Month: January 2025
Conflict, extreme weather and disinformation top global risks in 2025, Davos survey says
This picture taken from the Israeli side of the border with the Gaza Strip shows smoke plumes rising from explosions above destroyed buildings in the northern Gaza Strip on January 13, 2025 amid the ongoing war between Israel and Hamas. Menahem Kahana | Afp | Getty Images Risk specialists identified armed conflict, extreme weather and […]
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Europe’s stocks open higher ahead of closely watched U.S. inflation data
European markets opened higher on Wednesday as traders await the latest U.S. inflation data that will inform the Federal Reserve’s decision-making on interest rate cuts. The pan-European Stoxx 600 was around 0.4% higher during early deals, with most sectors and all major bourses in positive territory shortly after the opening bell. London’s FTSE 100 was […]
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UK inflation unexpectedly cools to 2.5%, core price print slows further
LONDON — U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National Statistics on Wednesday. The consumer price index (CPI) rose to 2.6% in November, with economists polled by Reuters expecting the December reading to stay unchanged. Core inflation, which excludes more volatile […]
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These Chinese apps have surged in popularity in the U.S. A TikTok ban could ensnare them
Lemon8, a photo-sharing app by Bytedance, and RedNote, a Shanghai-based content-sharing platform, have seen a surge in popularity in the U.S. as “TikTok refugees” migrate to alternative platforms ahead of a potential ban. Now a law that could see TikTok shut down in the U.S. threatens to ensnare these Chinese social media apps, and others […]
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Nvidia-backed AI video platform Synthesia doubles valuation to $2.1 billion
Synthesia is a platform that lets users create AI-generated clips with human avatars that can speak in multiple languages. Synthesia LONDON — Synthesia, a video platform that uses artificial intelligence to generate clips featuring multilingual human avatars, has raised $180 million in an investment round valuing the startup at $2.1 billion. That’s more than than double […]
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Fund manager reveals how his little-known ETF gained 80% in 2024
Artificial intelligence will be an investment theme that will continue to grow in 2025 and beyond, according to a tech fund manager that posted 80% gains in 2024. The Hong Kong-listed exchange traded fund Pando CMS Innovation ETF ‘s Chief Investment Officer Beck Lee said the fund relies on proprietary research that combines macroeconomic factors […]
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UK homeowners brace for higher mortgages as borrowing costs spike
Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England. Matt Cardy | Getty Images News | Getty Images LONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs. Major high street lender Virgin Money […]
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Goldman Sachs is about to report fourth-quarter earnings
Key Points Goldman Sachs reports fourth-quarter earnings before market open Wednesday. Analysts surveyed by LSEG expect earnings per share of $8.22 and revenue of $12.39 billion. Goldman executives will host an investor call at 9:30 a.m. ET. Source
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JPMorgan Chase is set to report fourth-quarter earnings – here’s what the Street expects
CEO of Chase Jamie Dimon looks on as he attends the seventh “Choose France Summit”, aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Lucovic Marin | Getty Images JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Wednesday. Here’s what Wall […]
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Travelers can soon fly from Singapore to the ‘gateway’ to Komodo National Park
Jetstar Asia will launch direct flights linking Singapore to Labuan Bajo, the Indonesian town considered the “gateway” to Komodo National Park, the company said. The park, a UNESCO Heritage Site inscribed in 1991, is home to several thousand Komodo dragons, the largest species of lizard in the world, according to UNESCO. Komodo National Park is […]
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