As concerns grow over potential U.S. tariffs on Chinese goods, India’s central bank appears ready to allow the rupee to weaken in tandem with the Chinese yuan to maintain trade competitiveness. This policy approach aims to cushion the Indian economy from potential shocks in global trade flows. The Reserve Bank of India (RBI), according to…
The Asian Development Bank (ADB) has announced a major shift in its approach to climate finance, set to increase its climate-related lending by up to $7.2 billion, thanks to historic sovereign guarantees provided by the United States and Japan. This landmark initiative, the first instance of sovereign guarantees being applied specifically to climate finance, marks…
In the lead-up to the 2024 U.S. presidential election, OpenAI’s ChatGPT tool blocked over 250,000 attempts to generate images of candidates, aiming to curb misuse of generative AI that could spread misinformation. The blocked image requests included prominent figures like President-elect Donald Trump, Vice President Kamala Harris, President Joe Biden, and Vice President-elect JD Vance,…
IKEA, the world’s largest furniture brand, has fortified its supply chain to better withstand potential trade disruptions, a move prompted by recent global uncertainties and anticipated trade policies under Donald Trump’s leadership. As companies worldwide brace for shifts in international trade rules, Inter IKEA, the owner and supplier of IKEA products, shared insights into its…
Tesla’s stock rallied sharply on Friday, pushing its market valuation above the $1 trillion mark for the first time in over two years. The electric vehicle (EV) giant’s surge followed investor optimism that the recent U.S. election results might lead to favorable regulatory conditions for CEO Elon Musk’s ambitious autonomous vehicle projects. Shares of Tesla…
As President-elect Donald Trump prepares for his return to the White House, sources suggest a potential shift in NASA’s goals, with the agency expected to prioritize Mars over the moon in its human exploration missions. This change would elevate Elon Musk’s vision of reaching Mars—a goal that has been central to SpaceX’s ambitions—and may reshape…
Sony Group Corp. reported a remarkable 73% surge in operating profit for the July-September quarter, largely fueled by the strong performance of its game and network services segment. This success helped offset a downturn in its movie business, impacted by delayed releases tied to the Hollywood strikes. Despite challenges, Sony remains optimistic about its financial…
U.S. manufacturing activity slumped in October, reaching a 15-month low as the sector grappled with continued challenges, including rising input costs and disruptions from labor strikes. The Institute for Supply Management (ISM) reported that its manufacturing Purchasing Managers’ Index (PMI) fell to 46.5, down from 47.2 in September. This is the seventh consecutive month that…
Walt Disney Company is taking a major step forward in harnessing the power of emerging technologies, including artificial intelligence (AI) and mixed reality (XR), with the creation of a dedicated Office of Technology Enablement. This new group, under the leadership of Jamie Voris, Disney’s former film studio CTO, is tasked with coordinating innovative technology projects…
Eurozone inflation surged more than anticipated in October, sparking new concerns among policymakers and market watchers about the potential impact on the European Central Bank’s (ECB) interest rate strategies. Inflation in the eurozone’s 20 countries climbed to 2.0% in October from September’s 1.7%, driven primarily by elevated food and energy costs, and surpassing the forecast…
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