In a striking turn of events, Sam Altman has been reinstated as the CEO of OpenAI, merely a week after his unexpected dismissal from the pioneering AI company he co-founded. This development follows an intense five-day period marked by rigorous discussions and negotiations.
Author: Ellie Baker
Ryanair Plans First Regular Dividend Amid Record Profits
The low-cost carrier said it expected to make an after-tax profit of between €1.85 billion and €2.05 billion ($2.1 billion and $2.3 billion) in the fiscal year ending in March 2024, surpassing its previous record of €1.45 billion in 2018.
US GDP Grows by 4.9% in Third Quarter 2023
Gross domestic product (GDP), the broadest measure of economic activity, increased at an annualized rate of 4.9% in the July-September period, the highest since the fourth quarter of 2021, when it grew by 5.1%.
Propelled by Economic Woes, “Argentina’s Trump” is Poised for Presidential Win
Argentina is bracing for a political earthquake as Javier Milei, a far-right libertarian economist and former rock musician, is poised to win the presidency in a runoff election on November 19.
Fed Unlikely to Raise Rates in November, Says Goldman Sachs
The Federal Reserve is unlikely to raise interest rates at its next meeting in November, according to a report by Goldman Sachs strategists published on Saturday.
Brookfield, Societe Generale to Launch Mammoth Private Debt Fund
The fund, named Brookfield Societe Generale Private Debt Partners (BSG PDP), will have an initial capital of $10.70 billion, making it one of the largest private debt funds in the world.
Interest Rates May Rise Again, Fed Warns
The Federal Reserve may need to raise interest rates further to cool down the US economy and bring inflation under control, according to a senior Fed official.
BA Owner Raises Profit Forecast as Travel Demand Rebounds
IAG reports a strong rebound in travel demand, reaching 97% of pre-pandemic capacity and expecting higher profit for the year.
How a Classic Brand Lost Its Way in the Digital Age
Tupperware is a household name that evokes nostalgia and trust for many people. The plastic containers with the patented “burping seal” were invented by Earl […]
UBS to Buy Credit Suisse in $80 Billion Deal to Create European Banking Giant
UBS Group AG, Switzerland’s largest bank, said on Friday it had agreed to buy rival Credit Suisse Group AG for about $80 billion in a […]