Global World Economy

China Escalates Trade Tensions with US Through Retaliatory Metals Ban

December 3, 2024 China escalated its trade dispute with the United States by imposing a ban on exports of several critical materials with high-tech and military applications, including gallium, germanium, antimony, and superhard materials. This retaliatory move comes in response to new technology restrictions imposed by the Biden administration aimed at curbing China’s advancements in […]

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European Stocks Poised to Continue Tech-Driven Rally: Market Update

December 2, 2024 European stocks are set to build on a strong session in Asian markets, buoyed by tech-driven gains on Wall Street and the realization that new U.S. restrictions on Chinese access to key chip and AI technologies are less severe than initially feared.   Euro Stoxx 50 futures climbed 0.4%, signaling a positive

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Justice Department to Seek Court Order for Google to Divest Chrome in Antitrust Battle: Report

Nov 18, 2024,08:04pm EST Justice Department to Push for Google to Divest Chrome in Antitrust Case  The U.S. Department of Justice (DOJ) is expected to urge a federal judge to order Google to divest its Chrome web browser, Bloomberg reports. This development comes amid a broader antitrust battle against the tech giant, following a ruling

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Stripe in Negotiations to Acquire Crypto Startup Bridge for $1 Billion

Oct 17, 2024 Months after co-founder John Collison announced “crypto is back,” fintech giant Stripe is reportedly in talks to acquire Bridge, a startup that specializes in infrastructure for crypto stablecoins, according to five sources familiar with the discussions, as reported by Forbes. The deal is said to be valued at $1 billion, according to

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Will China’s Massive Stimulus Package Influence the Global Economy?

September 26, 2024 Amid heightened economic anxieties within China, the government has proactively unveiled a substantial stimulus package aimed at reviving its economy. This plan includes a reduction in key interest rates and a variety of supports targeted at the real estate and stock markets. This strategic move emerges as central banks worldwide continue to

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Microsoft’s Massive AI Investment Predicted to Generate Over $100 Billion in Data Center Leases

As Microsoft gears up for its quarterly earnings report this month, finance leases have become a critical metric for investors to watch.   Finance leases allow a company to spread the cost of an asset over several years instead of paying the full amount upfront. For a tech giant like Microsoft, which is aggressively expanding

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With AI, Dead Celebrities Are Working Again—And Making Millions

September 19, 2024 From voice cloning to “digital human” performances and immersive events, iconic celebrities like Judy Garland, James Dean, and Elvis Presley might have passed away, but their earnings are flourishing more than ever.   Imagine experiencing “The Legend of Sleepy Hollow” narrated by none other than James Dean himself. Despite his untimely death

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Google Spends $2.7 Billion to Bring Back Pioneer of Pre-ChatGPT AI Chatbot

Sep 25, 2024 In August, Google finalized a massive $2.7 billion deal with the AI chatbot startup Character.AI, ostensibly to acquire a license for using Character’s innovative technology. However, a Wall Street Journal report from Wednesday suggests a deeper motive: Google was keen on bringing back Noam Shazeer, a former employee and AI prodigy who

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Who Is Set to Be Japan’s Next Prime Minister?

Sep 25th 2024 In a year marked by unpredictable election results and dynamic political campaigns globally, the race for the leadership of Japan’s Liberal Democratic Party (LDP) might have flown under the radar. Yet, the outcome of this internal party vote on September 27th holds significant implications, as it will determine Japan’s next Prime Minister.

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Discover the MIT Professor Leading Eight Climate Startups with $2.5 Billion in Funding

Sep 19, 2024,06:30am EDT Massachusetts Institute of Technology (MIT) professor Yet-Ming Chiang, an avid fisherman, noticed significant changes in the species found in New England waters during the early 1990s, such as the shift from catching lobsters to mahi-mahi off Cape Cod, highlighting the palpable impacts of climate change. This observation catalyzed Chiang, inspiring him

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