Author: Admin
Europe’s record-breaking heat waves are driving spikes in demand for air conditioning
Heat waves and longer summers are driving seasonal spikes in demand for cooling units, highlighting the need for efficient technologies and adequate power supply to keep Europe cool. This year is set to bring another record hot summer, with temperatures reaching as high as 39 degrees Celsius in Paris. The increase in heat, as well […]
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Nvidia’s set to regain some China access. But it still faces eroding AI chip market share
Photo illustration of Nvidia’s H20 chip. Vcg | Visual China Group | Getty Images Nvidia‘s H20 chips are likely to return to China, but tech experts don’t expect them to be met with the same fanfare in the market in light of new competition and regulatory scrutiny. The Trump administration last month gave Nvidia assurances […]
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India’s IT layoffs spark fears that AI is hurting jobs in a sector critical to its economy
Avishek Das | Sopa Images | Lightrocket | Getty Images India’s IT sector is facing job cuts, and analysts are wary about what the impact of artificial intelligence might mean for an industry critical to the country’s broader economy. The country’s largest private sector employer, Tata Consultancy Services, which employs over half a million IT […]
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CNBC Daily Open: That’s not how revisions to jobs numbers work
U.S. President Donald Trump boards Air Force One on August 1, 2025 at Joint Base Andrews, Maryland. Anna Moneymaker | Getty Images News | Getty Images After U.S. jobs figures for May and June were revised significantly downward by the Bureau of Labor Statistics — slashing a combined 258,000 from previous figures — President Donald […]
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European markets look set to start the week positively; oil prices in focus after OPEC+ output hike
What to keep an eye on today An electronic board displays exchange rate information at a currency exchange bureau in Istanbul, Turkey, on Aug. 29, 2022. Nicole Tung | Bloomberg | Getty Images The second-quarter earnings season is starting to ease, with no major corporate reports Monday. On the data front, traders will be keeping […]
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Singapore’s stock market is soaring. And the bull run is just getting started, experts say
Once seen as a small, “unexciting” market for income-seeking investors, Singapore equities have taken a sharp turn upwards, surging to record highs, with major banks and market watchers signaling that the rally is just getting started. Building on its strong gains from last year, the benchmark Straits Times Index has advanced nearly 10% so far […]
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China’s BYD breaks delivery growth streak as EV price war reshapes competition
Despite a July slowdown, BYD retains its lead in China’s competitive EV market. Anna Barclay | Getty Images News | Getty Images China’s largest EV maker BYD posted its first monthly delivery decline this year, amid stiff competition from a price war that has attracted attention from policymakers in Beijing. While other major Chinese electric […]
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Asia-Pacific stocks set to slip as investors weigh tariffs, OPEC+ output hike
Investors will be keeping a watch on oil prices after OPEC+ agreed to raise production to 547,000 barrels per day in September. Source
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Stock futures were little changed amid uncertainty over economy and tariffs: Live updates
OPEC+ hikes oil production by 547,000 barrels per day for September Oil prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output. Dado Ruvic | Reuters OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the […]
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Trump and Carney to speak in the coming days, Canadian official says
Canadian Prime Minister Mark Carney speaks during a press conference after a Cabinet meeting to discuss both trade negotiations with the US and the situation in the Middle East, at the National Press Theatre in Ottawa, Ontario, Canada on July 30, 2025. Dave Chan | Afp | Getty Images U.S. President Donald Trump and Canadian […]
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