Chinese missiles and robots find warm welcome in EU's backyard Chinese leader Xi Jinping shakes hands with Serbian President Aleksandar Vucic at the Palace of Serbia during the Chinese president's two-day state visit to Belgrade in May 2024. If the European Union has a red line in Serbia's relationship to China, President Aleksandar Vucic may be getting close. The Balkan nation, the only European buyer of advanced Chinese weaponry west of Belarus, upgraded its arsenal this year to include supersonic missiles from China. Next may be fighter jets, a possible discussion topic when Vucic visits China next week. A Beijing bridgehead at the border of the EU has deepened doubts about the prospect of Belgrade joining the bloc and the limits of Vucic's strategy of juggling ties to the West, China and Russia.

Ukrainian mid-range strikes deal double blow to Russia's war effort KYIV/LONDON - From burning oil refineries to a stalling ground offensive, Russia is suffering problems in its war against Ukraine that partly stem from a growing Ukrainian military strength: the use of medium-range drone attacks. By targeting Russian air defenses and logistics dozens of kilometers behind front lines, Ukraine is disrupting Russia's battlefield advances and opening the way for long-range strikes on Russian oil and military facilities, said two Ukrainian commanders, two drone specialists and three military analysts. Ukrainian officials say more resources have in recent months been poured into "middle strikes," typically ranging between 30 kilometers and 180 km behind front lines. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.

U.S. seeking transfer of intellectual property rights in drone deal, Kyiv says Through a combination of new technology and tactics, Kyiv's forces have been able to strike deep into Russian territory, to slow and in some cases even reverse battlefield gains by Moscow's bigger army and inflict significant damage on oil facilities that help finance the Kremlin's war machine. Kyiv has said that the U.S. is seeking the transfer of technology and access to intellectual property rights from Ukraine as part of a drone deal that is awaiting approval at the highest political level, a person familiar with the matter has said. The U.S. Department of Defense has asked to test a range of Ukrainian defense products, including drones and electronic warfare systems, as Washington is considering their potential purchase for military use, the official said. The agreement has not been finalized, the person added, speaking on condition of anonymity because the discussions are private. Growing interest from the U.S. shows how the world's largest military is looking to tap into the drone expertise Ukraine has acquired over four years fighting against the Russian invasion.

Nintendo shares climbed as much as 6.8% in Tokyo Tuesday to mark a third straight day of gains -- their longest winning streak since mid-March. Embattled Switch 2 maker Nintendo enjoyed its biggest stock gain in two months on Tuesday as concerns about overvaluation in the AI sector sent investors on the hunt for bargains elsewhere. Nintendo shares climbed as much as 6.8% in Tokyo to mark a third straight day of gains -- their longest winning streak since mid-March. The advance is part of a broad rally in Japanese video game stocks that saw Bandai Namco Holdings and Konami Group rise more than 9% on Tuesday. The revival in Japanese gaming shares comes after months of headwinds brought on by a memory chips supply crunch and worries it will hit hardware sales.

Elon Musk loses case against Sam Altman over OpenAI's overhaul Elon Musk arrives at the Ronald V. Dellums Federal Building for court in Oakland, California on April 30. A jury rejected Elon Musk's claims that OpenAI under Sam Altman's leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. The verdict reached Monday in federal court in Oakland, California, follows a trial over the bitter feud between the entrepreneurs who worked together to launch the startup in 2015. OpenAI has since evolved into one of the world's most valuable and powerful artificial intelligence companies. "I think there is a substantial amount of evidence to support the jury's findings," U.S. District Judge Yvonne Gonzalez Rogers said when she accepted the nine-member jury's unanimous conclusion after about two hours of deliberations.

Pope Leo XIV holds the weekly general audience in St. Peter's Square at the Vatican on May 13. | REUTERS VATICAN CITY - Pope Leo will address the rise of artificial intelligence in his first in-depth text outlining his concerns, the Vatican said on Monday, adding that it would be unveiled on May 25 by the pontiff himself. The document, known as an encyclical, is likely to decry the use of AI in warfare and address how the technology is challenging workers' rights, according to sources. It will be titled "Magnifica Humanitas" (Magnificent Humanity) and was formally signed by the pope on Friday ahead of publication, a Vatican statement said. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.

ANA President and CEO Koji Shibata speaks during a news conference in Tokyo on April 30. Many major Japanese companies, namely electronics makers, enjoyed rosy earnings in the year ended in March thanks to significant artificial intelligence-linked investment worldwide, but they are looking ahead with caution amid high costs for fuel and materials spurred by the war in Iran. Chipmaker Kioxia saw its group net profit double from the previous year to an all-time high of ¥554.4 billion ($3.48 billion). President and CEO Hiroo Ota described the financial performance as a "historic feat." Kioxia benefited from rising demand for memory chips amid a rush to build more data centers due to the growing use of AI.

Japan's startup story is just beginning, venture capitalist says Japan's startup moment may soon arrive given significant government support, the rise of corporate venture capital and a changing mindset about internationalization, according to Anis Uzzaman, founder and CEO of Pegasus Tech Ventures. "Overall, I would say Japan is now at a turning point," Uzzaman said. San Jose, California's Pegasus Tech Ventures has invested in a number of major U.S. tech companies, including SpaceX, Airbnb and Robinhood, and also in major artificial intelligence companies, such as OpenAI and Anthropic. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.

Thailand risks losing ground to regional rivals such as Vietnam and Indonesia, which have moved more aggressively to streamline regulatory regimes and court foreign capital. Thai Prime Minister Anutin Charnvirakul's government plans a sweeping reform of more than 7,000 business regulations, aiming to cut bureaucratic hurdles and accelerate investment as it tries to compete for global capital. The planned rollback of ministerial rules and secondary regulations, many of which have accumulated into a significant burden on companies, marks a concerted push to reposition Thailand as a more competitive destination for multinational firms reconfiguring supply chains. The effort was detailed in a government statement Monday and comes as Thailand risks losing ground to regional rivals such as Vietnam and Indonesia, which have moved more aggressively to streamline regulatory regimes and court foreign capital. "Regulations intended to guide have, in practice, become costs," said government spokeswoman Rachada Dhnadirek.

The building that houses Recruit Holdings' headquarters in Tokyo. Investors have shown confidence in Recruit's HR Technology unit, where Indeed is leveraging AI to improve matching and raising average revenue from each job posting even as hiring demand remains soft. Recruit Holdings shares climbed the most on record after the Japanese owner of Indeed.com The stock jumped as much as 19%, its biggest intraday increase since the company went public in 2014, even as the Topix index fell, after issuing an outlook for ¥787 billion ($5 billion) in operating profit on ¥4 trillion in sales for the fiscal year to March 2027. That exceeds analysts' average projection for ¥723 billion and ¥3.9 trillion, respectively.