According to official figures, the British economy is growing at the slowest pace in this decade. Year-on-year growth in the three months to end-September slowed to 1% from 1.3% in the second quarter, says National Statistics office. An ONS spokesman says, “Looking at the picture over the last year,...
It is not every day that the super and environmental campaigners address the annual general meeting of one of the world’s largest oil companies. That’s what happened earlier this year when Australian Heath Hoske spoke with Norwegian equinor shareholders at AGM in Stavang. He demanded that they get a...
“China is betting on AI and investing in AI and deploying AI on a scale no other country is doing,” said Abishur Prakash, a futurist and author of books about the effects of artificial intelligence on geopolitics. As developments in AI accelerate, some in the United States fear that...
Elon Musk, Tesla’s chief executive, has said Berlin will be the site of its first European factory as the carmaker’s expansion plans power ahead. “Berlin rocks,” Mr. Musk said, adding Tesla would build an engineering and design center in the German capital. Tesla previously said it aimed to start...
“I think the wealthy have been getting wealthier too much in many ways, so middle-class incomes have been kind of flat for maybe 15 years or so, and that’s not particularly good in America,” Dimon says. Dimon’s remarks come amid increased criticism of the rich by certain U.S. presidential...
Investors have been spooked by the fallout from the U.S.-China trade dispute and a global economic slowdown resulting in a broader market selloff, said Helima Croft, managing director and global head of commodity strategy at RBC Capital Markets. “We have a market that is singularly focused on the demand...
Since 2008, DVD sales have declined by more than 86%. A combination of the Great Recession, a rise in customers buying on-demand and digital copies of films, and the launch of streaming services have caused DVD sales to plummet. Since 2011, platforms like Netflix, Hulu, and HBO have seen...
United Kingdom’s third-quarter flash GDP estimate comes in at 0.3% higher than the previous quarter. The data means a rebound from the Q2 gross domestic product contracted by 0.2%. Isolated September figures reveal other monthly contraction in manufacturing activity. The British economy has avoided slipping into a technical recession,...