Wednesday, November 13, 2024

June 12, 2024 5:35 PM

Fed expected to hold rates steady, project fewer cuts in 2024

The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank's policymakers likely to show fewer rate cuts this year and a delayed start to monetary policy easing. Fed offic...

June 12, 2024 4:47 PM

Myanmar poverty deepens, economic growth stagnant, World Bank says

Poverty in Myanmar is more widespread than at any time in the last six years and growth in the conflict-torn nation is likely to remain at a measly 1% in the current fiscal year with little respite in sight, the World Bank said on Wednesday. Escalat...

June 12, 2024 1:47 PM

How Apple used Google’s help to train its AI models

On stage, on Monday CEO Tim Cook's Apple announced a splashy deal with OpenAI to include its powerful artificial intelligence model as a part of its voice assistant, Siri. But in the fine print of a technical document Apple published after the event...

June 12, 2024 12:50 PM

Northern India braces for severe heat wave, orange alert issued

The India Meteorological Department (IMD) has issued an orange alert, warning of a severe heat wave that is expected to grip several northern states over the next four days. According to senior scientist R.K. Jenamani, the states of Himachal Pradesh,...

June 12, 2024 11:32 AM

Indian stocks trade firm ahead of May inflation data release

Indian stock indices kicked off Wednesday's trading session on a positive note, with the Sensex and Nifty both up 0.3% and hovering just below their all-time highs. The bullish trend comes ahead of the highly anticipated release of India's May inflat...

June 10, 2024 3:47 PM

Euro and French markets roiled by shock Macron election call

The euro tumbled, while French bonds and stocks were hit hard on Monday, following French President Emmanuel Macron's decision to call a snap parliamentary election after being trounced in a European Union vote by the far right. The euro fell 0.5%...

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