The Asian Development Bank must collaborate with others to meet the “immense” challenges that Asia and the rest of the globe face, its director general told CNBC on Friday. “The challenge that we are facing in this region and also… Read More ›
Entrepreneurship
China’s Trade Slump Lessens As Indications Of Stability Appear
Although the decreases were milder than anticipated, China’s exports and imports continued to shrink in August due to the dual pressures of weak domestic consumer spending and declining global demand. The trade figures come after a string of other signs… Read More ›
US Economic Growth Was Moderate Recently, According To A Fed Study
A US Federal Reserve report released on Wednesday revealed that U.S. economic growth was moderate in July and August despite a cooling labour market and easing inflation pressures, which supported views that the central bank was finished raising interest rates or… Read More ›
Chip Giant Arm Holdings Targets A Market Value Of More Than $50 Billion
In its first share sale to the general public since 2016, UK-based chip designer Arm hopes to achieve a market value of over $50 billion. The business, which creates semiconductors for gadgets like cellphones and gaming consoles, is aiming to… Read More ›
Uber Launches Its First Electric Bike Fleet In Africa In Kenya
Uber, a ride-hailing company, launched its first electric motorbike service in Africa on Thursday in Kenya as part of its effort to make its worldwide platform emissions-free by 2040. According to Kagiso Khaole, Uber’s general manager for sub-Saharan Africa, the… Read More ›
Japan’s 25-Year Fight Against Deflation Is Nearing A “Inflection Point,” Government Claims
The Japanese government said on Tuesday that it believed the country’s economy was close to emerging from a protracted period of stagnation and that Japan may be at a turning point in its 25-year struggle with deflation as price and wage… Read More ›
White-Collar Occupations Will Be Affected By AI First, According To IBM CEO, But It May Benefit Workers Rather Than Replace Them
In an exclusive interview with CNBC that aired on Tuesday, IBM Chairman and CEO Arvind Krishna predicted that white-collar jobs will be among the first to be affected by artificial intelligence. According to him, generative AI and big language models… Read More ›
China’s Baidu Reports A 15% Increase In Sales, Exceeding Estimates
The second quarter revenue for Chinese tech company Baidu exceeded expectations, increasing by 15% year over year and supported by increase in advertising. According to Refinitiv statistics, this was the fastest quarterly year-over-year increase speed in two years. In pre-market… Read More ›
How Did The Once Highly Acclaimed Company WeWork Reach Its Decline?
Once hailed as the office of the future, WeWork. However, there is currently “substantial doubt” regarding it. What happened? Beginning in 2018, David Born, the owner of Born Licencing, a modest character and film licencing company with headquarters in the… Read More ›
Exports From Japan Drop For The First Time Since 2021, Raising Concerns About The Future
For the first time in over two and a half years, Japan’s exports declined in July due to weaker demand for chip-making equipment and light oil, highlighting worries about a possible global recession as important markets like China deteriorated. According… Read More ›
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