Posts with tag: innovation
Alphabet CEO Sundar Pichai hails Chinese startup DeepSeek's AI work at World Governments Summit in Dubai.
Published on: February 12, 2025, 12:00 PM UTC
Water regulator Ofwat is investigating Thames Water for potential breach of obligations due to delayed environmental protection schemes, putting the heavily indebted company at risk of penalties.
Published on: February 12, 2025, 11:03 AM UTC
Malaysia's central bank is ready to manage excessive moves in the ringgit, expecting inflows by state-linked firms and economic prospects to support the currency in the long term.
Published on: February 12, 2025, 08:01 AM UTC
The UK economy may have contracted in Q4, placing it on the brink of recession. Chancellor Rachel Reeves faces pressure to boost growth as GDP is projected to decline by 0.1% amid tax hikes and economic headwinds. The Bank of England estimates a 40% chance of a technical recession, while the Office for Budget Responsibility is set to downgrade growth forecasts.
Published on: February 12, 2025, 08:00 AM UTC
Wall Street bigwig Ken Griffin is not happy with Trump's trade policies. Griffin says the 'bombastic rhetoric' and 'uncertainty' created by the tariffs are an 'impediment to growth.'
Published on: February 12, 2025, 06:02 AM UTC
Temu is shifting to a "half-custody" framework in response to Trump's tariffs, which threatens to increase prices on the budget shopping app as merchants lose economies of scale and incur higher delivery costs. The shift may also result in fewer Chinese suppliers selling on the platform, especially smaller merchants unable to command favorable shipping rates or devote resources to managing logistics.
Published on: February 12, 2025, 03:00 AM UTC
US stocks closed mixed on Tuesday as investors assessed more tariff policy shifts from President Donald Trump and looked ahead to upcoming inflation data. Traders also digested the start of Federal Chair Jerome Powell's two-day testimony in Congress.
Published on: February 12, 2025, 02:02 AM UTC
Contemporary Amperex Technology Co., the world's largest electric-vehicle battery maker, files for a jumbo listing in Hong Kong, potentially raising over $5 billion.
Published on: February 12, 2025, 02:01 AM UTC
Jinjiang International Group signs joint venture framework agreement with Warner Bros to develop a Harry Potter theme park in Shanghai, set to open in 2027.
Published on: February 12, 2025, 02:00 AM UTC
Asian bond yields rise as Fed's Powell signals patience on rate cuts, investors eye US inflation data.
Published on: February 12, 2025, 01:00 AM UTC