Get the Popular Science daily newsletter💡 Breakthroughs, discoveries, and DIY tips sent six days a week. By signing up, you confirm you are 16+, will receive newsletters and promotional content and agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time. The deep-sea is
China is pumping tens of billions of dollars into eight state-owned banks and insurance companies to help shore up the country’s financial system and boost its slowing economy. The cash injection, which is being led by China’s finance ministry, will total 360 billion yuan ($53.6bn; £39.7bn), state news agency Xinhua said on Sunday. The outlet
Welcome to the first edition of Power Play! From now until the midterms, senior writer Molly Taft will be sharing their thoughts every Sunday on this political season’s hottest issue: data centers. We welcome reader comments, and will be answering questions from the comments section in future editions. Be sure to catch WIRED’s first livestream
The Trump administration announced Friday that it has imposed sanctions on a Turkish financial institution as part of its latest effort to sever “critical financial lifelines” for the Iranian government. The actions against Golden Global Yatirim Bankasi Anonim Sirketi come after Treasury Secretary Scott Bessent last week launched “Operation Economic Outcast,” Washington’s new effort to isolate already heavily
At the same time, Japan’s traditional markets for expansion have become increasingly less attractive, he says. “Investment into China has fallen sharply amid geopolitical tensions and changing economic dynamics, the US market is more challenging because of tariffs and domestic competition, and the market size of other Southeast Asian economies is limited.” Against this backdrop,
Chinese markets are booming with new public stock offerings, energized by the craze for artificial intelligence and other advanced technology and a growing preference to list shares in Hong Kong and Shanghai. In the latest big stock listing, shares in China-founded e-commerce and fast fashion giant Shein are due to debut Tuesday in Hong Kong in a