Pentagon to explore feasibility of ocean-floor mineral refining in U.S., according to documents seen by the Journal, amid concerns over China’s control of key minerals. https://www.wsj.com/articles/congress-to-fund-u-s-deep-sea-mining-project-8c930869
Robin Li, the CEO of Baidu said artificial intelligence that is smarter than humans, or AGI, is more than 10 years away. https://www.cnbc.com/2024/05/23/artificial-general-intelligence-more-than-10-years-away-baidu-ceo.html
Goswami Infratech Pvt., issuer of India’s biggest ever high-yield rupee corporate bond, has won a temporary reprieve from creditors on a payment that was due on the note this month, according to people familiar with the matter. from Bloomberg Markets https://ift.tt/xMZ9AHz
New York City’s tax revenue generated by tourists has surpassed pre-pandemic levels as a jump in US visitors helped offset a drop in international and business travel. from Bloomberg Markets https://ift.tt/60D9JUI
Net migration to the UK fell last year, a boost for Prime Minister Rishi Sunak as he puts cracking down on overseas arrivals at the heart of the Conservative campaign for the July 4 general election. from Bloomberg Politics https://ift.tt/YUpc5EV
Germany led a continued recovery in eurozone economic activity in May, according to the latest business surveys, adding to signs that global growth is becoming less reliant on the U.S. https://www.wsj.com/articles/eurozone-rebound-continues-apace-as-germany-leads-recovery-surveys-show-fb9438ff
At least nine people were killed and dozens more were injured at a campaign rally in northern Mexico on Wednesday evening after a strong gust of wind toppled the stage. The rally was being held for long-shot presidential candidate Jorge Álvarez Máynez in the Mexican state of Nuevo Leon, according to The Associated Press. Máynez…
Israel said it would revive stalled cease-fire talks with Hamas after social media video showing female Israeli soldiers being abducted by the militants on Oct. 7 sparked a public outcry. from Bloomberg Politics https://ift.tt/L21aU5H
Gold futures fell 1.5% and MUFG’s year-end forecast of $2,350 an ounce now looks modest, but a correction downwards is expected with the metal now in overbought territory. https://www.wsj.com/articles/gold-edges-higher-investor-sentiment-bullish-a2e00408
The UK economy’s recovery lost some momentum in May as activity and price pressures in the services sector started to fade.S&P Global said its composite purchasing managers index slipped to 52.8 in May, down from a 12-month-high of 54.1 in April. The reading was below economists’ expectations of 54 with any score above 50 signaling…