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Fri, May

China has long pushed the development of top-end semiconductors as a key strategic objective.

Now, as a trade war with the United States looms, a government decision to accelerate the development of the domestic chip industry underlines how far those goals have fallen short.

Senior Chinese officials are increasingly concerned about stalling efforts to improve domestic chip design, seen as critical after a series of failed outbound deals, according to two industry insiders familiar with the matter.

Closing the quality gap with U.S. chipmakers has become a matter of urgency in Beijing.

The National Transportation Safety Board is finishing up its initial examination into the deadly Southwest Airlines engine failure Thursday but many questions remain unanswered.

Investigators can't explain with certainty why the left engine of Southwest Airlines Flight 1380 malfunctioned when the plane was reaching over 32,000 feet. It's too soon to determine what happened, said National Transportation Safety Board Chairman Robert Sumwalt.

Shares of top Chinese manufacturing industries crashed on Wednesday, after capital city Beijing made public plans to phase out ownership limits to foreign shipbuilders, automakers and aircraft firms.

According to the National Development and Reform Commission (NDRC), China is set to terminate shareholding limits for new energy vehicle firms such as those that produce electric vehicles this year.

The move will be followed by commercial vehicles in 2020 and passenger cars in 2022.

The U.S. Department of Commerce is banning American companies from selling components to leading Chinese telecom equipment maker ZTE for seven years for violating the terms of a sanctions violation case, U.S. officials said on Monday, according to Reuters. The Chinese company, a top smartphone seller in the United States, pleaded guilty last year in federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran.

Philippine boxing icon Manny Pacquiao said Wednesday he would launch a cryptocurrency to connect with fans, but also backed the regulation of virtual currencies. Pacquiao, one of the world’s most successful boxers, is the latest athlete to launch a virtual currency, following Floyd Mayweather and former England striker Michael Owen.

Scientists have accidentally developed a plastic-eating enzyme that may be used to combat one of the world's worst pollution problems.

Researchers from Britain's University of Portsmouth and the US Department of Energy's National Renewable Energy Laboratory (NREL) made the discovery while examining the structure of a natural enzyme found in a waste recycling center a few years ago in Japan.

They say the enzyme, Ideonella sakaiensis 201-F6, is able to "eat" polyethylene terephthalate, PET, which was patented as a plastic in the 1940s and is used in millions of tons of plastic bottles.

Artificial Intelligence, AI, should never be given the autonomous power to hurt, destroy or deceive people, said a parliamentary report, as ethics should be given priority in the development of AI.

The House of Lords Artificial Intelligence Committee's report - AI in the UK, warned of the danger of AI becoming dominated by a few big firms.

It named Google, IBM and Microsoft as the current leaders in the field and said there was a danger that the fast-growing industry would be monopolised by those few.

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