European stock indexes hit new highs on Wednesday as markets anticipated crucial U.S. inflation data which could give signals on how soon the Federal Reserve will end its aggressive rate hikes. After Friday’s jobs report showed a resilient U.S. labour market, emboldening bets of a 25 basis point hike at the Fed’s next meeting in […]
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French officials were in damage control mode on Tuesday as they tried to contain anger, division and confusion sparked by President Emmanuel Macron’s comments on Europe’s dependence on the United States and its relations with China and Taiwan. Macron’s comments came in an interview on a trip to China that was meant to showcase European […]
Twitter Inc CEO Elon Musk said on Wednesday the social media company is “roughly breaking even,” as most of its advertisers have returned and its aggressive cost-cutting efforts have started bearing fruit after massive layoffs. Musk, in an interview with BBC broadcast live on Twitter Spaces, said Twitter has about 1,500 employees now, a sharp […]
Italy’s data protection agency said on Wednesday it would lift its temporary ban on OpenAI’s ChatGPT artificial intelligence (AI) technology if the U.S. company complied with data protection and privacy demands by end-April. Rapid advances in AI such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree on laws governing the use of the […]
The House of Representatives is set to vote next week on a bill to crack down on Chinese telecommunications companies Huawei and ZTE Corp that have been deemed security threats by the U.S. government. The House said on Tuesday it will take up a bipartisan bill called the Countering Untrusted Telecommunications Abroad Act that would […]
While ChatGPT-based robots are not currently suitable for education, the future looks promising for their integration in aiding the learning process. ChatGPT-based robots are not yet suitable for education. However, the future is very promising. But let’s be clear on one thing: no matter what the future holds these technologies are here to aid and […]
Sweden, South Africa and Australia are at the forefront of a push to transform piles of mine waste and by-products into rare earths vital for the green energy revolution, hoping to substantially cut dependence on Chinese supply. Prices of the minerals used in products from electric cars to wind turbines have been strong, and a […]
The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe flare-up of financial system turmoil could slash output to near recessionary levels. The IMF said in its latest World Economic Outlook report that banking system contagion risks were contained by strong […]
The International Monetary Fund warned on Tuesday of a “perilous combination of vulnerabilities” in financial markets, saying participants’ failing to adequately prepare for interest rate increases has led to significant uncertainty about the health of the financial system. Moreover, the global lender said U.S. regional banks in particular may warrant closer scrutiny after the largest […]
Warren Buffett called geopolitical tensions “a consideration” in Berkshire Hathaway Inc’s decision to sell most of its stake in Taiwanese chipmaker TSMC just a few months after buying it, Nikkei reported on Tuesday. Berkshire had bought more than $4.1 billion of Taiwan Semiconductor Manufacturing Co’s shares between July and September 2022, but in February said […]