World stocks rose on Friday as news of plans for U.S.-China trade talks soothed nerves over their tariff war, while the recovery in Turkey’s lira ran out of steam.
Oil prices dipped on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build.
Elon Musk’s rocket company, SpaceX, could help fund a bid to take electric car company Tesla Inc private, the New York Times reported on Thursday, quoting people familiar with the matter.
Japan’s Toyota Motor Corp will build additional capacity at its auto plant in China’s Guangzhou, a company source said, in addition to beefing up production at a factory in Tianjin city by 120,000 vehicles a year.
Christos Papageorgiou has seen the kiosk he owns trashed, slept inside it with a fire extinguisher beside him and developed asthma from the teargas that rained down on Athens’s Syntagma Square during fierce protests against austerity.
With two euros in his pocket, Yorgos Vagelakos, an 81-year-old retired factory worker, scouts the farmer’s market in his working-class Athens neighborhood for anything he can afford.
Greece exits the last of its three bailouts on Aug. 20 and hopes to be able to borrow again in international markets after a nearly nine-year debt crisis that shrank the economy by a quarter and forced it to implement painful austerity measures.
Russia’s sanctions-hit aluminum giant Rusal said on Friday its board had discussed and approved a change of domicile from Britain’s Jersey to Russia in order to take advantage of new special tax regulations.
Stiff new U.S. sanctions against Russia would only have a limited impact on its oil industry because it has drastically reduced its reliance on Western funding and foreign partnerships and is lessening its dependence on imported technology.
Elon Musk has no plans to relinquish his dual role as chairman and chief executive officer of Tesla Inc , he said in an interview with the New York Times on Thursday.
Oil prices fell on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build.
Google CEO Sundar Pichai and cofounder Sergey Brin met with employees during an all-hands meeting on Thursday and discussed reports that Google planned to launch a censored search engine in China. Pichai told staff that the company is not close to launching a search product in China. The meeting grew tense as Pichai and Brin discovered someone was providing real-time reports on the meeting to a reporter. …read more […]
Nvidia chips dominate the AI training chip market, where huge amounts of data help algorithms “learn” a task such how to recognise a human voice, but one of the biggest growth areas in the field will be deploying computers that implement the “learned” tasks. Intel dominates data centres where such tasks are likely to be carried out. “For the next 18 to 24 months, it’s very hard to envision anyone challenging Nvidia on training,” said Jon Bathgate, analyst and tech sector co-lead at Janus Henderson Investors. …read more […]
Nvidia Corp dominates chips for training computers to think like humans, but it faces an entrenched competitor in a major avenue for expansion in the artificial intelligence chip market: Intel Corp .
Asian shares won a modest reprieve on Friday after China and the United States agreed to hold their first trade talks since June next week and as the Turkish lira extended gains from its record low earlier this week.
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