Shiseido Profits Plummet 73% on Weak China Demand Shiseido, the renowned Japanese owner of popular beauty brands like Nars and Drunk Elephant, has recently been hit hard by a significant drop in profits. The company reported a staggering 73% decrease in its earnings, attributing this sharp decline to weak consumer demand in China. This downturn […]
US considers tighter restrictions on Nvidia AI chip sales to China
US Considers Tighter Restrictions on Nvidia AI Chip Sales to China The ongoing technological race between the United States and China has reached a new level of intensity with the recent discussions surrounding Nvidia’s AI chip sales to China. The concerns about China’s rapid advancements in the field of artificial intelligence have reignited debates on […]
US Commerce Department Tightens AI Chip Exports to Middle East and Central Asia
In a recent move, the US Commerce Department has imposed stricter export regulations on advanced AI chips headed to selected areas in the Middle East and Central Asia. This decision underscores growing apprehensions regarding national security and the possibility of these technologies being repurposed by adversarial nations. Under the new regulations, US firms will now […]