China, North Korea open long-delayed trade bridge
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05:19 min
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China and North Korea formally opened the Yalu River Bridge on Thursday, connecting Dandong in China with Sinuiju in North Korea. Beijing says the bridge will promote economic and trade cooperation.
Meanwhile, AI firm Anthropic told prospective investors that its third-quarter revenue rose 45 percent from the previous quarter to $16.8 billion. The figures were disclosed at an investor briefing in San Francisco as the company prepares for a potential stock market listing. The update comes as markets scrutinise the enormous spending behind AI infrastructure. Anthropic has not yet publicly commented on the reported figures.
Also in this business roundup, Uganda's central bank raised its benchmark interest rate to 12 percent as higher global oil prices and a weaker shilling stoke inflation. The landlocked country imports all of its oil, making transport and energy costs especially sensitive to global crude prices.
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