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Author's articles
US inflation is 'still too high': Fed Chair Powell
US inflation is "still too high" despite a recent slowdown, Federal Reserve Chair Jerome Powell said Thursday, leaving the door open for a new interest rate hike. The Fed recently slowed its aggressive campaign of monetary tightening which lifted its benchmark lending rate to a 22-year high, as it looks to slow down inflation without pushing the US economy into recession.
US home sales dip in September to lowest rate since 2010
US home sales slid further in September to the lowest rate in 13 years, according to industry data released Thursday, with interest rates high and the supply of properties limited. From a year ago, home sales in September were around 15 percent lower.
Putin praises 'unprecedented' energy ties with China
Russian President Vladimir Putin hailed Thursday the "unprecedented" energy links between Moscow and Beijing despite failing to secure a much-sought agreement on a major new gas pipeline. The head of the Russian gas company Gazprom, Alexei Miller, hailed on Thursday a 46.6 percent increase in exports through the existing "Power of Siberia" pipeline so far this year.
AI models lack transparency: research
Artificial intelligence models lack transparency, according to a study published Wednesday that aims to guide policymakers in regulating the rapidly-growing technology. The EU is leading the charge on regulating AI, and aims to green light what would be the world's first law covering the technology by the end of the year.
What to know about the EU's landmark digital content act
The EU's milestone legislation, known as the Digital Services Act, demands digital giants crack down on illegal and problematic content. These large platforms must assess the risks linked to their services with regards to the spread of illegal content and privacy infringements.
EU opens disinformation probes into Meta, TikTok
The EU announced probes Thursday into Facebook owner Meta and TikTok, seeking more details on the measures they have taken to stop the spread of "illegal content and disinformation" after the Hamas attack on Israel. - Growing EU fears - Breton, EU internal market commissioner, told the executives to crack down on illegal content following Hamas' attack.
Nokia to cut up to 14,000 jobs as 5G demand slows
Finnish telecom giant Nokia said Thursday it would cut up to 14,000 job as profits fell on weakening demand for its 5G equipment in North America. Nokia had hoped that its 5G rollout in India would compensate for a slowdown in spending by North American telecom operators this year, but was faced with a disappointment.
Country Garden denies founder flees China as default looms
Chinese property giant Country Garden denied Thursday its founder and chairwoman had fled the country, as the debt-saddled builder flirts with a default that could send shockwaves through the industry. But her company is now on the frontlines of China's property crisis that has seen a string of debt-laden builders either defaulting or threatening to do so.
Country Garden denies founder, chairwoman have fled China
Chinese property giant Country Garden denied Thursday its founder and chairwoman had fled the country, as the debt-saddled builder flirts with a default that could send shockwaves through the industry. But her company is now on the frontlines of China's property crisis that has seen a string of debt-laden builders either defaulting or threatening to do so.
AFP
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