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U.S. blacklists over 50 Chinese companies in bid to curb Beijing’s AI, chip capabilities newsthirst.

William_potter | Istock | Getty Images The U.S. on Tuesday added dozens of Chinese tech companies to its export blacklist in its first such effort under the Donald Trump administration, as it doubles down on curtailing Beijing’s artificial intelligence and advanced computing capabilities. The U.S. Department of Commerce’s Bureau of Industry and Security added 80…

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Germany’s finance minister slams UniCredit’s ‘very aggressive’ bid for Commerzbank newsthirst.

Italian lender UniCredit‘s “very aggressive, very opaque” bid for Commerzbank has been criticized by Germany’s Finance Minister Jörg Kukies, who stressed that hostile takeovers don’t usually work. “In the government, we need to protect the safety and stability of a systemic banking sector,” Kukies told CNBC Thursday at the World Economic Forum in Davos. “Hostile takeovers…

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Car giants struggle to find answers in bid to avoid mega fines newsthirst.

Various Mercedes-Benz vehicles are assembled in the “Factory 56” production hall. Picture Alliance | Picture Alliance | Getty Images Car manufacturers have a number of ways to mitigate the impact of the European Union’s stricter emissions targets, although analysts say all options are likely to come at a significant cost. The prospect of steep fines for failing…

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