The artificial intelligence boom shows no sign of slowing, with global spending on AI infrastructure set to surpass $600 billion this year. Yet beneath the […]
Author: Ellie Baker
Trump Says He Is Firing Federal Reserve Governor, in Latest Escalation Against Central Bank
US President Donald Trump has announced he is firing Federal Reserve Governor Lisa Cook, a dramatic and unprecedented move that escalates his conflict with the […]
UK Inflation Rises to 3.8% in July, Raising Doubts on Rate Cuts.
The UK’s inflation rate has unexpectedly risen to 3.8% in the year to July, up from 3.6% in June, according to the latest figures from […]
Indian Markets Plunge as BJP Falls Short in Election Results
Investors, who had largely priced in a decisive victory for the BJP, were met with a rude shock as the party failed to secure a strong mandate in the 2024 Lok Sabha elections.
Germany’s Economic Stagnation: IMF Warns of Aging Population Impact
Germany, the largest economy in Europe, is on a precarious economic path, facing potential stagnation due to its ageing population, warns the International Monetary Fund (IMF).
Yellen Signals Potential Tariffs to Counter Chinese Overproduction
Yellen’s comments come amid growing concerns over China’s economic practices, particularly its massive investment in industries where production is surging without adequate demand.
Amid Economic Slowdown, UK Slashes Taxes to Boost Public Support
n a desperate move to rejuvenate public support and stimulate the economy amidst sluggish growth and mounting public debt, the British government has unveiled a series of tax cuts.
Germany Braces for Tough 2024: Growth Forecast Slashed to 0.2%
Germany, Europe’s largest economy, is facing a bleak outlook for 2024, as it struggles with the fallout of Russia’s full invasion of Ukraine, high inflation, labor shortages and weak global demand.
Argentina Strikes Deal with IMF for $44B Loan Revamp
Argentina and the International Monetary Fund (IMF) have reached a staff-level agreement to revamp the country’s $44 billion loan program, unlocking about $4.7 billion in funding and paving the way for a new debt deal with the lender.
NY Times Sues OpenAI and Microsoft Over Copyright Infringement
The New York Times Company has filed a lawsuit against OpenAI and Microsoft, accusing them of using millions of its articles to train artificial intelligence chatbots without permission or compensation.