Category: finance
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Global AI Boom Triggers Severe Memory Chip Shortage, Disrupting Tech Supply Chains**
The rapid global acceleration of artificial intelligence development is now fueling a critical shortage of memory chips, creating an intense scramble across the technology and consumer-electronics industries. Companies from smartphone manufacturers to cloud-computing giants are competing for limited supplies of the essential components that power everything from AI training clusters to everyday mobile devices. Industry
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Fed Data Signals the Central Bank May Finally Be Turning a Profit Again
After nearly three years of operating at a financial loss, new data indicates that the U.S. Federal Reserve may have begun making money again. The shift marks a major turning point for the central bank, whose balance sheet was heavily strained by its pandemic-era policies and aggressive interest rate hikes aimed at fighting inflation. Recent
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UN Warns AI Could Deepen Global Inequality, Triggering a New ‘Great Divergence’
A new report from the United Nations has raised alarms over the global impact of artificial intelligence, warning that the technology could widen inequality between wealthy and developing nations unless governments take urgent, coordinated action. The report, titled “The Next Great Divergence,” was published by the United Nations Development Programme (UNDP) Asia and Pacific regional
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Canada’s Q3 GDP Surges 2.6% Amid Crude Oil Exports and Government Spending
Canada’s economy grew at a faster-than-expected pace in the third quarter of 2025, with annualized GDP growth of 2.6%, Statistics Canada reported Friday. The growth surprised economists who had forecast a modest 0.5% increase, raising hopes that the country has avoided a technical recession after a revised contraction of 1.8% in the previous quarter. What
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UK Chancellor Unveils Major Tax Hikes Amid Forecast Leak Controversy
United Kingdom Chancellor of the Exchequer, Rachel Reeves, has announced sweeping tax increases totaling £26.1 billion ($34.4 billion) in her latest budget, aimed at stabilizing public finances amid slowing economic growth. The announcement comes in the wake of a highly embarrassing forecast leak by the Office for Budget Responsibility (OBR), which prematurely published economic projections,
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JP Morgan Now Expects Federal Reserve Rate Cut in December
BENGALURU, India – J.P. Morgan has revised its outlook for U.S. monetary policy, now predicting that the Federal Reserve (Fed) will implement a 25-basis-point interest rate cut in December, reversing its earlier expectation of holding rates steady until January. The shift in JP Morgan’s forecast follows recent comments from key Fed officials, including New York
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Pentagon Considers Adding Alibaba, Baidu, and BYD to China Military-Linked Companies List
WASHINGTON, D.C. – The Pentagon has reportedly concluded that Chinese tech and manufacturing giants Alibaba Group Holding (9988.HK), Baidu Inc (9888.HK), and BYD Co (1211.HK) should be added to the U.S. Department of Defense’s list of companies that aid the Chinese military, according to Bloomberg News. Deputy Defense Secretary Stephen Feinberg notified U.S. lawmakers of
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China’s Tech Giants Move AI Model Training Overseas to Access Nvidia Chips
BEIJING, China – Leading Chinese technology firms are increasingly training their artificial intelligence (AI) models abroad to gain access to Nvidia chips, circumventing U.S. restrictions aimed at limiting China’s advancement in advanced technology, according to a report by the Financial Times. Companies such as Alibaba (9988.HK) and ByteDance are reportedly leveraging data centers in Southeast
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Alibaba Launches Quark AI Glasses in China, Enters Global AI Wearables Market
SHANGHAI, China – Alibaba Group (9988.HK) officially launched its Quark artificial intelligence (AI) glasses in China on Thursday, marking the company’s bold entry into the growing AI wearables market. The move positions Alibaba against global tech giants such as Meta, Apple, Samsung, and Alphabet’s Google, which have dominated the AR and VR headset industries in
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French Antitrust Watchdog Dismisses Qwant Complaint Against Microsoft
PARIS, France – France’s antitrust authority, the Autorité de la Concurrence, has officially dismissed a complaint filed by local search engine Qwant against tech giant Microsoft. The complaint alleged that Microsoft abused its dominant market position, but the watchdog found that Qwant did not provide sufficient evidence to support its claims. Additionally, the Autorité declined
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