Worldwide Debt Soars to Unprecedented $313 Trillion, According to Institute of International Finance
In a remarkable reflection of the global economic landscape, worldwide debt levels have surged to a historic peak of $313 trillion in 2023, as reported by the Institute of International…
Microsoft and Intel Forge $15 Billion Deal for Custom Chip Production
Microsoft has entered into a strategic partnership with Intel, a deal valued at over $15 billion, aimed at producing custom chips designed by Microsoft using Intel’s cutting-edge 18A process technology.…
ChatGPT Introduces Memory for Enhanced Personalization
OpenAI introduces a new feature in ChatGPT, integrating a “memory” feature to enhance user experience, aiming for greater intuitiveness and user-centricity. This enhancement aims to transform the user experience by…
Bank of Korea Governor Resists Premature Interest Rate Cut Discussions
Bank of Korea (BOK) Governor Rhee Chang-yong stands firm against the anticipation of an imminent interest rate reduction, despite a board member’s suggestion of a potential policy easing within the…
Bioptimus begins pioneering AI journey in biology with $35M funding.
In the heart of Paris, a burgeoning startup is carving its path at the intersection of biology and artificial intelligence. Bioptimus, an emerging generative AI firm, is poised to revolutionize…
S&P Foresees 9% Ringgit Recovery by Year-End
S&P Global Ratings has projected a notable 9% appreciation in the Malaysian ringgit by the conclusion of this year, emphasizing that the currency’s current weakness does not threaten the nation’s…
Tesla Faces Opposition from German Locals for Factory Expansion
Tesla faces an unexpected setback as the inhabitants of Grünheide, a small town in Brandenburg, Germany, have decisively voted against the company’s ambitious plans to enlarge its already sprawling ‘gigafactory‘.…
China’s Moonshot AI hits $2.5B valuation, raises $1B for context-focused LLM.
In an unprecedented move that has propelled the global AI race forward, Moonshot AI, a nascent but groundbreaking artificial intelligence startup from China, has successfully secured over $1 billion in…
January Meeting Minutes Reveal Fed’s Concerns Over Premature Rate Cuts
During the Federal Reserve‘s January 30-31 meeting, the majority of policymakers expressed apprehensions about the potential risks of reducing interest rates prematurely, amidst widespread uncertainty regarding the optimal duration for…
India boosts space sector investment by increasing foreign funding limits
New Delhi, 22 Feb – India has ushered in a pivotal update to its foreign direct investment (FDI) policy within the space sector, aiming to magnetize global investors and corporations.…
Over 80% of Economists Predict BOJ Will End Negative Interest Rates in April
In a significant policy shift that marks the end of an era, more than 80% of economists surveyed by Reuters anticipate the Bank of Japan (BOJ) will terminate its eight-year-long…
Capital One’s Bold Move: Acquiring Discover to Reinvent the Payments Landscape
Capital One has recently unveiled a monumental $35.3 billion acquisition of Discover Financial, marking a strategic maneuver aimed not only at expanding its market share but also at safeguarding its…
PhonePe aims to rival Google Play in India but faces challenges ahead.
In a bold move set to reshape India’s app ecosystem, Walmart-backed PhonePe is gearing up to launch its very own Android app store this week. The innovative platform promises to…
Beond Airline Elevates Luxury Travel with Apple Vision Pro Headsets
Beond has announced an unparalleled upgrade to its inflight entertainment system by offering Apple Vision Pro headsets to passengers. This novel initiative, set to launch in July 2024, positions Beond…
Vietnam Stocks Shine Bright Amid Regional Challenges
Vietnam‘s stock market has emerged as a beacon of resilience, outpacing its regional counterparts and attracting a trickle of foreign investment for the first time in months. Despite the looming…
Regulatory Investigation Unveils $241 Million Accounting Discrepancy at Zee
India’s market regulator has uncovered a significant hole of more than US$240 million in the accounts of Zee Entertainment Enterprises Ltd, dealing yet another blow to the beleaguered media conglomerate.…
TikTok Expands into Virtual Spaces with Innovative App for Apple Vision Pro
TikTok has launched a specially designed app for Apple’s Vision Pro headset. This strategic development not only showcases TikTok’s commitment to innovation but also offers users a novel and enriched…
Dollar Dips, Stocks Slide Amid Diminished Rate Cut Expectations
On Tuesday, both the dollar and stocks experienced a downturn in New York and London, with fading optimism regarding imminent interest rate cuts by central banks weighing heavily on market…
Singapore to spend S$100 million to better upgrade fibre network to 10Gbps starting mid-2024.
In a bid to bolster its digital infrastructure, Singapore has announced a substantial investment of up to S$100 million (US$74.3 million) to upgrade its nationwide broadband network. The ambitious plan,…
Amazon’s Inclusion in the Dow Jones Industrial Average Signals Shift in Consumer Retail Landscape
In a significant move, Amazon is poised to join the esteemed Dow Jones Industrial Average, marking a pivotal moment in the evolution of the index. The decision, announced by S&P…