Netflix Adds Generative AI To Competitive Risk Factors In Its Annual Report
In its annual report, filed with the U.S. Securities and Exchange Commission (SEC) on Friday, Netflix added generative AI to its list of risk factors, a section required under SEC rules.
US Indices Finish At Fresh Records As ECB Pauses Rates Again
Wall Street indices finished at fresh records Thursday on the back of strong US economic growth data while European stocks edged higher despite the European Central Bank signaling it was too soon to start considering interest rate cuts.
AI Won't Take As Many Jobs As Expected, Suggests New Study
While several reports have emerged recently sounding the alarm for job loss due to the impact of AI, a new study has said the damage may not be as bad as anticipated.
Most Asian Markets Rise After Wall St Record
Most Asian markets rose Monday following a record finish on Wall Street, but hopes for an early US interest rate cut were dealt a fresh blow by Federal Reserve officials looking to rein in investor expectations.
Asian Markets Track Wall St Higher After Tech Surge
Asian markets rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates as early or by as much as hoped this year.
UK Wage Growth Continues To Slow And Threaten Labour Market
The Office For National Statistics reports that the annual rate of growth in earnings, including annual bonuses, has slowed to 6.5 per cent.
European Stock Markets, Oil Prices Retreat
European stock markets fell Monday as data showed Germany's economy shrank last year, while oil prices cooled despite fresh US-UK strikes on Huthi targets in Yemen.
Ukraine Accuses Subway Of 'Financing The Murders Of Ukrainians' By Supporting Russia
For almost two years, despite sanctions from the West, Subway has continued to operate more than 500 of its stores across Russia.
Stock Markets Hesitant Ahead Of Inflation Data, Earnings
Global stock markets drifted on Wednesday, the eve of the release of key US inflation data and the start of the latest earnings season.
Amazon Cuts Hundreds Of Jobs At Twitch, Prime Video And MGM
Amazon's gamer streaming unit Twitch on Wednesday announced that it was laying off 500 staff, reportedly one third of the company, as it struggles financially despite strong popularity among players.
US Stocks Mostly Fall As Tokyo Hits 33-year High
US and European stocks markets mostly retreated Tuesday as a rebound at the start of the week lost steam amid investor worries about the growth outlook.
UK Launches Europe's First Next-Gen Nuclear Fuel Production Plan To End Russian Fuel Dominance
The UK has launched a unique nuclear fuel production programme called the HALEU programme which powers nuclear reactors previously fueled by Russian fuel, fulfilling its COP28 promise of reducing Russian fuel dominance.
What Does The CBN Lifting The Ban On Crypto Mean To Every Day Nigerians?
Nigeria lifts the crypto ban, opening doors for financial inclusion with stricter regulations and potential for growth in 2024. Be cautious, educated and invest responsibly.
Vinfast Plans First EV Factory In India
Vietnamese carmaker VinFast said it will build its first electric vehicle factory in India as part of a planned $2 billion investment, as it looks to expand into the rapidly growing market.
The Biggest ZEV Mandate In The World Comes To Force In the UK
The UK government has turned the zero-emission vehicle mandate into law after an extension of the EU electric vehicles trade rule last month, putting in place the biggest ZEV mandate in the world.
Oil Prices Jump, Stocks Slump After Iran Blasts
Global markets were rattled Wednesday as blasts in Iran that killed at least 103 fanned fears of the war between Israel and Hamas spreading further.
New Year Gets Off To A Weak Start As Traders Eye Rate Cuts
Asian markets slipped Tuesday as most traders returned from the New Year break looking forward to a 2024 that is expected to see a series of Federal Reserve interest rate cuts, but to also be full of economic and political uncertainty.
Getting Ready for the AI Reset: What Businesses Can Do To Prepare in the Next Three Years
Although AI is transforming the world faster than its advocates imagined, it's not too late to get on board if you're a business owner. Here is how.
US Holiday Sales Growth Estimated At 3.1%: Mastercard
Preliminary shopping data indicated that US holiday sales increased 3.1 percent compared with the year-ago period, a solid but unspectacular increase reflecting mixed sentiment on the economy.
US Stocks Resume Upward Climb As Oil Dips On Angola OPEC Exit
Wall Street stocks resumed their upward climb on Thursday following a brief pullback while oil prices declined after Angola quit the OPEC oil cartel.
Asian Markets Track Another Wall St Record On Rate Hopes
Asian stocks rallied Wednesday, following another record performance on Wall Street as traders continue to bet on the US Federal Reserve slashing interest rates several times next year.
UK Petrol Prices Hit a Two-Year Low Amid Drivers Contending Fluctuating Prices and Economic Uncertainties
Declining demand, increased oil production from key oil-producing nations, and geopolitical factors contributed to the downward trend in UK petrol prices.
What New Businesses Will Generate The Most Profits In 2024?
The COVID-19 pandemic led to almost 50 people quitting their jobs, taking matters into their own hands and becoming the newest entrepreneurs in the UK.
Microsoft Reportedly Planning To Use Nuclear Energy To Power Its AI Ventures
Microsoft has teamed up with fusion power company Helion, which is expected to start generating nuclear energy through nuclear fusion by 2028.
In Iraq, China Finds A Reliable New Investment Partner
Iraq's Prime Minister greets President of the Chinese Tsingshan Holding Group, Mr. Zhang Jiming, and his delegation in Baghdad, 30 November 2023
EU Proposes Three-year Delay On UK Electric Car Tariffs
Brussels proposed Wednesday a three-year delay on tariffs on the sale of electric vehicles between Britain and the EU that was meant to kick in from January, in a major reversal of its previous position.
US Oil Prices Slide Below $70 A Barrel; Mixed Day For Global Stocks
US oil prices finished below $70 a barrel for the first time since July on Wednesday on a mixed day for global equities, as traders pondered hopes for interest rate cuts from the European Central Bank and the US Federal Reserve.
Global Stocks Mixed As US Crude Prices Slips To Five-month Low
Global stocks were mixed Tuesday as investors digested data suggesting a slowing US labor market, while US crude prices sank to a five-month low amid lingering concerns about demand.
Spotify Streamlines Operations: Cuts Nearly 1,600 Jobs Amid Escalating Costs
This is the third and most substantial round of layoffs for Spotify this year, a move attributed to pressure from an activist investor.
Labour's Pledge to 'Rewire Britain' Sparks Controversy Amidst Tory Party Discord Over Pylon Plans
Labour envisions a comprehensive overhaul that includes updating existing infrastructure, increasing energy efficiency and expanding renewable energy sources.