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Apple Advances in Indonesia: Invests $1 Billion

December 04 2024 | TW News Correspondent

Recent updates reveal significant progress in ongoing discussions between Apple and the Indonesian government. Indonesia’s Investment Minister, Rosan Roeslani, confirmed to local lawmakers that Apple has committed to investing $1 billion in the country, as reported by GSM Arena.

This follows Apple’s earlier proposals of $100 million and $10 million investments and a prior pledge of $10...
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France's LightOn targets secure AI growth in Europe and Middle East

December 03 2024 | TW News Correspondent

LightOn (ALTAI.PA), opens new tab plans to expand in Europe and the Middle East, targeting sectors such as banking, defence and high-tech which require their data to be protected on local servers, the French company's co-CEO Laurent Daudet told Reuters.

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BlackRock to buy HPS Investment for $12 bln in major private credit push

December 03 2024 | TW News Correspondent

BlackRock (BLK.N), opens new tab will buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal, the companies said on Tuesday, as the world's largest asset manager seeks to expand in a red-hot market.

Private credit, or lending to companies by institutions other than banks, has grown rapidly in recent years as stricter regulations made it more e...
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How China could retaliate against new US chip curbs

December 03 2024 | TW News Correspondent

Washington's new curbs on China's semiconductor industry are fanning fears that Beijing could strike back, as trade tensions between the two largest economies intensify.

Chinese authorities have vowed to take action to safeguard the interests of their companies and the country has in recent years amassed a series of tools that analysts say they can use to r...
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Italian watchdog warns publisher GEDI against sharing data with OpenAI

November 30 2024 | TW News Correspondent

Italy's data protection watchdog has warned Italian publisher GEDI not to share its personal data archives with ChatGPT owner OpenAI, it said on Friday, citing concern over...
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Australia's under-16 social media ban sparks anger and relief

November 30 2024 | TW News Correspondent

Australians reacted on Friday with a mixture of anger and relief to a social media ban on children under 16 that the government says is world-leading, but which tech giants like TikTok argue could push young people to "darker corners of the internet".

Australia approved the social media ban for children late on...
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China warns of 'necessary actions' if US escalates chip curbs

November 28 2024 | TW News Correspondent

China warned on Thursday it would take "necessary actions" to protect Chinese firms if the U.S. escalated chip control measures, following reports that the Biden administration could unveil new export restrictions as soon as this week.

Last week, the U.S. Chamber of Commerce informed members in an email that the Biden a...
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Japan's space agency halts Epsilon S rocket engine test after fire

November 28 2024 | TW News Correspondent

Japan's space agency aborted an engine test for the Epsilon S rocket on Tuesday following a fire at the test site, a failure that could push the rocket's debut la...
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Huawei launches Mate 70 smartphone as new US chip curbs loom

November 28 2024 | TW News Correspondent

Chinese tech giant Huawei Technologies unveiled its Mate 70 smartphone series on Tuesday, bolstering its premium smartphone comeback while showcasing its own operating system in a clean break away from U.S. tech...
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