After the successful offering of its Arm company, SoftBank is seeking deals in artificial intelligence (AI), including a prospective investment in OpenAI, the Financial Times reported on Saturday. Masayoshi Son, the founder and CEO of SoftBank, plans to invest tens… Read More ›
The losses of the US Federal Reserve have surpassed the $100 billion level and are certain to rise significantly before the bleeding stops, according to the latest data from the institution. The U.S. central bank is still losing money on… Read More ›
According to a Rhodium Group research, American and European businesses are diverting their investment away from China and into other emerging economies. The majority of this capital is being diverted to India, followed by Mexico, Vietnam, Malaysia, and then China…. Read More ›
The European Central Bank will decide on Thursday whether to continue fighting inflation by raising its benchmark interest rate to a record high or taking a break as the economy deteriorates. The central bank of the 20 nations that make… Read More ›
The G20 leaders pledged to work towards tripling the world’s renewable energy capacity by 2030 and acknowledged the need to continue phase-down of coal power, but they refrained from establishing significant climate goals. The 20 largest economies in the world… Read More ›
Without utilising sperm, eggs, or a womb, Israeli researchers were able to construct a model of a human embryo from stem cells, providing a rare look into the early phases of embryonic development. According to the scientists at Israel’s Weizmann… Read More ›
A sell-off in international IT stocks on Friday was exacerbated by China’s expanding restrictions on iPhone usage by government employees, feeding concerns that Apple and its suppliers would suffer as a result of escalating Sino-U.S. tensions and growing Huawei rivalry…. Read More ›
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 ›
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 ›
In its most recent onslaught on Big Tech, the EU Commission on Wednesday named 22 services from six major tech corporations as “gatekeepers” of online services offering messaging to video sharing. Alphabet, Amazon, Apple, Meta, Microsoft, and ByteDance, owner of… Read More ›
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