As a surprisingly resilient economy avoided a recession, employment in the euro zone increased more than anticipated to a new record high last quarter, signaling stronger underlying inflation pressures that could keep interest rates high for longer. Although it was… Read More ›
Regulations & Legal
Beijing Is Keeping A Close Eye On The Launch Of ChatGPT Clones By China’s Tech Giants
Over the past week, major Chinese technology companies have revealed their plans to release ChatGPT-style products, joining the artificial intelligence arms race that the well-known chatbot has sparked. However, the biggest companies in China have not publicly stated that they… Read More ›
Buy-Now-Pay-Later Credit Is To Be Regulated By Law In Britain
Britain will introduce draft legislation on Tuesday to control “buy now, pay later” credit, claiming that the industry could harm consumers if accurate affordability checks were not made. The majority of BNPL businesses are unregulated, and they frequently provide on-the-spot,… Read More ›
Toyota’s New CEO Says The Company Will Increase Its Battery Production And Keep All Of Its Options Open
According to the company’s new CEO, Toyota Motor Corp. will increase its battery-electric offerings by concentrating on its luxury Lexus brand, but it will stick to its long-standing strategy of investigating other technologies. Koji Sato, who will take over as… Read More ›
Chinese Companies Returning To The US With IPOs
After a dry spell in the formerly brisk market, Chinese startups are once again raising millions of dollars through listings on the American stock market. Hesai Group, a supplier of “lidar” technology for autonomous vehicles, listed on the Nasdaq on… Read More ›
UK Activists Demand Stricter Regulations For E-Cigarettes To Match Those For Tobacco
Health campaigners and councils have urged taxing vapes and displaying them in plain packaging behind the counter to decrease their appeal to children. Action on Smoking and Health (Ash) is urging Jeremy Hunt, the chancellor, to impose an additional £4… Read More ›
Air India Places A Record Order With Airbus And Boeing For About 500 Aircraft
In an effort to reinvent itself under its new owners, Air India has signed a jumbo deal for about 500 new planes worth more than $100 billion at list prices. According to industry sources, this could be the airline’s single… Read More ›
Plans For Beginning Production In US For Vietnamese EV Maker VinFast Not To Be Affected By Job Cuts
Even though VinFast, a Vietnamese manufacturer of electric vehicles, is reducing its workforce in North America, the company has stated that it is still on track to begin production in the United States by 2024. The nation’s first domestic automaker… Read More ›
ChatGPT Craze Engulfs China As Companies Clamber For Homegrown Alternatives
Although Microsoft-backed OpenAI has restricted access to its popular ChatGPT app in China, the app is generating a lot of interest in the country, with companies rushing to integrate the technology into their products and launch competing solutions. While residents… Read More ›
Fast Food Dominates As Inflation Pressures More Expensive Restaurants
As fast-casual and casual-dining restaurants struggle to draw in patrons, fast-food chains appear to be the big winners in the fourth quarter and beyond. Although many publicly traded restaurant businesses have yet to release their most recent quarterly results, for… Read More ›