According to data published by the Office for National Statistics on Wednesday, 17 April 2024, consumer prices increased by 3.2%, which is slightly less than the recorded 3.4% in February 2024. These records further indicated that core inflation, which does not include food, energy, or tobacco, dropped from 4.5% to 4.2%. A Reuters poll predicted…
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The share price dropped by more than 2%, while the overall S&P 500 declined by just 0.2% on the same day. JNJ reported sales of $21.38bn in the first quarter of 2024, which represents a 2% increase on a year-on-year basis. The firm’s net income rose by close to 4%, giving a total of $6.58bn,…
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According to an Austrian Broadcasting Corporation (ORF) radio report, Benko allegedly deceived a local bank about the financial standing of Signa in renewing a €25m loan. Reuters reported that the property tycoon’s lawyer, Norbert Wess, confirmed this investigation and said that Benko was notified “some time ago”, but maintains that the accusations are “unfounded”. The…
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This move risks the continued support of the International Monetary Fund (IMF) and hampers the resolution of the country's ongoing debt issues. In the wake of this news, Sri Lanka's bonds dropped by 2.5 cents. According to Reuters, Udeeshan Jonas, a chief strategist at CAL Group, said: "Completing the IMF review by June becomes difficult…
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The tech company will receive as much as $6.4bn from the US Department of Commerce to realise this development. Based on CNBC information, this funding is part of the capital dedicated to the overall cluster, and the scheme might exceed $40bn. The CHIPS and Science Act, which aims to revive the local manufacture of computer…
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Nagasaki will steer the ChatGPT maker’s commercial and marketing efforts and grow the company’s Global Affairs, Go-to-Market, Communications and Operations in Japan. OpenAI published the statement on Sunday, 14 April 2024 and wrote: As we grow our operations internationally, we’re expanding into Asia with a new office in Tokyo, Japan. The organisation indicated that this…
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Everyone – from investors and consumers to authorities and analysts – anticipated inflation relief. Instead, price stresses continued, and, following the confirmed information, the Dow Jones Industrial Average lost almost 500 points when it dropped by 2.4%. CNBC quoted Jason Furman, a Harvard economist, who commented: Fool me once, shame on you. Fool me twice,…
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The firm recently faced economic challenges that tripped up its growth. In 2022, Amazon axed more than 27,000 jobs, the largest in the company’s history. These organisational moves are ongoing, and in 2024, the company trimmed its cloud computing, Prime Video, and Twitch segments. Jassy, who took over when Jeff Bezos stepped down in 2021,…
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The private aerospace company divulged its intention when discussing the maiden flight of its spaceplane and the escalation of its satellite footprint. According to a CNBC Manifest Space interview with Sierra Space’s CEO Tom Vice, the Eclipse satellite initiative will handle missions in the low-earth and cis-lunar orbits. Yahoo Finance reported that the company wants…
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That hamstrings businesses wishing to maximise AI technologies and innovations internationally and across local borders. Yahoo Finance reports that in Utah, for instance, legislators are pondering whether select companies should disclose non-human interaction with customers. Connecticut lawmakers are considering regulations for lesser transparency regarding so-called "high-risk" AI applications. Don’t miss out the latest news, subscribe…
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