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The future of AI may be small, cheap and unprofitable: Joachim KlementA groundbreaking study indicates that lightweight AI models installed on everyday home computers are on the verge of surpassing the robust ...- Fermi America launches IPO to fund next-gen AI-Powered electric gridFermi America is launching its IPO to raise funds for a next-generation electric grid that powers AI technology. The company will sell shar...
- Oil prices settle lower as US sanctions ease fears of escalation in IranOil prices decreased on Friday. The United States announced new sanctions related to Iran. This diplomatic move raised hopes for a possible...
- Oil prices plummet on China's retaliation against US tariffsOil prices slipped on Wednesday, hitting fresh four-year lows before recovering some ground, after China announced additional tariffs on U....
- London on cusp of becoming biggest stock market in Europe, againLondon's stock market is poised to regain its position as Europe's largest equity market, surpassing Paris, due to a faltering rally in Fre...
- European stocks benchmark sinks into bear market on growth woesThe index sank 2.3% by the close in London, to the lowest level since December 2020. Total declines from a January record high are now 21%,...
- Record prices inject life into steel industry; India set to boost capacityOther nations could fill the gap created by China’s restrictive measures. India is set to boost capacity, with top producer JSW Group sayin...
- Diamond industry’s torrid year set to continueThe diamond midstream, the industry’s link between African mines and jewelry stores in New York, London and Hong Kong, is being squeezed li...
- Diamond industry preps for a rough, rocky 2020There has been little good news this year.
- Billionaire Agarwal walks away from Anglo American stakeBillionaire maintains that his interest in Anglo was family investment and no intent to make a takeover offer.
- UK subjects Rupert Murdoch’s Fox to wider probe over Sky takeover bidSky shares were little changed, trading at 933 pence as of 11:26 a.m. in London, a 13% discount to the offer price.
- Forex traders facing a hard time as computers take overE-dealing, which accounted for 66 per cent of currency transactions in 2013, will increase to 76 per cent in 5 years
- Anheuser-Busch InBev to pay $5.8 billion for Korea’s Oriental BreweryAnheuser-Busch InBev agreed to pay $5.8 billion for South Korea’s Oriental Brewery Co. Ltd, regaining control of a company that became Asia...
- Rolls-Royce looked to buy out Finland's WartsilaRolls-Royce made a takeover approach to Finnish ship and power plant engine maker Wartsila but the talks ended without a deal.
- Vedanta gets court nod for merger of Sesa Goa, Sterlite IndustriesThe mining conglomerate had said earlier that it planned to overhaul its web of subsidiaries, creating an umbrella unit that will group mos...
- Xstrata investors seen backing Glencore takeoverInvestors in commodities trader Glencore, voted 99.4 per cent in favour of the deal at a meeting in Zug, near Zurich.
- Barclays valuation 93% cheaper than its competitors, fuels breakup talkBarclays fined a record amount for rigging global interest rates, is languishing at a cheaper valuation than 93% of its global competitors.
- M&S’s CEO targets overseas buysMarks & Spencer Group Plc's new Chief Executive Officer Marc Bolland plans to add stores in Shanghai and India and strengthen the U.K. clot...
- Vedanta to cut capex by $2 bn on Orissa fiascoVedanta Resources will cut its spending programme by as much as $2 billion over the next two years after failing to get clearance to mine b...
- UK i-banks double pay to win back employeesLondon’s investment banks are luring back traders and analysts they lost to brokerage firms during the credit crisis, compensating for lowe...
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