In a significant development for Japan’s semiconductor industry, Rapidus, a prominent chipmaker, is partnering with Denso, a leading auto parts supplier, to standardize design methods for advanced chips. This collaboration is particularly focused on creating chips that cater to cutting-edge technologies like artificial intelligence (AI) and self-driving vehicles. The reporting…...

Yann LeCun, a prominent figure in the field of artificial intelligence (AI), has expressed strong skepticism about the notion that AI is on the brink of becoming genuinely intelligent. As a distinguished professor at New York University and a senior researcher at Meta, LeCun has been a significant contributor to…...

Tito Mboweni, the first Black governor of the South African Reserve Bank, passed away at the age of 65 following a brief illness, as confirmed by the Office of the Presidency. His death marks a significant loss for South Africa, particularly within the financial and economic spheres. Mboweni had a…...

The European Central Bank (ECB) is poised to lead a global trend toward monetary easing with an interest-rate cut expected in the coming week, a move that seemed unlikely just a month ago. Economists anticipate that this will be the third quarter-point reduction in this cycle, marking a shift aimed…...

The anticipated decline in Halloween expenditures marks another setback for retailers, particularly those grappling with significant debt amid escalating operational costs and a trend of consumers opting for less expensive goods. The National Retail Federation forecasts that spending for this holiday will decrease by 5% to reach $11.6 billion this…...

The landscape for catastrophe bonds is undergoing significant changes in the aftermath of Hurricane Milton, as asset managers in this specialized sector prepare for potentially higher costs associated with issuing these securities. By withdrawing risk-bearing capital from the market, any losses incurred contribute to a decrease in overall reinsurance capacity,…...

Amazon’s expansion into Nashville, which includes a new headquarters, represents the largest job commitment by a corporation in Tennessee’s history. The impact of Amazon’s presence in the region is evident through various economic indicators, which have shown positive trends since the company’s introduction. Vikram Pathania, a principal economist at Amazon,…...

In a recent conversation, economists Richard Wolff and Michael Hudson dissect the complex dynamics of the Middle East, specifically focusing on Israel’s colonial project and the role of U.S. financial aid and geopolitical strategies. The discussion kicks off with a stark revelation—the substantial financial support the United States has provided…...

On Saturday, nearly 1,700 participants of varying ages, ranging from 12 to 67, convened at the IST school of technology at the University of Lisbon for a remarkable event aimed at breaking the Guinness World Record for the largest computer programming lesson in a single venue. The previous record was…...

The analysis provided by OilPrice highlights some critical concerns surrounding the global natural gas market, particularly regarding supply shortages amidst growing demand. The International Energy Agency (IEA) recently revised its forecasts, indicating that global natural gas demand is escalating at a quicker pace than initially envisioned. This surge in demand…...

Tesla’s recent unveiling of its prototype robotaxi, named Cybercab, has sparked confusion and criticism among investors and analysts alike. CEO Elon Musk presented this two-seater sporty coupe, starkly contrasting with the typical multi-passenger taxi that accommodates families and luggage. While Musk emphasized that the Cybercab, set to roll out in…...