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Congress slams govt over AI funding gap, claims summit mismanagement
newsable_asianetnews50d ago

Congress slams govt over AI funding gap, claims summit mismanagement

Congress spokesperson Supriya Shrinate criticized the NDA government's AI policy, citing a huge funding gap compared to the US and alleging major mismanagement at the recent India AI Impact Summit, which she called a show for the Prime Minister.

#TECH
Yotta’s $2 billion Nvidia bet; Skyroot eyes fresh capital
startupnews50d ago

Yotta’s $2 billion Nvidia bet; Skyroot eyes fresh capital

Happy Wednesday! Yotta is shelling out $2 billion to deploy Nvidia’s latest AI chips at its Noida facility. This and more in today’s ETtech Morning Dispatch. Also in the letter:■ Adani’s $100B bet■ Infy chairman on AI■ Exponent Energy’s finance venture Yotta spends $2 billion to deploy top Nvidia chips Yotta Data Services is pumping [...]

#TECH
This TSX Stock Could Pay You While You Wait
fool_ca50d ago

This TSX Stock Could Pay You While You Wait

Tariff-driven volatility can make dips feel brutal, and a monthly payer like Slate Grocery REIT can keep cash flowing while you wait.The post This TSX Stock Could Pay You While You Wait appeared first on The Motley Fool Canada.

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vivo V70 arriving in PH with Pop Mart ZSIGA collab Golden Hour
inquirer50d ago

vivo V70 arriving in PH with Pop Mart ZSIGA collab Golden Hour

vivo officially confirms the arrival of the vivo V70 in the Philippines on February 28, 2026, marking a new chapter for the brand’s V Series with a high-profile collaboration with POP MART and its popular IP, ZSIGA. Headlining the launch is the exclusive Golden Hour colorway, a design inspired by warmth, self-expression, and modern lifestyle [...]...Keep on reading: vivo V70 arriving in PH with Pop Mart ZSIGA collab Golden Hour

#TECH
Youth unemployment improving
ekathimerini50d ago

Youth unemployment improving

Greece used to be at the bottom in Europe in unemployment of young people with 39.5% in 2019, but that rate has dropped to 13%, Prime Minister Kyriakos Mitsotakis said in a video posted online on Tuesday.

#ECONOMY
Foreign cars flow to Russia through China
brecorder50d ago

Foreign cars flow to Russia through China

MOSCOW: Tens of thousands of cars are being exported from China to Russia under gray-market schemes that often circumvent Western and Asian government sanctions and automakers’ commitments to exit the Russian market, according to registration data reviewed by Reuters and interviews with five people involved in the trade.The sanctions and company pledges came in reaction to Russia’s 2022 invasion of Ukraine. But a thriving trade in these vehicles – from Toyotas and Mazdas to German luxury models – continues partly through informal networks enabling Russian dealers to order them through Chinese intermediaries, the interviews and data from Russian research firm Autostat show.Most are made in China - where many international brands build vehicles with local partners - or are shipped through there after being manufactured elsewhere, according to the data and sources. A growing number are zero-mileage “used” vehicles – new cars registered as sold in China by dealers or traders, who then reclassify them as used and export them.The practice, highlighted by Reuters last year, is a symptom of China’s highly subsidized and hypercompetitive car market, allowing automakers and dealers to inflate sales figures, collect subsidies and export surplus vehicles.Traders moving European, Japanese and South Korean brand cars from China to Russia classify new cars as used to eliminate the need to get automaker approval for Russia sales, said Zhang Ai Jun, a former exporter at a Sichuan-based car trader. “This way is to export more easily,” she said. Zero-mileage used cars are often heavily discounted in China. But in Russia, they fetch prices similar to never-registered new cars, according to a Russian dealer and vehicle-shipping documents reviewed by Reuters.Reuters is the first to report the Autostat data, China’s emergence as the primary conduit for foreign vehicles to reach Russia and the practice of avoiding automakers’ Russia-sales restrictions by classifying new cars as used.Dmitry Zazulin, sales director at Moscow dealership Panavto-Zapad, said many customers want to buy and drive cars exclusively from Western brands, such as Mercedes. “However, at present, we can only bring them in through parallel channels,” he said. The dealership doesn’t import zero-mileage used cars, he added.Mercedes-Benz, BMW, Volkswagen and other automakers from regions imposing sanctions said they prohibit sales to Russia and are doing their best to prevent unauthorized exports, including through training and contractual clauses with dealers. But they highlighted the difficulty in investigating potential breaches: Such probes are “time-consuming and complex” and require third parties’ assistance, Mercedes said in a statement.BMW said it has told its China retail operation to “strictly oppose any potential vehicle exports to Russia,” adding that if cars nevertheless enter Russia as gray-market imports, “this happens outside our sphere of influence — and also expressly against our will.”A Russian dealer, who spoke on condition of only being identified by his first name, Vladimir, told Reuters his dealership in Vladivostok doesn’t stock restricted foreign cars but buys them one-by-one from Chinese traders to fill customer orders. “There are lots of middlemen: This one knows that one; that one knows another, and that one can reach the dealer,” he said.

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