Nvidia-backed Reflection AI announced Beam, a new ultra-efficient open model that boasts capabilities on par with those of Chinese ones

More than 670 lenders, a record, shut down last year as Fitch says smaller players remain sector’s weakest part

US allies invest in ‘smart shipyards’ as Beijing’s dominance of industry alarms Washington

Latest tit-for-tat move follows three similar investigations launched by the EU last week

Ukraine’s president says he requested his US counterpart to impose sanctions on companies involved in developing ‘Rassvet’

Which power will prevail? As in the 19th-century struggle between the UK and Russia, the answer may depend on forces beyond either’s control

US coffee giant enters region where Beijing is accused of widespread abuses

It’s the world’s fastest-growing power technology — and Beijing is dominant

World’s biggest sports brand is tailoring its ranges for local tastes to get back on top in a market it pioneered

Beijing offers help for first-time buyers and cuts a policy interest rate as part of efforts to raise growth