By 2030, the United States may account for 20% of the world's output of the most sophisticated processors required to run artificial intelligence (AI) systems, said the nation's Secretary of Commerce Gina Raimondo at a gathering hosted by the Center for Strategic and International Studies. She...

Ahead of this week's G20 finance officials meeting in Sao Paulo, Brazil, U.S. Treasury Secretary Janet Yellen will say at a news conference on Tuesday that robust U.S. economic growth has been a "key driver" of better than expected global growth.   According to Treasury-released portions of...

Although core consumer inflation in Japan fell for a third consecutive month in January, it nevertheless above estimates and remained at the central bank's target of 2%, maintaining hopes that negative interest rates will cease by April.   According to data released on Tuesday by the...

On February 26, Bitcoin hit $57,000, its highest level in more than two years. According to CoinDesk, the cryptocurrency increased by 9% to momentarily cross the $57,000 mark for the first time since November 2021. After that, it declined again to roughly $56,500 levels.   According to...

The biggest luggage manufacturer is looking into a number of possibilities, such as a sale with delisting. According to Bloomberg, which cited sources, Samsonite International SA, the largest suitcase manufacturer in the world, is evaluating its options for strategic business development following...

US bank Goldman Sachs Group revised the Federal Reserve's (Fed) federal funds rate trajectory for 2024 in light of recent remarks made by Fed officials and the meeting minutes from January. Rather of the five cuts that Goldman had originally anticipated, the rate will now be lowered four times in...

Taking a page from Japan's playbook, South Korea's financial regulatory authority outlined steps to enhance corporate governance on Monday in an effort to eliminate the "Korea discount" and strengthen its undervalued domestic markets.   Details of the "Corporate Value-up Programme," which...

The world's leading energy trading houses are facing an increasingly pressing issue as they get ready for the largest annual industry gathering this week in London: what to do with their cash.   The majority of trading houses, which are run by their workers and privately held, don't share a...

The Asian Development Bank (ADB) stated in a research released on Monday that while a European Union plan to put tariffs on high-carbon imports may harm emerging Asian nations, it is unlikely to result in significant reductions in greenhouse gas emissions.   Concerns that a sizable portion...