US Treasury Secretary Janet Yellen reiterated that currency intervention should be a seldom-used tool that officials give fair warning about when they resort to it. from Bloomberg Politics https://ift.tt/oImt4qT
CEO Jensen Huang declared the beginning of a new industrial revolution where Nvidia was helping turn $1 trillion of data centers into “AI factories,” as its already meteoric stock topped $1,000. https://www.wsj.com/articles/nvidia-nvda-q1-earnings-report-2025-94306f1f
Chinese stocks fell and were on course for a weekly underperformance relative to developing-nation peers as investors bet a rally in the $9.3 trillion market has run its course and stronger stimulus is needed to catalyze further gains. from Bloomberg Markets https://ift.tt/1wDNI5U
The funeral for Iran’s president drew foreign dignitaries and large crowds as the sanctions-hit government seeks to show it still has supporters. https://www.wsj.com/articles/irans-leaders-aim-to-show-they-arent-isolated-at-presidential-funeral-2ab13b9b
The US Justice Department, joined by a group of states, will sue Live Nation Entertainment Inc. for antitrust violations related to Ticketmaster’s unrivaled control of concert ticket sales. The dispute will seek remedies including breaking up Live Nation. Alex Webb reports on Bloomberg Television. from Bloomberg Markets https://ift.tt/5eCG8uj
Industries worldwide are rapidly advancing towards implementing new revolutionary technologies such as blockchain and artificial intelligence (AI) to transform processes of operation. However, the world of scientific publishing has been stuck in the past, trapped by traditional systems that impose high fees for users, biased review processes, and more restricted access to the entire peer…
Estonia accused Russian border authorities of removing buoys on the Narva River that separate the two countries’ territories. from Bloomberg Politics https://ift.tt/T2pPvZm
The trade spat with China over electric vehicles should serve as a clarion call for Europe to be less complacent, Ferrari NV Chief Executive Officer Benedetto Vigna said. from Bloomberg Markets https://ift.tt/4DnAc9Y
The military manoeuvres come three days after William Lai was sworn in as Taiwan’s president. https://ift.tt/gVu7Aax May 23, 2024 at 01:09PM
Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines, according to the head of a local producer. from Bloomberg Markets https://ift.tt/L8ZpyCQ