Investors Left Hanging As Tesla Board Remains Mum After Elon Musk Pay Debacle
According to legal experts, Elon Musk's team will likely appeal the ruling at the Delaware state Supreme Court.
Global Stocks Drop On Sticky US Inflation
Stocks in the United States and Europe slumped on Tuesday while the dollar climbed as data showed that US inflation slowed less than expected in January, diminishing chances of an early interest rate cut.
UK Chip Designer Sees Shares Almost Double As AI Race Heats Up
AI developers and tech entrepreneurs are seeking ways to diversify their hardware options, including by exploring chipmaking ventures of their own.
Nvidia CEO Says Tech Advances Will Limit AI Costs As OpenAI Seeks $7 Trillion Investment
Silicon chips are a key component of AI expansion – President Joe Biden recently signed the CHIPS Act, which gives $52 billion to build factories in the US.
China's Economy Hit By Worst Consumer Prices For The First Time In 14 Years
According to official data published by the National Bureau of Statistics, China's consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.
Barratt to Acquire Redrow in Landmark £2.5 Billion Deal
Barratt, the nation's largest housebuilder, has finalised a deal to acquire its smaller counterpart, Redrow, for an impressive sum exceeding £2.5 billion.
British Journalist Sentenced To Prison In Malaysia For Defaming Queen
The journalist has alleged that she is being targeted because of her reports that exposed the 1MDB scandal.
Holiday-hit Asian Markets Mixed, Wall St Record Fails To Inspire
Asian markets were mixed in holiday-thinned trade Friday as investors struggled to build on another record-setting day on Wall Street, with focus on the upcoming release of key US inflation data.
S&P 500 Flirts With 5,000 Points While Oil Prices Rally
The S&P 500 flirted with a landmark new peak Thursday, but finished just shy of 5,000 points, while oil prices shot higher on worries about the Middle East.
Stock Markets Mixed As Investors Digest Corporate Results
While US stocks closed up, the picture in Europe was less positive: London, Paris and Frankfurt all ended lower as investors locked in profits from recent gains.
Elon Musk Reveals His 'Live And Sleep' At the Factory Plan For Tesla's New EV
Tesla is reportedly working on a more affordable EV codenamed "Redwood," which is expected to enter production in the second half of 2025.
Global Stocks Rise On Strong Earnings, New Support From China
US and European indexes edged cautiously higher Tuesday as investors digested strong corporate results, while stocks in Hong Kong and Shanghai soared after Chinese authorities announced moves to reverse a long-running rout.
Manchester United Defender Lisandro Martinez Ruled Out For Two Months With A Knee Issue
Erik ten Hag will be unable to call on Lisandro Martinez for matches in February and March due to another injury setback for the player.
Rishi Sunak Accused of Giving 'VIP Access' To Indian IT Firm Infosys
A new report has emerged which reveals that the UK trade minister helped Rishi Sunak's wife-linked Indian IT firm Infosys get better access to trade deals for ease of business in the UK.
Biden Robocall: Audio Deepfake Fuels Election Disinformation Fears
The 2024 White House race faces the prospect of a firehose of AI-enabled disinformation, with a robocall impersonating US President Joe Biden already stoking particular alarm about audio deepfakes.
Google and Microsoft Witness £130 Billion Market Cap Decline
Shares of Alphabet, the parent company of Google, experienced a six per cent decline following investor disappointment with the lacklustre advertising performance in the last quarter.
Apple Promises AI Innovation As China IPhone Sales Slip
Apple chief Tim Cook on Thursday promised the tech titan has artificial intelligence news in store as shares suffered despite sales growth in the final three months of last year.
Shares In Banking Giants BNP, ING Fall Despite Hefty Profits
Shares in European banking giants BNP Paribas and ING tumbled on Thursday as disappointing fourth-quarter results took the shine off bumper annual profits.
'Labour Is The Party Of Business,' UK's Starmer Tells Corporate Bigwigs
UK opposition leader Keir Starmer promised Britain's corporate community Thursday that his Labour party would better marshal the economy than the ruling Conservatives if elected.
Microsoft Says AI Is Getting Deployed 'At Scale' As They Become World's Most Valuable Company
After AI was thrust into the mainstream discourse with the creation of ChatGPT in 2022, Microsoft quickly established itself as the driver of the technology.
Stocks Waver As US Tech Shares Fall, Fed Meets On Rates
Stock markets wavered on Wednesday as shares in major US tech companies fell and investors awaited a key Federal Reserve interest rate meeting.
Urban Exodus vs. Urban Oasis: the Post Pandemic's Mixed Picture of City Life
The pandemic has sparked a global change in urban living, from sprawling suburbs to gated green havens. While Westerners escape the city centre, some Asians refuse to sacrifice the convenience of urban life. They have the foundation for this choice, as mega-complexes of thousands of hectares, like Vietnam's Ocean City, are taking root in the heart of bustling cities, aspiring to fulfill every resident's need.
Global Stocks Mixed As Traders Track Eurozone Data, Await Fed
Global stocks were mixed Tuesday as Wall Street wavered ahead of fresh interest-rate signals from the US Federal Reserve, and new data showed that the eurozone dodged recession at the end of last year.
Buried In Massive Debt, Italy Puts Crown Jewels Up For Sale
Prime Minister Giorgia Meloni once declared Italy's postal service a "crown jewel" that must stay in state hands, but she is now selling a stake as part of a privatisation programme to tackle a huge public debt.
Britain Crypto Renaissance: How will UK market evolve and grow in 2024 With the New FCA Rules?
The new FCA rules coming into full effect on January 8 will create a more civilised and stable environment in the UK for crypto firms and traders.
Bullish or Bearish on Bitcoin? How Fluctuating Crypto Markets Influence Our Investing Decisions
Explore the impact of Bitcoin's market fluctuations on investing decisions in the dynamic world of crypto.
Can Elon Musk's Tesla Deliver Its 'ChatGPT Moment' Before it's Too Late?
A Tesla FSD beta tester slammed Musk's "Full Self-Driving" dream, claiming it is far from road-ready.
UK Govt To Plough Extra GBP1.3bn Into Nuclear Plant
The announcement from the Department for Energy Security and Net Zero late on Monday takes the level of state funding for the project in eastern England to more than GBP2.5 billion.
Web3 Gaming Trends in 2024: Utility-Driven Integration, iGaming Models and Web2.5 Impact
This year can finally be the year that Web3 gaming takes its much-awaited leap towards mainstream adoption. Let's dive into key trends.
Hong Kong Leads Asian Market Rally On China Support Hopes
Hong Kong led a rally across Asian markets Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.