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Added on the 05/06/2015 11:00:00 - Copyright : Reuters EN
A Chinese software engineer was arrested Wednesday for stealing artificial intelligence technology from Google while secretly working for two Chinese companies, US Attorney General Merrick Garland says, while speaking at an event for white collar crimes, in San Francisco. SOUNDBITE
San Francisco, Mar 29 (EFE).- The exodus of technology companies from California, which has been accelerated by the coronavirus pandemic, is significantly benefiting Texas and the US-Mexico border zone as a tech "hub" is being established there that takes advantage of the region's bilingual and bicultural characteristics.(CAMERA: Marc Arcas)STATEMENTS FROM OMAR SAUCEDO, SPOKESMAN FOR THE BRIDGE ACCELERATOR:"We have the participation of Mexican companies that are interested in connecting with the United States and vice versa, American companies interested in the Mexican market. We call that binational participation. We also have companies that are present in both countries, companies that began in the US and are known in Mexico or vice versa. The border between Texas and Juarez, Mexico has a unique population. The border divides us but if you look at a map you can see that there is no natural division, so there is an immediate social and business coexistence."
Jack Ma's Chinese online marketplace Alibaba surged as much as 7% in Wednesday trades. According to Business Insider, the bump came on the news that Americans wouldn't be banned from investing in the e-commerce behemoth. Alibaba, Baidu, and Tencent were among a number of Chinese-based companies being eyed by the US Defense Department. The DOD has a list of firms that it believes support China's military, intelligence, and security services. Chinese telecom stocks like China Mobile had been added to the Defense Department list, and trading in the US-listed stock shuttered on Monday.
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.