Russia budget deficit reaches 2025 target level of 1.7% GDP in first half of year
Russia's budget deficit reached 3.69 trillion roubles ($46.89 billion), or 1.7% of gross domestic product (GDP), in the first half of the year, the sa...
Chinese companies are rapidly adopting DeepSeek’s latest AI model to improve productivity and services after its impressive debut earlier this year. The artificial intelligence model is being integrated into tech, telecom, finance, healthcare, and energy sectors.
DeepSeek has rapidly gained global attention with the release of its AI model, DeepSeek-R1—praised for its strong performance, cost-effectiveness, and open-source advantages. Major Chinese tech and telecom firms are embedding it into platforms, from social media to cloud services. But its reach is extending further—revolutionizing industries like energy, manufacturing, finance, and healthcare.
One sector already seeing major benefits is energy, where China’s National Oil and Gas Pipeline Network Group, PipeChina, has integrated DeepSeek to optimize operations, enhance pipeline safety, and improve energy transmission accuracy. According to Xu Kun, deputy general manager of a PipeChina subsidiary, AI has already produced tangible results. "The time it takes to generate production plans at the oil and gas control center has been reduced from four hours to just minutes, with a 10-percent improvement in accuracy," he said. AI has also accelerated the simulation of gas storage space in salt caverns—from several days to just one hour.
The manufacturing sector is also embracing the AI breakthrough. Telecom giant ZTE has embedded DeepSeek into its smartphones, allowing users to access multiple AI functions within a single interface. Ni Fei, president of ZTE’s Terminal Business Unit, explained, "By integrating DeepSeek, we have developed a function akin to a 'multi-expert system', where each AI expert is responsible for a specific task. Users can access various AI functionalities without having to switch between multiple apps."
In healthcare, hospitals are using DeepSeek to generate diagnostic opinions in seconds, while pharmaceutical companies are leveraging the AI model to accelerate drug development.
The financial sector is also tapping into its potential—using it for market forecasting, risk assessment, and fraud detection, ensuring a more secure investment environment.
Meanwhile, cities like Shenzhen and Guangzhou are incorporating DeepSeek into their government systems, improving data management and public services.
Experts say AI is at the heart of a new technological revolution—and China is integrating it at full speed.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Former UK Prime Minister Rishi Sunak is returning to Goldman Sachs as a senior adviser, the investment bank said on Tuesday.
Russia's budget deficit reached 3.69 trillion roubles ($46.89 billion), or 1.7% of gross domestic product (GDP), in the first half of the year, the same as expected for the full year, the finance ministry said.
Norway has listed two Russian fishing companies, Norebo JSC and Murman Seafood, in line with European Union sanctions adopted on 20th May. The Norwegian government stated that the decision supports the country’s broader security policy objectives.
US President Donald Trump has declared a 25% tariff on imports from Japan and South Korea starting August 1, urging both nations to shift production to the US and warning of further tariff hikes if retaliatory measures are taken.
Tesla shares fell sharply after Elon Musk announced a new political party, intensifying his feud with Donald Trump over a controversial spending bill passed by Congress.
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