In a significant move, the United Kingdom has recently classified data centers as critical infrastructure. This decision is expected to enhance cybersecurity measures within the country and facilitate collaboration between data center operators and the government to safeguard critical data from cyberattacks and disruptions. British Technology Minister Peter Kyle emphasized the importance of data centers
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While global attention has largely been focused on big U.S. companies like OpenAI and Alphabet’s Google in the field of generative artificial intelligence, China’s tech giants are now making significant strides in this area. Over the past 18 months, companies like Alibaba, Tencent, Baidu, and Huawei have launched their own AI models, seeking to capitalize
Shares of Trump Media & Technology took a hit, dropping over 11%, following the debate between Republican nominee Donald Trump and Democratic Vice President Kamala Harris. The company, majority owned by the former president, faced a significant decline in its stock value. Rentokil Initial saw its shares plummet by about 20% after issuing a profit
The recent years have seen steep interest rate hikes by the Federal Reserve in an attempt to slow down the U.S. economy. However, contrary to expectations, these hikes have not had a significant impact on the overall economy. The economy has continued to grow at an annualized rate of over 2% in most quarters since
The energy sector has been one of the worst-performing sectors in the market in recent months. As of now, it is 13.4% from the April 5th 52-week high. This decline is reflected in the performance of individual energy companies such as EQT, Coterra, APA, Halliburton, Occidental, ExxonMobil, and Chevron. EQT, for example, has seen a
Japan’s stock market experienced a decline on Wednesday, with the Nikkei 225 dropping by 1.63%. The losses were primarily driven by sectors such as Textile, Power, and Shipbuilding. Despite the overall decline, there were a few companies that stood out as top performers. Eisai Co., Ltd. (TYO:4523) saw an increase of 1.43%, with its stock
Policymaker Junko Nakagawa of the Bank of Japan recently stated that the central bank will persist in increasing interest rates if inflation progresses as projected. Nakagawa emphasized the importance of considering the potential consequences of market volatility on the economy and prices before deciding on further rate hikes. Despite ending negative interest rates in March
As Los Angeles gets ready to host the 2028 Summer Games, Mayor Karen Bass is already looking at ways to enhance the city’s infrastructure. One of the key areas of focus is public transportation, with a goal of reducing cars on the road to the venues. This initiative will require investments in bus and subway
REA Group, a prominent Australian property listing firm, recently made a bold move by offering 5.6 billion pounds in cash and stock to acquire Rightmove, the largest real estate portal in Britain. However, Rightmove shockingly rejected this lucrative offer, leaving many market analysts puzzled by the decision. By turning down REA Group’s proposal, Rightmove might
Last week marked the Broadway debut of Robert Downey Jr., who starred in the play “McNeal” at Lincoln Center’s Vivian Beaumont Theater. The previews for the play were a huge success, with all four shows being sold out and grossing an impressive $746,230. Directed by Bartlett Sher, the play revolves around Downey’s character, a Pulitzer