Business News Stories
Is Nvidia the best AI stock to buy today?
If you’d asked me 12 months ago for my opinion on the best artificial intelligence (AI) stock, I would have said chip designer Nvidia (NASDAQ: NVDA). In an article posted this time last year, in which I discussed how I was playing the theme, I said that it was “my number one play for AI exposure”....
photo: AP / Jeff Chiu
China vows to take ‘all necessary actions’ in response to Biden’s tariffs
Beijing says it will take “all necessary actions” to protect its rights as US President Joe Biden announced huge tariffs on imports of electric vehicles and other goods from China. “China opposes the unilateral imposition of tariffs which violate (World Trade Organization) rules, and will take all...
photo: AP / Stephen B. Morton
McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore
For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt. Discounts and special deals are being offered across consumer brands from...
photo: Creative Commons
Russia’s oil and gas budget revenues up by 82.2%
Russia’s federal budget revenues from the oil and gas industry showed a significant increase to 4.2 trillion rubles ($45.7 billion) in the January-April 2024 period, 82.2% higher than in the same period last year, the country’s Finance...
photo: AP / Markus Schreiber
Asia stocks touch 15-month top, wary of US inflation
Sydney, May 13 (BNA): Asian shares eked out a 15-month high on Monday in a week when inflation figures could either support or undermine expectations for earlier U.S. rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world's No. 2 economy. Beijing has...
photo: AP / Eugene Hoshiko
A new generation of batteries may bolster the EU’s green ambitions
By Anthony King A green industrial future for Europe may depend on an element that is part of a household staple: table salt. Dr John Abou-Rjeily, a researcher at Tiamat Energy in France, is using sodium to develop rechargeable batteries. Sodium is a part of sodium chloride, an ionic compound that...
photo: Creative Commons / Arria Belli
Oil set for weekly gain as demand signs, geopolitics seen as positives
By Katya Golubkova and Sudarshan Varadhan Oil set for weekly gain as demand signs, geopolitics seen as positives SINGORE -Oil rose on Friday, set for a weekly gain, as data this week from the U.S. and China, the world's two largest crude users, pointed to higher demand and continuing uncertainty...
photo: Creative Commons
Bank of England moves closer to first rate cut since 2020
The Bank of England took another step towards lowering interest rates, as a second official backed a cut and Governor Andrew Bailey said he was "optimistic that things are moving in the right direction". The Bank of England said today its Monetary Policy Committee voted 7-2 to keep rates at a...
photo: Creative Commons / Bank of England
Stock market today: Asian shares mixed after calm day on Wall St
TOKYO (AP) — Asian shares were mixed on Wednesday after U.S. stocks held relatively steady on Wall Street. U.S. futures and oil prices slipped, while the yen weakened further against the U.S. dollar. Tokyo’s Nikkei 225 lost 1.6% to 38,202.37. Nintendo Co.’s share price sank 5.4% after the...
photo: Creative Commons / Alex Proimos
Japan’s Toyota posts record profit as hybrid sales surge 31 percent
Toyota has reported record profit and sales figures on the back of the weak yen and strong demand for hybrid vehicles. The Japanese car giant said on Wednesday that it netted a record profit of 4.94 trillion yen ($31.9bn) in the year to March on revenues of 45.1 trillion yen, double the previous...
photo: Creative Commons / Gennady Grachev

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