Nvidia CEO Jensen Huang said on Friday that he sees robotics as the next major sector in South Korea. He was talking to reporters after arriving at Gimpo airport in South Korea on a flight from Taiwan. Huang said he had meetings scheduled with Hyundai, LG, SK, Samsung and Naver during his trip.
Nvidia CEO Jensen Huang said on Friday that he sees robotics as the next major sector in South Korea. He was talking to reporters after arriving at Gimpo airport in South Korea on a flight from Taiwan. Huang said he had meetings scheduled with Hyundai, LG, SK, Samsung and Naver during his trip.
Nomura Research Institute Chief Economist Richard Koo, widely recognized for his work on balance sheet recessions and global macroeconomic trends, believes the fundamental cause of a weak yen is the slow pace of rate hikes by the Bank of Japan. He speaks with Yvonne Man and Minmin Low from the sidelines of 'Nomura Investment Forum Asia' in Singapore. (Source: Bloomberg)
Nomura Research Institute Chief Economist Richard Koo, widely recognized for his work on balance sheet recessions and global macroeconomic trends, believes the fundamental cause of a weak yen is the slow pace of rate hikes by the Bank of Japan. He speaks with Yvonne Man and Minmin Low from the sidelines of 'Nomura Investment Forum Asia' in Singapore. (Source: Bloomberg)
A pedestrian walks past an Indian rupee symbol installation outside the Reserve Bank of India (RBI) building in Mumbai on May 17, 2026. Punit Paranjpe | Afp | Getty Images India's central bank on Friday held interest rates at 5.25% at a time when surging global energy costs have hammered its currency, while the Iran war risks accelerating inflation. The Reserve Bank of India was widely expected to...
A pedestrian walks past an Indian rupee symbol installation outside the Reserve Bank of India (RBI) building in Mumbai on May 17, 2026. Punit Paranjpe | Afp | Getty Images India's central bank on Friday held interest rates at 5.25% at a time when surging global energy costs have hammered its currency, while the Iran war risks accelerating inflation. The Reserve Bank of India was widely expected to keep rates steady, as per economists polled by both Reuters and CNBC. But a minority told CNBC that the central bank could hike rates to support the rupee , as it trades at record lows against the dollar. RBI Governor Sanjay Malhotra said in his statement that the "monetary policy has turned more cautious" as the global economic outlook remains clouded by the "geopolitical impasse" in the Middle East. He added that "sharply escalating energy prices and global supply chain disruptions continue to hinder economic activity." The conflict in the Middle East has posed a severe risk to the Indian economy , as energy supply disruptions have inflated the country's import bill, piling pressure on the rupee that has already been hit by record foreign investor outflows . In an attempt at shoring up the currency, Prime Minister Narendra Modi last month urged citizens to pause gold purchases, conserve fuel, and avoid overseas travel. Policymakers have also taken action to defend the rupee, including selling dollars through state-run banks to stem its slide, according to a Reuters report. The government has also raised duties to curb demand for gold, a move aimed at conserving foreign exchange reserves. Despite these measures, the rupee remains fragile. On a year-to-date basis, the rupee has weakened by over 6% against the dollar as per LSEG data, trading at 95.78 against the greenback. The RBI faces a tough choice as the Iran war slows the world's fastest-growing major economy, while inflation risks loom. In April, even before the government passed on the fuel price increases, India's ...
Without disclosing that work has been generated using the technology, faith in existing industries will continue to be undermined Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcas When a university vice-chancellor this week admitted to using AI in writing an opinion piece for a major Australian masthead, but did not disclose that use...
Without disclosing that work has been generated using the technology, faith in existing industries will continue to be undermined Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcas When a university vice-chancellor this week admitted to using AI in writing an opinion piece for a major Australian masthead, but did not disclose that use prior to publication, it highlighted the growing gap between people’s use of AI and trust in the technology. Data from Roy Morgan this week showed 13.6m or 58% of the population older than 14 now use AI each month, with ChatGPT being the most popular, followed by Google’s Gemini and Microsoft Copilot. Continue reading...
Chen Haofei, Chief Strategist & Head of Research at BOC International, says a K-shaped economy can help reallocate resources in China. He speaks with Yvonne Man on Bloomberg's The China Show. (Source: Bloomberg)
Chen Haofei, Chief Strategist & Head of Research at BOC International, says a K-shaped economy can help reallocate resources in China. He speaks with Yvonne Man on Bloomberg's The China Show. (Source: Bloomberg)
King Charles’ disgraced younger brother Andrew Mountbatten-Windsor held leases for 10 properties, three of which he sublet, while the monarch pays rent for the former prince’s daughters’ palace homes, a report by the UK’s spending watchdog said. In the most detailed review ever of royal property arrangements, the National Audit Office (NAO) report on Friday showed some leases were based on comm...
King Charles’ disgraced younger brother Andrew Mountbatten-Windsor held leases for 10 properties, three of which he sublet, while the monarch pays rent for the former prince’s daughters’ palace homes, a report by the UK’s spending watchdog said. In the most detailed review ever of royal property arrangements, the National Audit Office (NAO) report on Friday showed some leases were based on commercial valuations, while for others, senior figures paid no rent or negligible amounts for their...