Author Archives
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Google Using AI At Traffic Lights To Reduce Fuel Use And Traffic Delays
Using artificial intelligence to optimise signal lights, it has been possible for Alphabet Inc’s Google to bring down the rate of fuel consumption as well as traffic delays by 10 per cent to 20 per cent at four locations in… Read More ›
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September Inflation In Euro Zone Rises To Bit 13-Year High
Inflation in the eurozone reached a 13-year high in September and experts and economists expect it to rise further, casting doubt on the European Central Bank’s optimistic assessment of the largest price rise since before the global financial crisis. The… Read More ›
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August Consumer Spending In US Increases, But Households’ Buying Power Hit By Inflation
Consumer spending in the United States increased in August, but outlays were lower than previously believed when adjusted for inflation. This data supported forecasts that economic growth would stall in the third quarter as Covid-19 infections increased. Inflation remained high… Read More ›
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Developing Countries Have $385 Billion In Hidden Debts Due To Chinese Loans, Says A Study
According to a recent research, China’s Belt and Road Initiative has prompted dozens of low- and middle-income nations to accrue $385 billion in “hidden debts” to Beijing. AidData, an international development research lab headquartered at Virginia’s College of William and… Read More ›
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Another Payment Deadline Missed By Chinese Property Giant Evergrande – Second In A Week
The beleaguered Chinese property giant Evergrande, which is hugely in debt, has laso reportedly missed interest payment owed to overseas investors for the second time within a week, said reports quoting sources with information of the matter. The Chinese real… Read More ›
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Germany’s September Inflation Rate Grows At Record Pace
Data released on Thursday showed that the pace of growth of inflation in Germany for the month of September was a record of sorts. The data underscored the increasing price pressure on the largest economy of Europe as it attempts… Read More ›
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With Mounting Opposition And Debt, Momentum Being Lost By China’s Belt And Road Plans
According to a new report released on Wednesday, China’s massive Belt and Road Initiative (BRI) is in danger of losing momentum as resistance grows in target nations and debts build, clearing the door for competing projects to force Beijing out…. Read More ›
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Study Finds 37% Recovering Covid-19 Patients Have At Least One Long-Term Symptom
A large study conducted by Oxford University and the National Institute for Health Research, which was made public on Wednesday, revealed that 37 per cent of the patients that were examined in the study were found to be suffering from… Read More ›
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Analysts Predict Record Deliveries For Tesla For In The Third Quarter Despite Component Supply Issues
On Tuesday, Wall Street analysts raised their forecasts for the quarterly car deliveries for the United States based electric car maker Tesla. One of the market research firms noted that the third quarter would be the best ever quarter for… Read More ›
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Its Highest Every Quarterly Loss Of $5.9bln Reported By Malaysia’s AirAsia X
Its highest every quarterly loss of $5.9 billion was posted by Malaysia’s AirAsia X Bhd on Monday. This loss amount was eight times higher than what the company had reported for the same quarter a year ago. One of the… Read More ›
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