As the COP29 summit convenes in Azerbaijan, a significant early announcement has brought a hopeful boost to ongoing negotiations. Major development banks, including the World Bank, pledged to increase their funding for developing nations struggling with the devastating impacts of climate change. Their joint commitment aims to raise financing for climate-related projects to $120 billion…
Tencent, the Chinese social media and gaming giant, reported robust third-quarter results on Wednesday, surpassing analysts’ expectations with significant growth in its gaming, cloud services, and advertising divisions. The company’s impressive performance signals its continued dominance in the rapidly evolving digital landscape, with new developments in artificial intelligence (AI) and mini-program e-commerce further driving its…
Alibaba has recently unveiled its new artificial intelligence-powered search tool, Accio, designed to transform the way small businesses in Europe and the Americas find and source supplies. Named after a summoning spell from the Harry Potter series, Accio aims to leverage advanced AI technology to make the wholesale procurement process more efficient and insightful for…
Alibaba Group, China’s leading e-commerce giant, has reported a “robust growth” in sales and an all-time high number of shoppers during the Singles’ Day event this year, a shopping festival that has expanded far beyond its traditional one-day event on November 11. However, despite the positive growth indicators, the overall results for the 2024 Singles’…
Japanese tech conglomerate SoftBank has reported significant gains in its Vision Fund division, marking a comeback fueled by strategic shifts toward artificial intelligence (AI) and aggressive share buybacks. The company logged a 608.5 billion yen ($3.96 billion) gain in its Vision Fund tech investment arm for the second fiscal quarter ending September 30, 2024, following…
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…
As former President Donald Trump re-enters the political scene, his bold economic vision on tariffs has become a cornerstone of his campaign. He has promised sweeping tariffs on imports, ranging from 20% on goods entering the U.S. to 60% on Chinese imports, and even floated the possibility of a 200% tariff on certain cars. This…
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…
business-gurus.com 