Bank of Mexico Slashes Key Interest Rate Again, Signaling More Cuts on the Horizon ‘If Conditions Allow’

Nov 14, 2024 21:54 pm UTC| Economy Business

The Bank of Mexico lowered its benchmark interest rate by 25 basis points on Thursday, marking its third consecutive rate cut. This decision reflects progress in managing inflation and signals that additional rate...

‘Fed’s Rate Cuts Can Wait,’ Powell Declares as Economy Stays Strong and Inflation Lingers

Nov 14, 2024 21:51 pm UTC| Economy Business

Federal Reserve Chair Jerome Powell announced on Thursday that the U.S. central bank does not feel pressured to hastily reduce interest rates, given the countrys solid economic growth, a resilient job market, and inflation...

OpenAI’s Game-Changing ‘Thinking’ Model Redefines AI Development: ‘Scaling Up Is No Longer Enough'

Nov 14, 2024 21:48 pm UTC| Economy Business

Artificial intelligence companies like OpenAI are rethinking their approach to AI development as traditional scaling methods hit technical and practical limitations. Facing power shortages, soaring data demands, and...

AMD Cuts 1,000 Jobs Amid Declining Gaming Sales and Lower-than-Expected Revenue Outlook for Q4

Nov 13, 2024 13:12 pm UTC| Technology Business Economy

AMDs global workforce sees a 4% reduction after the companys Q3 results fell short of expectations, driven by a dramatic 69% drop in gaming revenue. This layoff decision is part of AMDs strategy to focus on high-growth...

The Trump presidency could hammer global growth – here’s what the UK could do

Nov 13, 2024 12:33 pm UTC| Insights & Views Economy

Donald Trumps victory in the US presidential election has brought big questions about what it means for Nato, Ukraine, the Middle East and, of course, global trade. Faced with the threat of protectionism, and outside the...

A new plan aims to fix the UK’s ‘broken’ food system –but here’s what the strategy overlooks

Nov 13, 2024 12:33 pm UTC| Insights & Views Economy

Two-thirds of the UK population are either overweight or obese a crisis that costs billions each year in healthcare and lost productivity. Yet, in a 2021 review of nearly 700 obesity-related policies in England,...

Tencent’s Q3 Profit Rockets 47% as Gaming and AI Surge Despite Revenue Hitting a Snag

Nov 13, 2024 11:13 am UTC| Technology Business Economy

Tencent Holdings Ltd delivered a striking 47% profit leap in Q3, reaching 53.23 billion yuan, with major boosts from gaming, AI tools, and high-demand ad services. Revenue rose to 167.19 billion yuan but fell slightly...