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BUSINESS12h agoData center capex to reach $31.6T through 2050 amid AI boom: PwCPwC forecasts that data center capital expenditure will reach $31.6 trillion by 2050, driven by the artificial intelligence boom. This highlights significant investment in technology infrastructure.Seeking Alpha Tech
BUSINESS12h agoECB rate hike looms as energy shock pushes inflation to 3.3%With eurozone inflation at 3.3% and energy costs surging, markets are pricing in another ECB rate rise on 10 September. ECB economists say this energy-driven episode looks nothing like the demand-fuelled surge of 2021-22.EuroNews [en]
BUSINESS12h agoNvidia nears $14B Hugging Face deal with $1B employee retention package - reprotNvidia is reportedly nearing a $14 billion deal with Hugging Face, which includes a $1 billion employee retention package. This represents a significant potential acquisition in the technology industry.Seeking Alpha Tech
BUSINESS12h agoAustralia’s economy expands 0.4% in Q2, topping estimates as annual growth eases to 2.1%Australia's economy grew by 0.4% in the second quarter, exceeding initial estimates, while its annual growth rate moderated to 2.1%. This indicates a notable economic performance for the country.Seeking Alpha Tech
BUSINESS12h agoApple discloses $58M pay package for new CEO John Ternus, $47M for CookApple has revealed a $58 million pay package for its new CEO, John Ternus, and a $47 million package for former CEO Tim Cook. This disclosure highlights executive compensation at the tech giant.Seeking Alpha Tech
BUSINESS12h agoEnd of the Cook era: Apple has a new CEO for the first time in 15 yearsApple's top job has changed hands for the first time in 15 years, with John Ternus succeeding Tim Cook, the man who built the iPhone maker into a wildly successful tech giant.EuroNews [en]
BUSINESS12h agoRate rise fears build as GDP surprises at 2 . 1 per centConcerns about potential interest rate increases are growing after the Gross Domestic Product unexpectedly rose by 2.1 percent. This economic development could influence central bank decisions on monetary policy.wellingtontimes.com.au · Australia
BUSINESS12h agoSensex falls over 700 points , Nifty below 24 , 000 as crude oil surgesThe Sensex has dropped over 700 points and the Nifty has fallen below 24,000, attributed to a surge in crude oil prices. These movements indicate significant volatility in the stock market.thehindubusinessline.com · India
BUSINESS12h agoRate rise fears build as GDP surprises at 2 . 1 per centConcerns about potential interest rate increases are growing after the Gross Domestic Product unexpectedly rose by 2.1 percent. This economic development could influence central bank decisions on monetary policy.manningrivertimes.com.au · Australia
BUSINESS12h agoVietnam : Another Economy Rising In Real Time | Armstrong EconomicsThis article from Armstrong Economics discusses Vietnam's economy, characterizing it as a rising economic power. It highlights the country's ongoing economic development.armstrongeconomics.com · United States
BUSINESS12h agoBessent says 19 finance ministers agreed cheap export are unsustainable , but China dissentedNineteen finance ministers have agreed that cheap exports are unsustainable, but China reportedly dissented from this view. This highlights a notable international disagreement on global economic policy.santamariatimes.com · United States
BUSINESS12h agoRate rise fears build as GDP surprises at 2 . 1 per centConcerns about interest rate increases are growing following a surprising 2.1% GDP performance. This economic development could influence monetary policy decisions.macleayargus.com.au · Australia
BUSINESS12h agoNew body aims to raise Glasgow global business profileA new organization has been established with the goal of enhancing Glasgow's international business reputation. This initiative seeks to boost the city's economic standing on a global scale.heraldscotland.com · United Kingdom
BUSINESS12h agoAussie homeowners brace for rate hike after surprise GDP result piles pressure on the Reserve BankAustralian homeowners are bracing for a potential interest rate hike following a surprising GDP result that has put pressure on the Reserve Bank. This indicates a significant economic development with financial implications for many.dailymail.com · United States
BUSINESS12h ago Cautiou Aussies spend less as interest rates and petrol prices bite hardAustralian consumers are reducing their spending as high interest rates and petrol prices severely impact their finances. This reflects significant economic pressure on households in Australia.perthnow.com.au · Australia
BUSINESS12h agoData centre industry sees major India opportunity as Govt moves to resolve power , approval bottlenecksThe data centre industry foresees significant opportunities in India as the government works to address bottlenecks related to power and approvals. This indicates potential for growth and investment driven by supportive policy changes.aninews.in · India
BUSINESS12h agoPeter Thiel-backed Cognition AI nears $1B round at $47B valuation: reportCognition AI, a company backed by Peter Thiel, is reportedly close to securing a $1 billion funding round. This would bring its valuation to $47 billion.Seeking Alpha Tech
BUSINESS12h agoZepp Health Non-GAAP EPADS of -$0.79, revenue of $63.53M; gives Q3 outlookZepp Health reported Non-GAAP EPADS of -$0.79 and revenue of $63.53 million. The company also provided its financial outlook for the third quarter.Seeking Alpha Tech
BUSINESS13h agoHow Taiwan's AI stock boom has ordinary people borrowing to investPeople across Taiwan are taking out loans and even remortgaging their homes to chase gains in an AI-fuelled stock boom — and not everyone is coming out ahead.EuroNews [en]
BUSINESS13h agoFintech surpasses Sh20b in cross - border transfers as demand for faster digital payments surgesFintech companies have exceeded Sh20 billion in cross-border transfers due to surging demand for faster digital payments. This demonstrates significant growth in the digital financial services sector.standardmedia.co.ke · Kenya
BUSINESS13h agoUeda signals more BOJ hikes ahead but flags cumulative rate risksUeda has indicated that the Bank of Japan (BOJ) may implement further interest rate hikes, while also acknowledging the potential cumulative risks associated with such actions. This suggests future shifts in monetary policy with potential economic consequences.investinglive.com
BUSINESS13h agoFunding deadline looms for embattled home developerAn embattled home developer is approaching a crucial funding deadline. This highlights potential financial challenges within the housing development sector.examiner.com.au · Australia
BUSINESS13h agoInflation jumps to 6 . 6pc as cost - of - living crisis deepens ahead of 2027 pollsInflation has risen to 6.6%, exacerbating the cost-of-living crisis in advance of the 2027 elections. This indicates a worsening economic situation with political consequences.standardmedia.co.ke · Kenya
BUSINESS13h agoFunding deadline looms for embattled home developerA critical funding deadline is approaching for a struggling home developer. This highlights financial challenges faced by a company in the real estate sector.dungogchronicle.com.au · Australia
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