Piccadilly Circus is seen at dusk, on 7th January 2025, in London, England. Richard Baker | In Pictures | Getty Images LONDON — Traders bet on more Bank of England rate cuts this year after weak retail sales data added to the latest in a run of data surprises this week. Sales volumes fell 0.3%…
Jonathan Raa | Nurphoto | Getty Images Bitcoin bounced on Tuesday, rising with other risk assets as traders digested a light inflation reading. On Tuesday the price of the flagship cryptocurrency rose 4% to $96,781.15, according to Coin Metrics, after sliding below the $90,000 support level to start the week. The broader crypto market, as…
Vice Chair and President at Microsoft, Brad Smith, participates in the first day of Web Summit in Lisbon, Portugal, on November 12, 2024. The largest technology conference in the world this year has 71,528 attendees from 153 countries and 3,050 companies, with AI emerging as the most represented industry. (Photo by Rita Franca/NurPhoto via Getty…
Investigators have finished extracting data from one of the black boxes from the fated Jeju Air plane that crashed on Sunday, South Korea’s transport ministry has said. The data from the cockpit voice recorder will now be converted into an audio file, though authorities said it would take more time to access the data in…
The World Health Organization has urged China to share data on the origins of the Covid pandemic, five years on from its start in the city of Wuhan. “This is a moral and scientific imperative,” the WHO said in a statement to mark what it called the “milestone” anniversary. “Without transparency, sharing, and co-operation among…
European markets opened in negative territory on Monday, in what will be the region’s final full trading session of the year. The pan-European Stoxx 600 index was around 0.4% lower shortly after the opening bell, with all sectors and major bourses in negative territory. Industrials, media and technology stocks led the losses. Trading is expected…
Budrul Chukrut | Lightrocket | Getty Images Exxon Mobil and Chevron are jumping into the race to power artificial intelligence data centers, as the two oil majors bet tech companies will ultimately turn to natural gas to meet their tremendous energy needs. Exxon unveiled plans this week to build a natural gas plant to power…
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024. Nathan Howard | Bloomberg | Getty Images Technology companies’ push to directly power artificial intelligence with nuclear plants hit a major roadblock, after a federal regulator rejected a request to increase power for an Amazon data center. The Federal…
