Voters prioritized the economy in the 2024 election and sent Donald Trump back to the White House. But what economic legacy is Joe Biden leaving to the new administration? “It’s the economy, idiot.” These famous words, coined by political strategist James Carville, have become synonymous with American election success since 1992. Despite the growing influence … Read more
, The Biden administration on Monday announced new restrictions on the export of the most advanced artificial intelligence chips and proprietary parameters used to control users’ interactions with AI systems. The rule, which must undergo a 120-day period for public comments, comes in response to what administration officials described as a need to protect national … Read more
Ethiopia relaunched its stock exchange, the Ethiopian Securities Exchange, on Friday after a 50-year absence. The Ethiopian Securities Exchange ceased operations in 1974 following a takeover by the communist military government. Prime Minister Abiy Ahmed described the relaunch as a “historic milestone” for Ethiopia’s economic and financial landscape. “We have officially rang the bell to … Read more
London – Britain’s Treasury chief is traveling to China this weekend to discuss economic and financial cooperation between the countries, as Britain’s Labor government seeks to reset strained relations with Beijing. The Treasury said on Friday that Rachael Reeves will travel to Beijing and Shanghai and meet with her Chinese government counterpart, Vice Prime Minister … Read more
Detroit – Automakers reported Friday that U.S. new car sales continued to rise from pandemic lows in 2024, boosted by replenished inventories, higher incentives and rising demand for hybrid vehicles. According to Wards Intelligence, new vehicle sales last year ended at 15.9 million, up 2.2% from the previous year, and the highest since 2019. Automakers … Read more
Tesla reported its first decline in annual deliveries on Thursday, as attractive year-end incentives for the Elon Musk-led EV maker’s aging line up and new Cybertruck pickup failed to lure customers wary of higher borrowing costs. . The company’s shares fell about 6%. Musk had previously predicted a “modest increase” in 2024 deliveries and offered … Read more
New York – Global stock markets fell in jittery holiday trading on Monday ahead of the potential turmoil of Donald Trump’s return to the White House in 2025. Wall Street’s three main indexes fell by the end of the day, extending losses on Friday, ending Wall Street’s usual holiday-period “Santa Claus rally.” “We can’t draw … Read more
Watchdog groups and researchers say the emergence of generic artificial intelligence tools has allowed people to efficiently create novel and detailed online reviews with almost no work, putting merchants, service providers and consumers into uncharted territory. Phony reviews have long plagued many popular consumer websites like Amazon and Yelp. These are typically traded on private … Read more
Beijing/Tokyo — Japan said on Wednesday that talks between the foreign ministers of China and Japan in Beijing have paved the way for Japan to host China’s foreign affairs chief next year and reached a mutual consensus on holding security talks as soon as possible. Is. No details were given on when the events would … Read more
Nairobi, Kenya – Kenya’s president said on Tuesday that a large-scale livestock vaccination campaign would continue despite fears from some herders and farmers that vaccination would somehow harm their animals. Kenyan President William Ruto has hit out at those objecting to the agriculture ministry’s livestock vaccination programme, which the ministry says aims to prevent the … Read more