By Mike Dolan LONDON (Reuters) -Hype or hope, this year’s boom in artificial intelligence along with other productivity-enhancing tech developments may be one of few ways to sustain an increasingly fragile “global balance sheet” over coming decades. There is little doubt about the market heat, corporate alarm and social anxieties created in the mere six…
By Andy Bruce and William Schomberg LONDON (Reuters) -Britain’s stubbornly high inflation rate fell by less than expected last month and a closely watched measure of core price rises surged to a 31-year high, according to official data that raised the chances of more interest rate hikes. Consumer prices rose by 8.7% in annual terms…
By Eduardo Baptista BEIJING (Reuters) – In the years before China declared U.S. firm Micron Technology’s products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed. A Reuters review of over a hundred public government tenders found that while previously Chinese…
DOHA (Reuters) – The International Monetary Fund’s managing director said on Wednesday she does not expect there to be a rapid shift in reserves of the US dollar. Asked about de-dollarisation of the world, Kristalina Georgieva said: “We don’t expect a rapid shift in reserves because the reason the dollar is a reserve currency is…
SHANGHAI (Reuters) – A U.S. lawmaker’s demand for trade curbs on a Chinese memory chipmaker in response to China calling products from Micron Technology a national security risk is the latest escalation of tension between the big powers. The United States and China have been tussling over a range of issues, from Taiwan to technology,…
NEW DELHI (Reuters) -India’s inflation has moderated, but lingering weather-related uncertainties still pose headwinds, the governor of the Reserve Bank of India said on Wednesday. “The war on inflation is not over, we have to remain alert,” Shaktikanta Das said at an event in New Delhi. “There is no room for complacency. We will have…
By Kirsty Needham SYDNEY (Reuters) -Australian Prime Minister Anthony Albanese met Narendra Modi, his Indian counterpart, in Sydney on Wednesday to discuss regional security and economic ties and signed a migration deal to boost Indian student and business travel to Australia. The two leaders also discussed the impact of Russia’s conflict with Ukraine on developing…
TAIPEI (Reuters) -Taiwan will weigh both inflation and economic growth when deciding on its next interest rate decision in June but the island’s economy may not rebound until the fourth quarter, central bank governor Yang Chin-long said on Wednesday. While Taiwan has followed major economies in raising interest rates to control inflation, it has done…
By Aaron Ross, James Pearson and Christopher Bing NAIROBI (Reuters) -Chinese hackers targeted Kenya’s government in a widespread, years-long series of digital intrusions against key ministries and state institutions, according to three sources, cybersecurity research reports and Reuters’ own analysis of technical data related to the hackings. Two of the sources assessed the hacks to…
A look at the day ahead in European and global markets from Kevin Buckland Britain gets a read on how much inflation is receding under the weight of 450 basis points of hikes since December 2021, when rates were near zero. The consensus call is for a retreat to 8.2% for April, ostensibly much less…
