Daily brief
Huawei has launched a new suite of AI-powered network products for telecom operators, including a green website, a proposal for a fully optical network, and next-generation WAN solutions. Separately, the head of Alibaba's Qwen large language model project has departed the company, having previously highlighted a performance gap with models from OpenAI.
Chinese shipping giant Cosco has suspended new shipping bookings for the Gulf region amid a blockade of the Strait of Hormuz, while a Chinese bank has halted a loan for Abu Dhabi as peers cut Middle East risk.
China has set its lowest annual growth target since 1991 and pledged to continue expanding domestic demand and boosting consumption.
Russia's Energy Minister Alexander Novak stated Russia is ready to increase oil supplies to China and India.
A court in Brazil has blocked the transfer of mineral rights in a gold deal between Equinox Gold and China's CMOC.