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 ›
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 ›
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 ›
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 ›
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 ›
Worries that China’s worsening real estate sector problem is choking what little economic momentum there is have increased in response to missed payments on investment products by a major Chinese trust firm and a decline in home prices. Angry investors… Read More ›
As Americans raised their online purchases and increased their dining out, U.S. retail sales climbed more than anticipated in July, indicating that the economy continued to grow early in the third quarter and preventing a recession. The Commerce Department’s report… Read More ›
Retail sales, industrial output, and investment figures for China’s economy for July fell short of forecasts, raising fears of a more significant and protracted downturn in development. There have been previous inaccurate predictions about the end of China’s growth. Is… Read More ›
Japanese automakers are benefiting from a tried-and-true strategy as the cheaper yen supports earnings in the face of weakening sales in China and the increasingly difficult transition to electric vehicles. The currency was a contributing factor in the recent earnings… Read More ›
On Tuesday, China’s central bank unexpectedly reduced key policy rates for the second time in three months, providing more evidence that policymakers are stepping up their monetary easing initiatives to support the economy’s faltering recovery. Analysts claimed that the action… Read More ›
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