AI ‘Will Cause Real Damage,’ Microsoft Chief Economist Warns
Artificial intelligence will be dangerous in the hands of unscrupulous people, according to Microsoft Corp. Chief Economist Michael Schwarz.
German Companies Abroad Are More Optimistic But Don’t See Boom
German companies operating abroad are more upbeat about the outlook than they were in the fall but there is little sign of a “genuine boom,” according to an industry lobby survey published on Wednesday.
Le Maire Says French Retailers Agree to Extend Price Cuts
French retailers have agreed to prolong efforts to charge the lowest possible amount for some essential food items as high consumer-price increases continue to hurt households, Finance Minister Bruno Le Maire said.
Chinese Stocks in Hong Kong Extend Losses With Tech Biggest Drag
Chinese stocks listed in Hong Kong fell for a second day, with technology names being the biggest drag ahead of a Federal Reserve decision where policymakers are expected to hike rates.
Turkey Gets More Reprieve From Inflation With Dive Below 50%
Turkey’s inflation slowed below 50% for the first time in over a year, with risks for price stability rising as the country goes to the polls in less than two weeks.
Turkey Gets More Reprieve From Inflation With Dive Below 50%
Turkey’s inflation slowed below 50% for the first time in over a year, with risks for price stability rising as the country goes to the polls in less than two weeks.
Germany Can Rebuild Gas Stockpiles Without State Help This Year
Germany can rebuild its natural gas stockpiles this summer without a repeat of the state intervention that came during the peak of the energy crisis, according to Trading Hub Europe GmbH.
ByteDance Scraps Free Tier of Resso Music Streaming Service
TikTok owner ByteDance Ltd. is scrapping the free tier of Resso, its music streaming service for emerging markets.
Brent Oil Extends Drop Below $75 as Demand Concerns Escalate
Oil fell below $75 a barrel for the first time since March, extending a 5% drop on Tuesday as the prospect of a US recession weighed on the outlook for demand and investors shunned riskier assets.
Traders Are Flocking to US Stocks on Earnings, Citigroup Says
Investors turned more optimistic on US equities in the week before Wednesday’s Federal Reserve rate decision as a better-than-feared earnings season supported sentiment, according to Citigroup Inc. strategists.