The Governor of the Bank of England Andrew Bailey has revealed that the central bank is continuing to work on the creation of a digital currency that would be available for the public.
The Information has reported that Google is developing new AI tech that would control web browsers in order to do various tasks.
Stock exchange data indicates that last week, Nvidia has managed to surpass Apple as the world's top value company.
The Chinese government has met with US officials in Washington. At the meeting, Chinese representatives expressed concerns over US tariffs and sanctions on Russia.
A US court has ruled that the United States labor board has been wrong by ordering Musk to delete an anti-union tweet.
The Chinese online retailer Alibaba has decided to pay $433.5 million to settle a lawsuit with shareholders that claimed the firm had practised monopolistic policies.
The Wall Street Journal has reported that Boeing is exploring a potential sale of its space business, as the firm intends to raise cash.
The President of the Federal Reserve Bank of Dallas Lorie Logan has recently commented that she would prefer gradual interest rate cuts. Moreover, the Federal Reserve should continue on with reducing its balance sheet.
Crude oil price benchmarks started the week by dropping more than 5.00%. The decline was attributed to the limited Israeli attack on Iran. The markets appear to have expected an escalation and surge in oil prices.
Walt Disney has picked the Executive Chairman of Morgan Stanley James Gorman as the firm's new Chairman. Gorman is set to take the new position in January.
The government of Portugal has announced that the country has to retrain 1.3 million people or 30% of the workforce to work with new AI tech in an effort to close the productivity gap it has with the rest of the European Union.
The CEO of Dolce & Gabbana has revealed that the firm could do an initial public offering in the future. However, the current priority of the firm is a stronger business.
Vedomosti have reported that the Russian government purchases of iPhones in 2024 have been four time higher than in 2023, despite officials being banned from using Apple devices.
Reuters has published a report on how Latin American countries are preparing for the upcoming US Presidential Election, as trade tariffs and monetary policy of the United States are set to be influenced by the President and in turn impact the neighbouring region.
Starting from November, Microsoft will allow its clients to create new AI agents that would be used for routine tasks. The programs are set to be used for tasks like client queries, sales lead identification and inventory management.
The Chancellor of Germany Olaf Scholz has stated at the opening of a Mercedes-Benz battery recycling plant that German carmakers should not be worried about Chinese competition, as the firms can deal with this competition.
US farmers have reported that the country is experiencing the largest soybean and corn harvest in years, which is testing the limits of storage capacities.
The German firm JAB has announced that it would increase its stake in the Dutch coffee producer JDE Peet's by buying a $2.4 billion share package from Mondeleze's.
The pharmacy chain Eli Lilly has sued at least three medical spas and online retailers for selling goods that allegedly contain tirzepatide. Tirzepatide is the main ingredient of the popular weight loss drug Zepbound.
As it was anticipated, this week, the People's Bank of China stimulated the Chinese economy and markets by lower its base interest rate from 3.35% down to 3.10%.
The Swiss banking group UBS is set to sell its 50% stake in Swisscard to American Express, as revealed by Swisscard in a released statement.
The Norwegian banking group DNB is set to buy Sweden's Carnegie for a total of $1.14 billion.
On 23rd of October TSLA reported its quarterly earnings and revenue results. Although mixed results, Q3 report has had investors and traders convinced that Elon and the company will deliver.
In a landmark lawsuit, Australian courts have ruled that Qantas Airways has to pay 170,000 AUD to baggage handlers that were fired in 2020. The case sets precedent for potential lawsuits with other 1700 workers whose jobs were outsourced during the same period.