A private-sector survey released on Tuesday revealed that while China’s factory activity increased more quickly in December due to higher output improvements and new orders, business confidence for 2024 remained low. At the end of 2023, the Caixin/S&P Global Manufacturing… Read More ›
According to corporate records, a seasoned software executive from Silicon Valley took the lead last year at a startup in his home China. The business disclosed to prospective investors that it would market software for designing microchips, which is mostly… Read More ›
After a terrible 2022, tech stocks recovered, helping the Nasdaq experience one of its best years in the previous 20 years. The tech-heavy Nasdaq ended 2023 up 43%, its best year since 2020, which was marginally higher, following last year’s… Read More ›
December had the greatest pace of expansion in Russia’s manufacturing sector in about seven years, according to a business survey released on Friday. Despite this, new export orders fell for the second consecutive month. The S&P Global Purchasing Managers’ Index (PMI)… Read More ›
Asia’s top-performing market in 2023 was Japan, as the Nikkei 225 surged 28% to reach levels not seen since 1989. At the close of 1989, the Nikkei reached all-time highs thanks to a bubble in equities and real estate. And… Read More ›
A Reuters poll conducted on Friday indicated that international oil prices are expected to remain around $80 per barrel in 2024, with analysts predicting that weak global growth would limit demand and geopolitical concerns might give support. Analysts questioned if… Read More ›
Perhaps 2023 will go down in IT history as the year that generative AI became widely used. Though not flawless, generative AI systems can produce a variety of content quickly, including computer code, artwork, and essays. This versatility has made… Read More ›
The New York Times, a US news outlet, is suing OpenAI, the company that owns ChatGPT, claiming that the company violated its copyright when training the system. Microsoft is also named as a defendant in the case, which claims the… Read More ›
Investors, economists, company executives, and regular customers from London to Lyons to Los Angeles have one hope as 2024 approaches: let the interest rate reductions start! The majority of the industrialised world’s central banks concluded 2023 with a flurry of… Read More ›
The latest indication that the economy was picking up steam as the year came to an end was the slight increase in the number of Americans submitting new claims for unemployment benefits last week. The Labour Department released data on… Read More ›
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