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China foreign exchange reserves rise on weak dollar

Bloomberg The value of China’s foreign-currency holdings edged up in December due to valuation effects and a possible easing of capital outflows due to a stronger yuan. Reserves climbed to $3.1079 trillion from $3.0956 trillion in November,People’s Bank of China said. The reading is slightly lower than median estimate of $3.11 trillion in a Bloomberg survey. “Capital outflow pressures may ...

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Samsung looks beyond AI with artificial humans

Bloomberg Samsung Electronics Co’s experimental research arm has brought to CES 2020 a demonstration of what it calls the world’s first artificial human, a virtual simulation of a human intelligence that learns, converses and sympathizes like a regular person. Each simulated human — which would exist only on screens, not in the real world — would be called NEON, and ...

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HK landlords face tough year amid protests

Bloomberg Landlords in Hong Kong, a city with some of the highest commercial rents in the world, are staring down the barrel of a tough year. Anti-government protests that started in mid-2019 have taken their toll on shop and office owners. Large-scale protests in popular shopping districts and a slump in tourists have made it increasingly difficult for retailers. According ...

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