Stories for you

  • BusinessAFP News

    Anxiety over Middle East hits global stocks

    Global markets mostly sank Tuesday after Israel's army chief vowed a response to Iran's attack on his country.While air defence systems destroyed the vast majority of the barrage and Iran said "the matter can be deemed concluded", Israel's army chief General Herzi Halevi warned that there will be a response, fuelling worries of an  escalation.

    4-min read
    Thanks for your feedback!
  • BusinessReuters

    AMD introduces AI chips for business laptops and desktops

    The chip designer said its latest Ryzen PRO 8040 Series is built for "business laptops and mobile workstations" while its AMD Ryzen PRO 8000 Series is a desktop processor for business users. These chips are expected to be available in platforms from HP and Lenovo starting in the second quarter of 2024, AMD said in a press release. AI-enabled PCs come with advanced chips capable of running large-language models and apps powered by the technology directly on the device, instead of the cloud.

    1-min read
    Thanks for your feedback!
  • BusinessAFP News

    Mideast-related oil price spike threatens 'relatively good' economic outlook: IMF chief economist

    The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF's "relatively good" outlook for the world economy, its chief economist told AFP. "We are projecting a global economy that is quite resilient for 2024," Pierre-Olivier Gourinchas said in an interview ahead of the publication of the International Monetary Fund's World Economic Outlook (WEO) report on Tuesday. "China is another example where you see an economy that is operating below potential," Gou

    4-min read
    Thanks for your feedback!
  • NewsReuters

    India likely to construct 5-8% more roads y/y in 2024/25 - ICRA

    India is expected to maintain current road construction momentum, adding up to 13,000 kilometres in the 12 months through March 2025, an annual increase of 5-8%, ICRA, the Indian arm of the Fitch ratings agency said on Tuesday. Since Prime Minister Narendra Modi took office in 2014, India has built about 90,000 kilometres of national highway, almost double that constructed in the previous decade, according to government estimates. Modi is hailing road infrastructure as a major achievement in

    1-min read
    Thanks for your feedback!
  • BusinessAFP News

    Chinese economy beats growth expectations in first quarter

    China's economy expanded far more than expected in the first quarter of 2024, data showed Tuesday, but disappointing retail and industrial figures suggested leaders face severe headwinds to hit their annual growth target.Reflecting those difficulties, last month also saw a fall in property prices in China's major cities, data showed.

    4-min read
    Thanks for your feedback!
  • BusinessReuters

    Startup Rivos raises $250 million to develop RISC-V AI chips

    Chip startup Rivos said on Tuesday it raised $250 million in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence. Nvidia's combination of chips and CUDA software dominates the market for AI-related computing, and Nvidia gobbled up more than 80% market share of AI chips in 2023.

    2-min read
    Thanks for your feedback!
  • NewsAFP News

    Brussels orders shutdown of right-wing meet targeted by protests

    Brussels authorities on Tuesday ordered the shutdown of a controversial gathering of hard-right European politicians, after it was targeted by online protesters and bumped from its first two choices of venue.The event was moved last-minute to a hotel in Brussels' European quarter -- but that too changed its mind on Monday night, apparently fearing disruption from the gathering.

    3-min read
    Thanks for your feedback!