In addition, Kuwait hosted a major joint meeting between the GCC and the United Kingdom in October focused on a...
- Dubai, United Arab Emirates - AD Ports Group of the United Arab Emirates (UAE) signed a $22 million agreement Thursday...
Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it would invest $5 billion in its struggling..."This marks a fusion of two world-class platforms," said Nvidia CEO Jensen Huang. "Together, we will expand our ecosystems and lay the foundation for the next era of computing."
The Trump administration surprised the tech industry last month by taking a 10 percent equity stake in Intel, recognizing the strategic importance of the company
Nvidia announced a $5 billion investment in struggling US rival to jointly develop chips for PCs and data centers. The...Investors were also reacting to Wednesday's US central bank decision to lower rates by 25 basis points, its first cut of the year.
The decision to cut came even as US inflation runs well above policymakers' two-percent target, but analysts said the main focus was on the jobs market.
Fed Chair Jerome Powell stressed that the central bank remains "strongly committed" to maintaining its independence from politics, however, when...Fed Chair Jerome Powell stressed that the central bank remains "strongly committed" to maintaining its independence from politics
He added that the Fed was "right to wait and see how tariffs and inflation and the labor market evolved" before lowering rates
- Paris, France - Scientists said Wednesday that they had created an AI model able to predict medical diagnoses years in...
Based on a patient's case history, the Delphi-2M AI "predicts the rates of more than 1,000 diseases" years into the future
Researchers trained the model on data from Britain's UK Biobank -- a large-scale biomedical research database with details on about half a million participants
- The 2025 edition of the World Trade Report reveals that, with the right enabling policies, artificial intelligence (AI) could boost...
According to the report, AI could lead to significant increases in trade and GDP by 2040, with global trade projected to rise by 34-37% across different scenarios
Trade can be a powerful enabler of inclusive AI -supported growth by helping economies access AI-enabling goods, such as raw materials, and semiconductors
- The US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday, but it battles...
There is little doubt that the US central bank will lower rates at the end of its two-day policy meeting, and markets widely expect a 25 basis points reduction
Typically, the Fed might be inclined to keep rates at a higher level to bring inflation back to its two-percent target -- or slash rates to support a weakening labor market
- Asian stocks rose again Tuesday to extend another record day on Wall Street as traders locked in bets on a...
While the outcome of the Federal Reserve's policy decision Wednesday is considered a fait accompli, there is still a lot of discussion over its plans for future meetings
Bank boss Jerome Powell's post-meeting comments will also be pored over for an idea about decision-makers' thinking as the US jobs market slows
- The Fed's likely move would follow a monthslong push from President Donald Trump to slash rates, and comes amid growing...
Since the bank's last reduction in December, it has held interest rates at a range between 4.25 percent and 4.50 percent as policymakers monitor the effects of Trump's sweeping tar
Analysts now broadly expect a 25 basis points rate cut at the end of its two-day meeting on Wednesday, as hiring slows.
- Turkey's central bank on Thursday cut its policy interest rate for a second meeting in a row as the country's...
Turkey's central bank had raised its key interest rate to 46 percent in April after protests over the jailing of Istanbul's powerful opposition mayor
The bank decided to reduce it again on Thursday to 40.5 percent -- a bigger cut than the two-percentage-point reduction expected by analysts
Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production,...Eight key members of OPEC+ group, including Saudi Arabia and Russia, have been gradually increasing production since April after restricting output in recent years.
Non-OPEC+ nations have also been raising their output, with the IEA saying production from the United States, Brazil, Canada, Guyana and Argentina was "at or near all-time highs".
