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US existing home sales slip in April on still high mortgage rates
Existing home sales in the United States crept lower in April as mortgage rates remained elevated, industry data showed Wednesday. From a year ago, home sales were also 1.9 percent lower in April, NAR data showed.
AI dominates annual Paris startup event VivaTech
Thousands of tech enthusiasts filed into Europe's self-declared biggest startup event VivaTech in Paris on Wednesday, with artificial intelligence stealing the show this year. Over four days, the event, now in its eighth year, will host more than 150,000 guests, 11,000 startups and 450 speakers, according to the organisers.
Ex-UK Post Office boss 'sorry' over convictions scandal
The former boss of Britain's Post Office on Wednesday apologised to the hundreds of staff who were wrongly prosecuted because of faulty computer software, in one of the country's worst miscarriages of justice.
ECB can start cuts before Fed, says Finnish bank governor
The European Central Bank did not have to take its cues from the US Federal Reserve and could start to lower rates as soon as June, Bank of Finland governor Olli Rehn told AFP. "While we don't make policy in a vacuum, the ECB is not the 13th Federal district of the US Federal Reserve," which is split into 12 zones, said Rehn.
Leading AI firms pledge 'responsible' tech development
Some of the world's biggest tech companies pledged to work together to guard against the dangers of artificial intelligence as they wrapped up a two-day AI summit, also attended by multiple governments, in Seoul.
UK inflation slows to near three-year low
Britain's annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, easing a cost-of-living crunch before this year's general election. - Energy cap - Inflation slowed rapidly last month after energy regulator Ofgem lowered the price cap on energy bills for most UK households to the lowest level for more than two years.
Turkey bets on Togg to give its car industry electric edge
On the shores of the Sea of Marmara, a grey and turquoise factory built at breakneck speed is churning out electric cars by the hundreds. "We have not missed the boat on electric cars," he said again in mid-May.
Asian markets track Wall St record ahead of Nvidia results, Fed minutes
Asian investors fought Wednesday to revive a recent rally across markets as they turned their focus on the release later in the day of earnings from US tech darling Nvidia. After the previous day's retreat, most Asian markets rose Wednesday, with Hong Kong, Shanghai, Sydney, Seoul, Wellington, Taipei and Jakarta all in positive territory.
OpenAI says AI is 'safe enough' as scandals raise concerns
OpenAI CEO Sam Altman defended his company's AI technology as safe for widespread use, as concerns mount over potential risks and lack of proper safeguards for ChatGPT-style AI systems.
AFP
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