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China-Peru trade agreement expands rules covering e-commerce

China's upgraded free-trade agreement with Peru took effect Sunday, according to the Ministry of Commerce in Beijing. The agreement expands rules covering e-commerce and global supply chains, alongside provisions addressing competition policy and the environment.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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AI Capital
AI Capital

Lumaril raises $66 million for industrial AI software

Lumaril raised a $66 million Series A at a $400 million valuation, The Wall Street Journal reported. The company develops AI software that connects to manufacturers' existing control systems to optimize industrial production on factory floors.

Security
Security

Binance plans phased withdrawal restart after hack

Binance says it plans to resume withdrawals in phases starting Sunday after covering 95% of the $6.3 billion in tokens stolen in a hack, Reuters reports. The stolen tokens included BTC and ETH. The planned restart would restore withdrawal access in stages.

Products Policy
Products Policy

Binance seeks licensed return to Malaysia through regulatory talks

Binance said it is discussing a licensed business in Malaysia with the country's regulators. The cryptocurrency exchange is seeking a route back into a market where authorities have blocked its website and applications. The discussions concern access through a licensed operation.

AI Infrastructure
AI Infrastructure

Five technology giants commit more than $3T to future spending

Alphabet, Meta, Microsoft, Amazon and Oracle have committed more than $3T to future spending on data centres, leases, equipment and energy, The Next Web reported, citing Bloomberg. Alphabet accounts for more than $1T and Meta for more than $800B.

Products AI
Products AI

Salesforce's Rune acquisition agreement reportedly worth $375 million

Salesforce's agreement to acquire military logistics software developer Rune Technologies is worth $375 million in cash and stock, Resilience Media reported. Rune builds AI software that helps the US military predict supply needs and manage logistics in the field.