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Industry

U.S. prosecutors call Huawei a \'criminal enterprise\' as trial focuses on trade secrets, Iran sanctions

U.S. prosecutors told a federal court in Brooklyn that Huawei was a “criminal enterprise,” accusing the Chinese telecoms equipment maker of stealing trade secrets, violating Iran sanctions and committing financial fraud. A Justice Department prosecutor said Huawei extracted technology from U.S. companies over about 20 years and abused the financial system. Huawei rejected the allegations, saying prosecutors are linking separate matters into an organised conspiracy.

AI & Enterprise

AI data centres face power bottleneck, not servers; natural gas and electrical equipment stocks seen benefiting

The key variable in the race to build AI infrastructure is shifting from semiconductors and servers to securing electricity, as AI moves into large-scale operations. As AI data centres expand, the ability to deliver reliable power at the right place and time is becoming critical. Demand for natural gas is expected to rise, but multiple infrastructure steps are needed to turn gas into usable power. Developers also face permitting, grid connections and other bottlenecks.

Finance

Foreign selling of 2.5 trillion won pulls KOSPI down 0.25%, but it holds 7,000

South Korea\'s KOSPI fell on Thursday as foreigners stepped up selling, but it held the 7,000 mark after recovering most intraday losses on buying by institutions and retail investors. The index closed down 0.25% at 7,033.92 after briefly sliding to the 6,900 level. Foreigners were net sellers of 2.49 trillion won, while individuals and institutions were net buyers. The won ended firmer against the dollar and the Kosdaq rose.