Business & Tech

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Business & Tech

Coverage of business, technology, and finance, from global markets to the latest tech and AI news.

Hong Kong's economy will grow an average of 3% annually in real terms from 2027 to 2030, Financial Secretary Paul Chan says

Hong Kong finance chief tips up to 3.5% growth this year

Drinks group Diageo, the maker of Guinness stout, says it is facing mounting competition from cheaper brands in the United States as consumers confront cost-of-living pressures

Trendy drink in Europe

Guinness maker Diageo cuts outlook on weak US, China demand

Tech shares after investors viewed a presentation by Claude owner Antrhopic as less threatening than feared to incumbent technology companies

Tech shares rebound as markets weigh AI impacts

Novo Nordisk said the price reduction is meant to make it possible to reach more patients

Wegovy, Ozempic

Novo Nordisk to slash prices of weightloss drugs in US

Reddit said it plans to appeal the decision

Potential exposure to harmful content

UK fines Reddit nearly $20 mn over children's data failures

Donald Trump immediately imposed global tariffs of 10 percent after the Supreme Court ruling, before lifting them to 15 percent on Saturday

US stocks tumble on tariff fog, worries over AI

Despite stepping up investment into renewables Enel foresees increasing earnings per share in the coming years

"Ambitious plan"

Italy's Enel to invest 20bn euros in renewables by 2028

Brazil's President Luiz Inacio Lula da Silva burns incense as his wife Rosangela looks on during a state visit to Seoul on Monday.

Billion-dollar industry

South Korea and Brazil sign deals on K-beauty, trade

Rising copper prices have made several big mining companies bumper profits

Reduced demand for steel

Copper, a coveted metal boosting miners

Frenzied demand for generative AI has fuelled anxiety over the risks to society

Statement signed by 86 countries

Global summit calls for 'secure, trustworthy and robust AI'

The Lisa Burke Show

How to thrive in the age of Artificial Intelligence

During 12 years leading Xbox, Phil Spencer oversaw blockbuster studio buys and an evolution to video games being played just about anywhere players can get online

Xbox boss Phil Spencer retires as Microsoft shakes up gaming unit

Nvidia chief executive Jensen Huang has insisted that the AI chip powerhouse is commited to a big investment in ChatGPT-maker OpenAI

According to Financial Times

Nvidia nears deal for scaled-down investment in OpenAI: report

Stephen Miran remains among the most "dovish" Federal Reserve officials, meaning he tends to favor lower interest rates to boost the economy rather than higher levels to fight inflation

US Fed Governor Miran scales back call for rate cuts this year

Walmart CEO John Furner, shown here in 2022, is set to address Wall Street analysts for the first earnings report since he ascended to the post on February 1

Walmart outlines big AI ambitions as it reports mixed results

The plaintiffs are demanding a cessation of new hydrocarbon projects, a 37 percent reduction in oil production and a 25 percent reduction in gas production by 2030

Accused of offloading responsibility

TotalEnergies in high-stakes French trial over climate change

Spanish oil group Repsol hopes to boost its oil production in Venezuela by 50 percent over the coming year and triple it in three years

Repsol says could boost Venezuela oil output over 50% in 12 months

Tech shares sold off on worries about the AI data center building boom

Future of digital storage

Laser-written glass can store data for millennia, Microsoft says

The AI Impact Summit is seeking consensus on how the world should handle artificial intelligence

Striving for AGI

Summit photo op fails to unite AI startup rivals

Meta CEO and Chairman Mark Zuckerberg arrives at Los Angeles Superior Court ahead of the social media trial tasked to determine whether social media giants deliberately designed their platforms to be addictive

Anticipated witness

Zuckerberg grilled over underage users at social media trial

Walmart CEO John Furner, shown here in 2022, is set to address Wall Street analysts for the first earnings report since he ascended to the post on February 1

$1 trillion market value

Walmart results expected to highlight big plans for AI

Iran's Foreign Minister Abbas Araghchi (C) has said Tehran is hopeful that talks with the United States would "lead to a sustainable and negotiated solution"

Oil prices jump on toughening US posture on Iran as US stocks advance

Molten copper at a Glencore refinery in Montreal, Canada

Glencore still open to 'mega-miner' deal after Rio collapse

Sports data firms offer increasingly detailed stats on players -- for their coaches or their opponents

Valuable numbers

New tech and AI set to take athlete data business to next level

This week's AI Impact Summit is the fourth annual international gathering to discuss how to govern the fast-evolving technology

US tech giants announce India deals at AI summit

Talent shortage or record unemployment: Which is the real crisis in Luxembourg?

Workers dismantle discarded monitors at 'Ecowork', an e-waste recycling facility in Ghaziabad, India

One man's trash...

Junk to high-tech: India bets on e-waste for critical minerals

Agriculture is the backbone of India's rural-driven economy, employing more than 700 million people

Struggling farmers find hope in India co-operative

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