Australia

Nvidia backs little-known upstart in big Indian AI bet

Nvidia backs little-known upstart in big Indian AI bet

It's a muggy March afternoon in the suburbs of Mumbai and a group of men anxiously hover around the back door of a startup called Yotta Data Services. They walk, pause and worry. It's approaching midnight, 10 hours late, when a truck arrives with the precious cargo they've been waiting for: semiconductors from Nvidia Corp. ...

Trump predicts the end of democracy in the US, in case he loses the elections

Trump predicts the end of democracy in the US, in case he loses the elections

El Economista – Mexico City Donald Trump said on Saturday that If he doesn't win the November presidential election, it will mean the likely end of American democracy.. The Republican candidate made this claim in a speech to his supporters in Ohio, after repeating his baseless claim that the 2020 loss to Democrat Joe Biden ...

Yale made a change to its access policy.  We have to go back to being a '10' student

Yale made a change to its access policy. We have to go back to being a '10' student

Being an outstanding student is once again important to enter one of the most prestigious universities in the United States. Yale has made a change in its access policy and from now on it will once again take into account the candidates' grades, to the point that will make it mandatory to include in applications ...

US Senate will not fast-track TikTok divestment bill

US Senate will not fast-track TikTok divestment bill

Several US senators They want the Senate to take its time deciding whether to support a House bill. that would force the Chinese company ByteDance to divest from the social network TikTok within six months or face suspension. The House voted 352-65 on Wednesday, just eight days after the proposal was introduced. There is broad ...

Apple settles US$490 million over CEO's comments on sales in China

Apple settles US$490 million over CEO's comments on sales in China

The preliminary agreement was filed Friday in U.S. District Court in Oakland, California, and requires a judge's approval. Apple reached a $490 million settlement to resolve a class-action lawsuit alleging that the CEO, Tim Cook, had defrauded shareholders by hiding falling demand for iPhones in China. The preliminary agreement was filed Friday in U.S. District ...

Inflation moderates six tenths in February to 2.8% due to electricity and food

Inflation moderates six tenths in February to 2.8% due to electricity and food

The Consumer Price Index (CPI), the main indicator of inflation, moderated six tenths in February to 2.8%, the same as the eurozone average. due to the sharp drop in the electricity bill and the moderation in the price of the shopping basket, according to data confirmed today by the National Institute of Statistics (INE). The ...

S&P Global rating agency downgrades WOM's credit rating from 'B' to 'CCC'

S&P Global rating agency downgrades WOM's credit rating from 'B' to 'CCC'

Financial Diary – Santiago The S&P Global rating agency became the latest to downgrade its rating on WOMthus continuing to immerse itself in speculative investment territory, in view of the challenges presented by its desire to refinance a bond maturing at the end of the year. “S&P Global Ratings downgraded WOM's issuer credit rating from ...

Sports equipment giant Decathlon reorganizes its brand structure

Sports equipment giant Decathlon reorganizes its brand structure

decathlonin line with its objective of bringing sport to as many people as possible, has launched a reorganization of the structure of its brands and has renewed its corporate imagewhich includes a new logo called the orbit. The company is now committed to having a more simplified structure for its sports brands, which is divided ...

After the CPI result in the US, the idea of ​​​​an early FED rate cut is affected

After the CPI result in the US, the idea of ​​​​an early FED rate cut is affected

US core inflation beat forecasts for a second month in February, as prices for used cars, air travel and clothing rose, reinforcing the Fed's cautious approach to cutting interest rates. The so-called core consumer price index, which excludes food and energy costs, rose 0.4% since January, according to government data published yesterday. Compared to a ...

The IDB predicts that the region's growth will fall this year to rebound to 2% in 2025

The IDB predicts that the region's growth will fall this year to rebound to 2% in 2025

The Inter-American Development Bank, IDB, published its macroeconomic perspectives for Latin America and the Caribbean where future growth opportunities are highlighted. According to the report called “Ready to take off? Harnessing macroeconomic stability for growth”the region grew 2.1% in 2023, exceeding initial estimates of 1%, therefore, This growth is expected to slow to 1.6% in ...