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Category: World

World

Turkey’s central bank raises interest rate to 50% despite previous hints of end to hike cycle

Turkish annual consumer price inflation soared to 67% in February, fueling concerns that Turkey’s central bank might have to return to tightening. International: Top News And Analysis

World

CEO of Hapag-Lloyd, one of world’s top ocean shippers, says the outlook has changed for the global economy

Rolf Habben Jansen, CEO of Hapag-Lloyd, says the latest read on demand shows that inventories are depleted and the second half of 2024 should see a bump. International: Top News And Analysis

World

World’s first major act to regulate AI passed by European lawmakers

The European Union Parliament on Wednesday approved the world’s first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment. International: Top News And Analysis

World

The ‘special relationship’ under pressure: Are Biden and Netanyahu on a collision course over Gaza?

Tensions are appearing in the historically close relationship between the White House and Israel as the war in Gaza becomes a worsening humanitarian disaster. International: Top News And Analysis

World

Apple iPhone sales plunge 24% in China as Huawei smartphone business resurges, report says

Analyst firm Counterpoint Research said iPhone sales dropped 24% in the first six weeks of 2024 as Apple faced stiff competition from local smartphone firms. International: Top News And Analysis

World

Europe is having its worst earnings season since the onset of Covid — with little hope of a quick turnaround

Looking forward to the next reporting season, however, strategists are pessimistic on the tide turning. International: Top News And Analysis

World

Novo Nordisk and Eli Lilly rival soars 32% after promising weight loss drug results

Zealand Pharma’s Phase 2 trial was an “uniquivocal win” for a drug that can treat both liver disease and obesity, analysts said. International: Top News And Analysis

World

Nvidia shares pop 15% after AI-fueled bumper earnings

Nvidia chips are used to train the huge AI models such as those developed by Microsoft and Meta. International: Top News And Analysis

World

Trump will quit NATO, Hillary Clinton says, as anxiety mounts over U.S. commitment to the alliance

NATO members on Saturday weighed the U.S.’s possible withdrawal from the military alliance if Donald Trump returns to the White House. International: Top News And Analysis

World

Delivery Hero CEO happy to keep Asia unit Foodpanda ‘forever’ after stock plunged on sale outlook

Delivery Hero CEO Niklas Ostberg says he is happy to hold onto Delivery Hero’s Foodpanda unit “forever,” suggesting he’s not in a rush to sell. International: Top News And Analysis

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