Lagarde says ECB will cut rates soon, barring any major surprises; notes ‘extremely attentive’ to oil
Her comments come shortly after the central bank gave its clearest indication to date that it could start cutting interest rates during its June meeting.
AMD rolls out its latest chips for AI PCs as competition with Nvidia and Intel heats up
AMD’s new processors will compete against Nvidia’s and Intel’s chips that are specifically designed for AI PCs.
China’s inaction on Iran has ‘undermined’ its influence in the Middle East, analyst says
China’s restrained silence in the Middle East conflict is tipping the scales of regional influence back in the U.S.’ favor, according to one analyst.
Microsoft invests $1.5 billion in AI firm G42 which faces U.S. scrutiny for China ties
Microsoft will invest $1.5 billion into G42, an artificial intelligence firm based in the United Arab Emirates.
Dr. Martens shares plunge 30% to all-time low, trading briefly halted on weak outlook
Shares of Dr. Martens plunged to a record low in early deals after the shoemaker flagged a challenging 2025 outlook.
Europe stocks extend declines in shadow of Middle East tensions; Ericsson up 8%, Dr Martens plunges 30%
European markets opened lower Tuesday as investors closely follow developments in the Middle East.
Eco-friendly data centers help drive $6.3 billion of green investment in Southeast Asia, but report shows more needed
Southeast Asia saw an uptick in green investments in 2023, with a boost from green data center projects, though funding remains insufficient, says a report.
Ericsson sees sales stabilizing soon after first-quarter profit beat
Ericsson said on Tuesday it expects sales to stabilize in the second half of 2024 amid signs some customers are looking to spend again.
Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi
Gold prices continued to hover near record highs days after Middle East tensions flared, boosting the safe-haven appeal of bullion.
Baidu says its ChatGPT-like Ernie bot exceeds 200 million users
Baidu CEO Robin Li was speaking at the company’s annual “Create” conference for artificial intelligence developers. Li is also co-founder and chairman of Baidu.
