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EU's Dombrovskis to Visit U.S. for Talks on Inflation Reduction Act

European Commission Vice President Valdis Dombrovskis will head to Washington next month for more talks about the U.S. Inflation Reduction Act (IRA), he said on Thursday, adding that discussions are unlikely to solve all the EU’s concerns about the law. Dombrovskis, the European Union’s commissioner for trade, said progress was being made in some areas […]

Top 5 Best Practices for Your Corporate Card Spending

If you’re looking to optimize your corporate card spending, there are various things you can consider to help you more accurately outline your business corporate card spending policy, and ensure your company is managing card spending effectively. In this article, we’ve put together five of the best practices to help you manage corporate card spending. […]

Ericsson to Lay Off 8,500 Employees - Memo

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson’s move would be the largest layoff to hit […]

Chips, EVs Power Biden’s Big Bet on America’s Industrial Policy

A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take pizza-sized silicon wafers and make them into computer chips used in everything from data centers to cars. The two Ohio […]

Under the Business Microscope: Orange vs SFR

There is no clear winner in the french telecom sector. Yet one operator may be ahead in the race. It is not over yet. Telecom wars are more of a marathon, and the french telecom scene is no different. While Orange is a legacy name with significant backing and funds, SFR is still doing well. […]

China Says It Sees the Potential of ChatGPT-Like Technology

China’s Ministry of Science and Technology said on Friday said it saw the potential of ChatGPT-like tech and would be pushing for the integration of artificial intelligence into Chinese society and the economy. “(This technology) has the potential to be applied in many industries and fields,” Chen Jiachang, who heads the ministry’s high-tech department, told […]

Carbon-Removal Companies Launch Group to Lobby U.S. Government on Policies

More than 20 companies in the burgeoning carbon removal industry on Thursday launched a coalition that will lobby the U.S. government for new policies to help commercialize the nascent technology, which has received a flood of private investment in recent years. The CRA will represent companies developing technologies to remove carbon emissions, buyers of credits […]

Life in a Cognitive City

In 1909 a short novel was published that has gone on to shape the opinions of every generation since. It concerns what the future has in store for us. It was entitled ‘The Machine Stops’, and even those unaware of this novella harbor fears lifted straight from its pages. The central core of this 114-year-old […]

Wall St Slides as Inflation Data Fuels Fed Worries

Wall Street’s main indexes fell more than 1% on Friday as a surge in consumer spending and inflation in January sparked concerns that the Federal Reserve will stick to its hawkish stance for longer. The personal consumption expenditures (PCE) price index, the Fed’s preferred gauge of inflation, shot up 0.6% last month after gaining 0.2% […]