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China Rejects EU Sanctions on Its Companies Over Russia Ties

Key Points: China strongly opposed the European Union's addition of Chinese companies to its 20th round of sanctions against Russia. The new EU package targets third-country suppliers accused of sending high-tech components and dual-use goods to the Russian military. China warned that these penalties damage mutual trust and promised to protect its businesses from the restrictions. The latest European sanctions also feature a €90 billion...

Nvidia Reclaims $5 Trillion Market Cap as Chip Stocks Soar

Key Points: Nvidia added over $200 billion in value on Friday, pushing its total market cap past $5.12 trillion. The company now holds a massive $1 trillion lead over Alphabet, the second-largest company in the market. The Philadelphia Semiconductor Index hit an historic 18-day winning streak thanks to massive tech sector gains. Intel broke its old dot-com bubble record high after reporting strong earnings. Nvidia...

Central Asian Nations Unite for Giant 2,000 MW Hydropower Project

Key Points: Kazakhstan, Kyrgyzstan, and Uzbekistan will build a 1,880 megawatt hydropower plant on the Naryn River to power 1.5 million homes. Kazakhstan plans to spend $645 million on a new 500-megawatt wind farm and to build three nuclear power plants. Tajikistan generates 98% of its electricity from renewable sources and wants to become a fully green nation by 2037. Uzbekistan aims to cut its...