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SKF Forms Robotics JV With Leaderdrive in China

By Dominic ChoppingSTOCKHOLM--Swedish ball-bearing maker SKF said it will form a new joint venture with Chinese robotic component manufacturer Leaderdrive.The new venture will develop and produce high-precision transmission components for the moveable joints in humanoid robots."Through this investm…

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SAP Seeks to Rein In Costs to Focus on AI Investments

By Mauro OrruSAP said it would exercise greater discipline when it comes to hiring and travel expenses so it can forge ahead with investments in artificial intelligence, part of efforts from the German business-software group to rein in costs and focus on a technology that is reshaping the industry…

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Bitcoin Extends Gains After Fed's Warsh Dampens Rate Rise Bets — Market Talk

Bitcoin rises to a one-week high as markets scale back expectations for interest-rate rises by the Federal Reserve slightly. The repricing comes after Fed Chair Kevin Warsh said Wednesday that inflation risks had eased. Markets responded to his comments by largely pricing out a July rate hike, thou…

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Crypto
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Bitcoin Extends Gains After Fed's Warsh Dampens Rate Rise Bets — Market Talk

1118 GMT - Bitcoin rises to a one-week high as markets scale back expectations for interest-rate rises by the Federal Reserve slightly. The repricing comes after Fed Chair Kevin Warsh said Wednesday that inflation risks had eased. Markets responded to his comments by largely pricing out a July rate…

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