Elon Musk praises China’s ‘very strong’ A.I. credentials
There’s a heightened interest in AI and its potentially transformative effects on society.
2-year Treasury yield hits 16-year high after ADP jobs data shatters expectations
U.S. Treasury yields jumped Thursday after ADP jobs report.
European stocks down 2% after strong U.S. jobs report; CAB Payments debuts
European stock markets were lower Thursday as traders digested sluggish economic growth.
JPMorgan warns UK could see ‘hard landing,’ says interest rates could hit 7%
JPMorgan expects U.K. interest rates to peak at 5.75%, but cautions that they could go higher “under some scenarios,” hitting as much as 7%.
Qatar Airways reports record revenues, bolstered by FIFA World Cup
Qatar Airways announced record annual revenue Thursday after the company’s finances were bolstered by the FIFA World Cup.
‘Life is like it is’: TotalEnergies CEO defends strategy despite calls to cut fossil fuel production
The comments by TotalEnergies CEO Patrick Pouyanne come after French riot police fired tear gas at climate activists trying to prevent the firm’s AGM.
China says it told the U.S. and Europe about the export controls in advance
China’s Ministry of Commerce said Thursday the country told the U.S. and Europe about this week’s export controls in advance.
Janet Yellen arrives in Beijing on mission to find common ground for U.S. and China
Yellen’s trip deepens a thaw in U.S.-China ties, coming weeks after Secretary of State Antony Blinken’s own visit to Beijing in mid-June.
OPEC chief says the search is on for new members of the oil producers’ group
OPEC chief Haitham al-Ghais would not be drawn into disclosing the names of potential new members.
A $12 phone is opening doors for rural India to get on the internet
The telecommunications arm of India’s richest company, Reliance Industries, has launched a $12 internet-enabled feature phone.
