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American billionaire has a ‘message’ for Sam Altman: Wasting a lot of money
Billionaire Mark Cuban has raised concerns about OpenAI's business strategy. He believes the company is spending too much on infrastructure. Cuban suggests that rapidly advancing technology will make current investments unsustainable. He also doubts the long-term profitability of large AI models like ChatGPT. Internal tensions at OpenAI reportedly exist regarding cost control.
Hong Kong Weathers War Shocks With Fastest GDP Growth Since 2021
Hong Kong’s economy expanded at its fastest pace in almost five years, as old growth drivers like tourism and retail spending cushioned the blow from the global energy crisis caused by the war in Iran.
UP ends prepaid smart meters, shifts all power connections back to postpaid
UP ends prepaid smart meters shifts all power connections back to postpaid
लोगों ने जमकर खरीदी Royal Enfield, कंपनी ने बेच दी 1.13 लाख बाइक्स
Royal Enfield
Gratuity rises under new labour rules, but what if you quit before 5 years?
Gratuity rises under new labour rules but what if you quit before years
Bank of Mauritius Sees Inflation Breaching Target by Year-End
Inflation in Mauritius may breach the upper limit of the central bank’s target range this year as prolonged conflict in the Middle East raises the cost of imported goods, Bank of Mauritius Governor Priscilla Muthoora Thakoor said.
Automotive industry records ‘rebound’ from tax rises
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AB InBev toasts beer boost as it looks to World Cup summer
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EQT launches upped £8.9 billion takeover offer for Intertek
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Asia battles rising, uneven toll of energy crisis caused by Iran war
Governments in Asia, the top oil importing region, are scrambling to find alternatives and insulate their economies from the worst of the energy crisis triggered by the Iran war, but the pain is getting increasingly costly. The disruption spurred the Asian Development Bank to cut its growth forecast for developing Asia and the Pacific to 4.7 per cent this year and 4.8pc in 2027, down from 5.1pc for both years previously, and lifted its inflation outlook to 5.2pc for this year. Overall oil import...
'No proposal before the govt': Centre rules out relief for state oil firms
State-run fuel retailers will not receive government financial backing for losses incurred from selling petrol, diesel, and aviation turbine fuel below cost. Despite rising crude oil prices, the government has opted to shield consumers by not revising retail prices for these fuels, focusing instead on price adjustments for bulk diesel and commercial LPG.
Mozambique Weighs Swapping Dollar Debt for Yuan in China Talks
Mozambique is considering converting the $1.4 billion it owes China into renminbi loans as part of a debt restructuring with its biggest bilateral creditor, in line with similar moves by other African sovereign borrowers.
US-ईरान तनाव के बीच, अचानक क्यों ठप हुए इन 3 देशों के शेयर बाजार?
US
Kazakhstan continues OPEC+ work, no plans to leave organization — ministry
"The consequences of the UAE’s exit will likely remain to be seen, at this stage work is processing as usual," Sungat Yesimkhanov said
Russian stocks down as main trading session opens
According to trading data as of 10:00 a.m. Moscow time, the MOEX and RTS indices slipped by 0.08% to 2,618.72 and 1,093.54 points, respectively
India among most resilient large EMs, better placed for future global shocks: Moody’s
In its latest study on emerging-market sovereigns, the agency notes that India has ranked among the more resilient economies since 2020, based on multiple indicators such as sovereign bond spreads, domestic yield movements, and exchange-rate stability.
HSBC profits worse than forecast after jump in bad debt provisions
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JPMorgan's Faller Says Prepare for Shocks Even as Equities Rise
Madison Faller, investment strategist at JPMorgan Private Bank, says the economic backdrop is resilient and that earnings growth will drive markets higher, as long as the war in the Middle East doesn't flare up again. "So that means positioning for upside, but also I think allocating toward shock absorbers," Faller tells Bloomberg Television. (Source: Bloomberg)
French Trade Minister: 'We'll No Longer Be Naïve'
The French Trade Minister argued the EU will use tools if Donald Trump makes excessive threats to strategic industries, and is seeking to build a more ‘predictable’ trade relationship with the US. Nicolas Forissier spoke exclusively to Bloomberg TV ahead of France presiding a meeting of G7 Trade Ministers in Paris on Wednesday. (Source: Bloomberg)
Inflation Pushes Bonds to Breaking Point: 3-Minutes MLIV
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV . (Source: Bloomberg)