Airbus to cut up to 2,500 jobs in defense and space
Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division, citing a “complex business environment.”
Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
Venture capital firm Accel says that funding for cloud startups is set to rise 27% in 2024 thanks to a boost from AI — the first year of growth in three years.
LVMH falls 6% as third-quarter revenues drop; European markets trade lower
European markets opened lower Wednesday as global market sentiment takes a turn for the worse.
Hong Kong leader announces measures to address housing crisis in annual policy address
Hong Kong Chief Executive John Lee announced a series of measures aimed at addressing the city’s housing affordability crisis during an annual policy address.
Thai central bank unexpectedly cuts key rate by 25 basis points
Thailand’s central bank unexpectedly cut its key interest rate at a policy review on Wednesday, a move long called for by the government amid a sluggish economy.
UK inflation falls sharply to 1.7%, below Bank of England’s target for first time in over three years
Economists polled by Reuters expected the headline rate to come in at 1.9% in its first dip below the Bank of England’s 2% target since April 2021.
CNBC Daily Open: Bullish sentiment and broadening rally – markets are in a good place
Anticipation of rate cuts by the U.S. Federal Reserve and hopes that Beijing will unleash more stimulus to boost its economy are driving up investor sentiment.
Why Big Tech is turning to nuclear to power its energy-intensive AI ambitions
Large tech firms are turning to alternative power sources like nuclear as a way to fulfill growing energy demands from data centers.
The UAE can guarantee the ‘safety and the security’ of U.S.-made chips, G42 CEO says
The comments come as Washington reportedly continues to weigh limits on advanced chip sales to the Middle East over national security concerns.
The solid-state batteries hype is fading – prompting auto giants to consider alternatives
Despite the hype around solid-state batteries, some analysts believe an alternative could serve as a bridge between these are traditional lithium-ion batteries.
