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US stock markets have been booming this year -- despite the Iran war -- but analysts warn those gains are concentrated in the hands of the wealthy US stock markets have been booming this year -- despite the Iran war -- but analysts warn those gains are concentrated in the hands of the wealthy

Business

Strong US economy’s resilience to shocks tested by Iran war

"The economy is resilient, but it's also kind of precariously perched," said Mark Zandi, chief economist at Moody's Analytics.

1 hour ago
Alibaba has seen its core e-commerce business squeezed by price wars and sluggish consumption in China Alibaba has seen its core e-commerce business squeezed by price wars and sluggish consumption in China

Business

Chinese tech giant Alibaba posts profit drop amid AI drive

Chinese Alibaba said that net profit dropped by nearly a fifth during its most recent fiscal year, weighed by challenges and push into AI.

3 hours ago
Video game giant Tencent, one of China's top AI players, is competing with major rivals such as Alibaba and ByteDance Video game giant Tencent, one of China's top AI players, is competing with major rivals such as Alibaba and ByteDance

Tech & Science

China tech giant Tencent sees Q1 profit jump after AI bets

Chinese tech firm Tencent reported a 21 percent jump in quarterly net profit.

4 hours ago

Featured News

Nissan is being squeezed by US tariffs, the Middle East war and fierce competition from Chinese rivals

Business

Nissan expects return to profit after huge loss

Nissan projected Wednesday a small net profit this year after posting a huge loss for the second year running.

8 hours ago

World

AI rivalry overshadows push for guardrails at Xi-Trump talks: experts
Japan's blue-chip Nikkei 225 on Thursday finally broke through a record high set just before the country's asset bubble catastrophically burst in the early 1990s

Business

Asian stocks fall on US-Iran impasse, AI setbacks
Some people have described 'spiralling' into delusion while using ChatGPT, a phenomenon mental health experts are racing to understand

World

‘I applied to be pope’: Losing grip on reality while using ChatGPT
This photo illustration shows the social media platform X (former Twitter) app on a smartphone in Rio de Janeiro, Brazil on September 18, 2024

Tech & Science

Perplexed? The most reliable chatbots are not always the most popular

Perplexity AI is the most reliable chatbot for daily tasks, according to a recent assessment.

19 hours ago
A crop of fraudulent AI detection tools risk adding another layer of online deception.

Tech & Science

AI related fraud cases are increasingly challenging US cybersecurity
Photo courtesy of rawpixel.com on Magnific.

Tech & Science

Cybersecurity is now where the real heists happen – but are companies ready?
Photo by Dylan Gillis on Unsplash

Business

CEOs say their boards are rushing AI

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Prominent South Carolina lawyer Alex Murdaugh was sentenced to life in prison for the murders of his wife and son

World

New trial ordered for US lawyer convicted of murdering wife, son

A US court on Wednesday overturned the conviction of a prominent lawyer serving a life sentence for killing his wife and son in a...

34 minutes ago
Oil prices are at their highest levels since Russia invaded Ukraine in 2022 Oil prices are at their highest levels since Russia invaded Ukraine in 2022

Business

Nations drawing down oil stocks at record pace: IEA

Countries are tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions.

59 minutes ago
Analysts warn that a sustained increase in diesel prices will begin to have knock-on effects on other goods, as transportation costs increase Analysts warn that a sustained increase in diesel prices will begin to have knock-on effects on other goods, as transportation costs increase

Business

US wholesale prices jump 6.0% year-on-year in April, highest since 2022

Wholesale prices in the United States rose sharply in April, lifted by a surge in energy costs related to the Iran war, registering their...

59 minutes ago
About 60 percent of the Chilean capital's rubbish this century -- around 18,000 tons per day -- has ended up in Tiltil

World

The Chilean town living with the world’s most polluting dump

From afar, Chile’s Tiltil landfill almost resembles just another mountain, but the growing rubbish pile has created a daily nightmare of odors, flies and...

2 hours ago
Hantavirus: pour les experts, le défi d'informer sans réveiller la peur du Covid Hantavirus: pour les experts, le défi d'informer sans réveiller la peur du Covid

Life

For hantavirus, experts aim to inform without igniting Covid panic

The deaths of three cruise ship passengers during a rare hantavirus outbreak has sparked international alarm.

3 hours ago
Kevin Warsh has had a tumultuous relationship with the economic behemoth he now heads Kevin Warsh has had a tumultuous relationship with the economic behemoth he now heads

Business

Kevin Warsh returns to Federal Reserve with ‘regime change’ agenda

The 56-year-old native of upstate New York left his first term on the board prematurely in 2011, griping over policy differences.

3 hours ago
SoftBank is advancing its push to build AI data centres, announcing plans in March for a major new gas-fired power plant in the US state of Ohio to supply them with energy SoftBank is advancing its push to build AI data centres, announcing plans in March for a major new gas-fired power plant in the US state of Ohio to supply them with energy

Tech & Science

SoftBank profit quadruples to $32 bn on AI investments

Japan’s SoftBank Group said Wednesday its annual net profit quadrupled to more than $30 billion, boosted by its investments in AI. Tech investor SoftBank,...

6 hours ago
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