Month: September 2024
Asia-Pacific markets mixed as China stocks rebound from 6-year low; yen strengthens to 9-month high
The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023. Anadolu Agency | Anadolu Agency | Getty Images Asia-Pacific markets were mixed Friday, as mainland Chinese markets rebounded from a six year low and Australian markets near an all […]
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Pro-Russian hackers reportedly crashed Taiwan Stock Exchange website on Thursday, local media reports
A man walks past a monitor showing the stocks curves outside the Taiwan Stock Exchange in Taipei on May 12, 2021. SAM YEH | AFP via Getty Images Pro-Russian hackers reportedly crashed the Taiwan Stock Exchange website on Thursday, according to local media reports. At 3 p.m. Taiwan time, the stock exchange said “a large […]
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Most Gen Z Brits want to ‘be their own boss’ — but one expert says they’ll face a reality check
Girl using mobile phone against colored background Klaus Vedfelt | Digitalvision | Getty Images Gen Z is increasingly proving to be the entrepreneurial generation, with the majority wanting to set up their own business — but one expert warns it might not be as straightforward as they think. Some 75% of Gen Z — the […]
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Boeing workers overwhelmingly reject contract, prepare to strike
Boeing Co. workers and supporters hold signs outside the Aerospace Machinists Union District 751 Hall ahead of a vote on the union contract in Renton, Washington, US, on Thursday, Sept. 12, 2024. M. Scott Brauer | Bloomberg | Getty Images More than 30,000 Boeing workers were set to strike Friday, halting production of most of […]
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Saudi Arabia expects to get access to Nvidia’s high performance chips ‘within the next year’
Saudi Arabia is optimistic about gaining access to U.S. chipmaker Nvidia’s high-performance chips, which would enable it to develop and operate the most advanced artificial intelligence models. Speaking to CNBC on Thursday, a top official at the Saudi Data and AI Authority, Abdulrahman Tariq Habib, said the kingdom expected to make such a stride in […]
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Strong case for 50 basis point Fed rate cut, says former NY Fed chief Dudley
Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States. Ashlee Espinal | Reuters Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States. “I […]
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Alibaba’s Taobao shopping app launches AI-powered English version in Singapore, jumps to first place in Apple’s App Store
The logo of Alibaba’s e-commerce app Taobao is displayed next to mobile phones displaying the app, in this illustration picture taken October 25, 2023. Reuters | Florence Lo Singapore — Chinese e-commerce giant Alibaba‘s Taobao shopping app topped the Apple App Store charts in Singapore after releasing an English version on Tuesday — thanks to […]
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‘I don’t think that was the right decision.’ Booking Holdings CEO on being labeled a ‘gatekeeper’ under EU law
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Booking Holding’s CEO Glenn Fogel told CNBC’s Monica Pitrelli that he isn’t against regulations, like the European Union’s Digital Markets Act, but that he wants “rules to apply to everybody equally.” Source
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North Korea gives rare view of uranium enrichment site during Kim Jong Un visit
Russia’s President Vladimir Putin and North Korea’s leader Kim Jong Un attend a state reception in Pyongyang, North Korea June 19, 2024. Vladimir Smirnov | Via Reuters North Korean leader Kim Jong Un visited a uranium enrichment facility and called for new centrifuges to produce more weapons-grade material for nuclear bombs, state media KCNA reported on Friday. The report […]
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Federal Reserve will opt for slow policy easing as there’s ‘still work to do’ on inflation, Fitch says
The U.S. Federal Reserve’s easing cycle will be “mild” by historical standards when it starts cutting rates at its September policy meeting, ratings agency Fitch said in a note. In its global economic outlook report for September, Fitch forecast 25-basis-point cut each at the central bank’s September and December meeting, before it slashes rates by […]
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