Britain remains on course to have the highest inflation of leading rich economies in 2023, according to Organisation for Economic Co-operation and Development forecasts which showed the country’s inflation problem widening compared with most of its peers. Britain’s headline inflation rate was set to average 7.2% over 2023, up from a previous forecast of 6.9% …
UK inflation to be highest among big economies in 2023 Read More »
Apple is facing a number of issues in China, with geopolitical risks mounting and the economy still not firing as many would have hoped. But the biggest challenge of all, according to analysts, could be a resurgent Huawei after a purported major semiconductor breakthrough that flew in the face of U.S. sanctions. The latest chip, made …
Germany finds itself at a crossroads of global issues as it deals with an economic contraction, according to Peter Oppenheimer, chief global equity strategist and head of macro research EMEA at Goldman Sachs. “The predicament that the economy is facing at the moment is really down to a number of factors,” Oppenheimer told CNBC Tuesday, …
Recession-hit Germany is facing a flurry of global headwinds, Goldman Sachs says Read More »
Virtual Reality (VR) is a cutting-edge technology that is revolutionizing the way we interact with computers, and it has the potential to transform many industries, including IT. VR is a computer-generated simulation of a three-dimensional environment that can be experienced using a VR headset. In the IT industry, VR is being used for a variety …
Over the past several months, job cuts in the tech industry have continued to pile up, as companies adapt to a new reality and brace for an uncertain economic future. The largest companies in tech have announced major layoffs, including Google, Microsoft, Amazon, Coinbase, Crypto.com, Salesforce, and Facebook parent Meta, to name a few. Google, …
Google’s experimental AI chatbot, Bard, received a less than warm reception after a promotional ad for the product featured an embarrassing factual error. This misstep, along with criticism from employees who felt the Paris reveal event was rushed and botched, caused Alphabet, Google’s parent company, to hesitate in launching the technology. During a speech at …
In January 2023, Twitter has undergone a significant transformation after being acquired by Elon Musk. The acquisition, which took place in 2022, was a result of Musk’s ambition to expand his influence beyond the realm of Tesla and SpaceX. Since the acquisition, Twitter has seen a number of changes in its user experience, policies and …
How is Twitter Faring after Elon Musk Taking over Read More »
Medipath becomes a global AI-powerhouse with the deployment of Ibex solutions across 30 laboratories in France TEL AVIV, Israel, and FREJUS, France, Sept. 2, 2022 /PRNewswire/ — Ibex Medical Analytics, the leader in AI-powered cancer diagnostics, and Medipath, the largest network of private pathology labs in France, today announced a new agreement to expand the deployment of Artificial Intelligence (AI) to additional labs …
Goldman Sachs, a major American multinational investment bank and financial services company, has reportedly laid off around 3,000 employees in a single day. The layoffs took place after the affected employees were called to the company’s headquarters in New York for a meeting with CEO David Solomon. When the employees arrived at the conference room …
Goldman Sachs Layoffs-3,000 people fired in a day Read More »
