and said Syria was on the verge of permitting Turkish troops to deploy there. Israel carried out airstrikes against the Abu al-Duhur base near Aleppo on Tuesday, drawing condemnation from Turkey and criticism from a U.S. […]

Aug 19 (Reuters) – Samsung Electronics has raised prices for some advanced contract chipmaking services by up to 15% for new orders, two people familiar with the matter said, as demand for AI chips tightens capacity in a business long dominated by TSMC. Demand from Chinese customers has been particularly strong, but Samsung has been unable to meet all orders because it must serve U.S. customers and reserve part of […]

NAIROBI, Kenya (AP) — Kenya has tripled its long-term target for expanding its renewable energy capacity to meet surging demand and support its industrialization, but that might not result in more affordable power for consumers. The plan calls for renewable power generating capacity of 5,500 megawatts, up from about 1,500 MW now. That would include 2,000 MW of nuclear power alongside 700 MW of hydropower and new geothermal projects. That […]

BEIJING, Aug 19 (Reuters) – China on Wednesday urged respect for each country’s digital sovereignty, after a report the U.S. would ask countries to choose sides in the artificial intelligence race with Beijing. China is opposed to taking sides and forming camps on AI, its foreign ministry spokesperson Lin Jian said at a regular briefing. The U.S. is preparing to tell dozens of countries they must pick sides in the […]

By Qiaoyi Li and Laurie Chen BEIJING, Aug 19 (Reuters) – China’s robot makers showcased their latest machines at a Beijing conference on Wednesday, seeking to convince investors and customers that the technology is moving forward for broader commercial adoption. More than 300 companies are attending the World Robot Conference which runs through Sunday, displaying over 2,000 exhibits and launching more than 150 products, according to Beijing authorities. The conference […]

By Leika Kihara TOKYO, Aug 19 (Reuters) – Japan is running low on options to fight a bond rout that could push debt financing costs above government estimates, leaving Prime Minister Sanae Takaichi’s ambitious spending agenda hostage to forces she can’t control. Analysts say the tools available to calm markets – sporadic cuts to bond issuance or emergency central bank buying – amount to little more than temporary patches for […]

BERLIN, Aug 19 (Reuters) – Munich Re will acquire the U.S.-based cyber insurance provider At-Bay at an enterprise value of $575 million, with the deal expected to close in the first quarter of next year, the German insurance group said Wednesday. (Writing by Miranda MurrayEditing by Ludwig Burger) Brought to you by www.srnnews.com

By Bhagya Ayyavoo NEW DELHI, Aug 19 (Reuters) – For Ukrainian shuttlers Polina Buhrova and Yevheniia Kantemyr, competing at the ongoing World Championships in New Delhi is a way to showcase the resilience of a country battling the invasion by Russia. Lives have been turned upside down since Russia launched its full-scale invasion of Ukraine in 2022 and as for many of her compatriots, the conflict remains an everyday reality for Buhrova. […]