Markets getting ahead of themselves on rate cuts and risk being ‘self-defeating,’ ECB member says
“We are optimistic that in the end we have a return to inflation to 2%…
World
China’s BYD launches AI-powered smart car technology to better compete with rivals
The world’s largest maker of electric cars BYD launched its smart car system on Tuesday.
Iran warns the U.S. not to ‘tie their destiny’ to the fate of Israel’s Netanyahu
Iran’s foreign minister says Washington’s full support for Israel is “the root of insecurity in…
Iran warns the U.S. not to ‘tie their destiny’ to the fate of Israel’s Netanyahu
Iran’s foreign minister says Washington’s full support for Israel is “the root of insecurity in…
Global shipping recession could end as freight rates soar on Red Sea troubles
The shipping industry has been in a recession, and some market watchers expect the recent…
China misses fourth-quarter GDP estimates, resumes posting youth unemployment data
GDP for the last three months of 2023 rose by 5.2%, missing analysts’ estimates of…
Russia-Ukraine war: List of key events, day 693
These are the main developments as the war enters if 693rd day.
US federal workers risk livelihoods in push for course change on Gaza war
Government employees call a ‘day of mourning’ in latest sign of internal discontent over Biden…
Top pharma CEO says preparedness for a new pandemic has not improved
Vas Narasimhan, CEO of Novartis, told CNBC that he didn’t believe there had been much…
Judge blocks JetBlue-Spirit merger after DOJ’s antitrust challenge
JetBlue’s proposed $3.8 billion purchase of discounter Spirit would have produced the country’s fifth-largest airline.
Protests distrupt Austrian Parliament
“Never again for anyone.” Dozens of protesters disrupted the Austrian Parliament calling for a ceasefire…
Burger King owner Restaurant Brands buys chain’s largest U.S. franchisee
Restaurant Brands International will spend about $1 billion to buy Carrols Restaurant Group, the largest…
OpenAI quietly removes ban on military use of its AI tools
OpenAI has quietly walked back a ban on the military use of ChatGPT and its…
Judge blocks JetBlue-Spirit merger after DOJ’s antitrust challenge
JetBlue’s proposed $3.8 billion purchase of discounter Spirit would have produced the country’s fifth-largest airline.
U.S. economy has already seen 75% of the impact from Fed’s hikes, IMF says
Europe has more follow-through from higher interest rates still to come, the IMF’s deputy managing…
Microsoft CEO Satya Nadella says global consensus on AI is emerging
Microsoft CEO Satya Nadella said there is a need for global coordination on AI and…
Ripple CEO calls U.S. SEC Chair Gary Gensler a ‘political liability’
Ripple CEO Brad Garlinghouse called U.S. Securities and Exchange Commission Chair Gary Gensler a “political…
Goldman Sachs tops revenue estimates on better-than-expected asset management results
Hope is building that Goldman Sachs can turn a corner after pivoting away from CEO…
Turkey court fines Somali president’s son for car crash that killed courier
Mohammed Hassan Sheikh Mohamud’s sentence was commuted to a fine of about $900.
Goldman Sachs tops revenue estimates on better-than-expected asset management results
Hope is building that Goldman Sachs can turn a corner after pivoting away from CEO…
