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US Fed on track to cut rates again in penultimate decision of 2025
US Fed on track to cut rates again in penultimate decision of 2025
Business and Economy
by  AFP

The US Federal Reserve is almost certain to cut interest rates for a second straight meeting on Wednesday, and could also shed light on what it will do next. But analysts widely expect Fed chair Jerome Powell to tell reporters during the bank's post-decision press conference on Wednesday that the rate-setting Federal Open Market Committee (FOMC) is keeping an open mind about the following meeting.

Trump heads to South Korea with all eyes on Xi meeting
Trump heads to South Korea with all eyes on Xi meeting
Business and Economy
by  AFP

US President Donald Trump heads Wednesday for South Korea, where a key meeting with Chinese leader Xi Jinping could produce a truce in the blistering trade war between the world's two largest economies. The US president will head to Gyeongju for a summit with South Korean President Lee Jae Myung -- their second in-person talks just two months after a meeting in Washington.

Uber partners with Nvidia to deploy 100,000 robotaxis
Uber partners with Nvidia to deploy 100,000 robotaxis
Business and Economy
by  AFP

Uber and Nvidia on Tuesday announced an alliance to deploy 100,000 robotaxis starting in 2027. "Together with Uber, we're creating a framework for the entire industry to deploy autonomous fleets at scale, powered by Nvidia AI infrastructure," Nvidia chief executive Jensen Huang said in a release.