Author: Grace Johnson

Shanghai has completed the first phase of the world’s first wind-powered undersea data centre. Situated in the Lin-gang Special Area, the facility runs almost entirely on offshore wind energy. It uses seawater cooling, lowering energy demand for cooling to less than 10%. The project marks a significant step in China’s green infrastructure drive. Placing the data centre underwater reduces land use by over 90% and cuts total energy consumption by nearly 23%. Experts say it could reshape how cities design and power data centres sustainably. The facility combines renewable energy with advanced seawater cooling. Offshore wind turbines provide clean power,…

OpenAI has officially completed its transition into a for-profit company. The change is designed to attract billions in investment and could open the door to a future stock market listing. Microsoft reworks its deep ties with OpenAI As part of the transformation, OpenAI and Microsoft have revised their long-standing partnership. Microsoft now holds a 27% stake in the ChatGPT developer. The updated agreement marks a new phase in a relationship that began in 2019, when OpenAI still operated as a non-profit AI research group. Under the revised deal, Microsoft can now pursue artificial general intelligence (AGI) independently or with other…

Hong Kong home prices continued their upward trend in September 2025, rising by 1.3% compared to August. This marks the sixth consecutive month of growth for the city’s private housing market. The rebound comes after a steep decline of nearly 30% from the peak seen in 2021. Analysts attribute the recovery to improving market sentiment and recent interest rate cuts by leading banks. Homebuyers have shown renewed interest, encouraged by lower borrowing costs and positive signals from developers. This has helped to stabilize property values, which had fallen sharply over the past few years. The price increase was most notable…

Amazon is preparing to lay off tens of thousands of corporate employees in one of its biggest job cuts in years, according to several media reports. The reductions could start as soon as this week. Reports from The Wall Street Journal and Reuters indicate that the company plans to cut up to 30,000 positions. The layoffs are part of a restructuring program led by chief executive Andy Jassy, aimed at reducing expenses and reshaping the company’s priorities. Amazon declined to comment when approached by international news outlets. Largest wave of layoffs since 2022 If confirmed, this would be one of…

Real Madrid delivered a commanding performance at the Bernabéu, defeating Barcelona 2-1 to take a five-point lead at the top of La Liga. Xabi Alonso’s side looked sharp, structured, and confident in his first-ever Clasico as manager. Jude Bellingham finally broke his drought with a goal and an assist after months recovering from shoulder surgery. Kylian Mbappé continued his ruthless form and proved decisive once again. Yet what should have been a perfect night turned tense when Vinicius Jr exploded in anger after being substituted. The Brazilian winger showed his frustration in the 72nd minute when Alonso replaced him. He…

US President Donald Trump has imposed new tariffs on Canadian goods after Ontario aired an anti-tariff advertisement featuring former US President Ronald Reagan. Trump denounced the advert as a “fraud” and accused Canadian officials of refusing to remove it before the World Series baseball championship. “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” he wrote on social media on Saturday. Trade talks collapse amid rising tension Trump’s decision came two days after he withdrew from trade talks with Canada. Ontario…

Xi Jinping has reinforced his leadership by presenting a sweeping economic strategy aimed at revitalizing China’s growth. Speaking at the recent Communist Party plenum, Xi addressed internal concerns and signaled a clear vision for the nation’s future. The plan emphasizes heavy investment in industrial and technological sectors. Officials say these efforts are designed to transform the economy, drive innovation, and improve productivity across multiple industries. Xi stressed that such measures are essential for China to reach a “medium-level developed” income status by 2035. Economists note that Xi’s strategy combines long-term economic planning with political stability. By promoting domestic innovation and…

Beef prices in the United States have climbed to historic highs, turning into a growing political storm. Donald Trump, who once claimed that inflation was “dead,” now faces criticism as beef costs soar and threaten his promise to lower grocery prices for American families. This week, he urged ranchers on social media to cut cattle prices. But his demand — and his administration’s new proposals — have provoked outrage from ranchers who fear his ideas could destroy their profits while barely helping consumers. Decades of decline in the cattle industry The number of US cattle ranchers has been shrinking for…

US President Donald Trump will meet Chinese leader Xi Jinping in South Korea on 30 October. The White House confirmed the meeting, which will take place on the sidelines of a major regional summit. The encounter has been planned for weeks, but rising tensions between Washington and Beijing almost derailed it. It will be the first in-person meeting between the two leaders since Trump’s return to office. Trump has threatened to impose a 100% tariff on Chinese goods in November if Beijing does not relax its export restrictions on rare earth materials. White House finalizes details for summit meeting White…

Tesla achieved its highest-ever quarterly revenue, yet profits fell sharply. Rising tariffs, research costs, and strong competition pressured the company’s earnings despite robust sales. Revenue climbs, profits slide In the quarter ending September, Tesla reported $28 billion (£21 billion) in revenue, a 12% increase from last year. Profit, however, dropped 37% due to higher tariffs and expanding research and development expenses. Investors responded cautiously. Tesla shares fell 3.8% in after-hours trading following the results. Still, the company maintains a market value of around $1.4 trillion, driven by confidence in Elon Musk’s AI and robotics ambitions. Tax credit rush drives US…