flash-world

Apollo Global Management Inc.’s Torsten Slok warned that companies outside the giants of the technology sector are failing to show gains in profitability from their spending on artificial intelligence, posing risks to Big Tech valuations.

During a recent conference on the People’s Liberation Army, I heard the same question posed to attendees and paper writers: “How would China react to U.S. force posture change X, Y, or Z?” or “How would the Chinese military respond to U.S. strikes in certain locations?” Having participated in dozens

Two tankers damaged near Strait of Hormuz after reports of Iranian missile fire, sources say Reuters

Arts and crafts store Michaels has gone from a "grandmother’s store" to an unlikely business success. Michelle Cheng breaks down how. (Source: Bloomberg)

Office for Budget Responsibility’s annual report says urgent action is needed to cut spending

Artificial intelligence is likely to enhance productivity signficantly but any such impact on economies may still be years away, Deutsche Bank analyst Jim Reid said.

Bomb attack rocks Damascus during Macron visit Reuters

The French government is lowering its growth forecast for the year to 0.7% after a delayed budget and the Middle East conflict held back output, Finance Minister Roland Lescure told Le Parisien newspaper.

Officials say move is intended to boost lending and support financial markets in a crisis

Tankers hit in Hormuz as millions mourn Iran's Khamenei Reuters