Cocoa and iron ore performed positively for investors, however, with the former rising to a multi-decade high of 72% following difficulties along the supply chain. Iron also rose approximately 55% as China continued to create more houses for its in-demand property sector. Cocoa on the New York Stock Exchange hit a 46-year high and are…
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Nvidia’s AI chips contributed to the company’s revenue growth, which sits at 85% higher than the same period year-over-year, most significantly in Q3 of 2023. Although the company’s net income is 13 times higher than in December 2022, it made the most instrumental gains in Q1, 2 and 3 of this year, and experienced a…
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Positioned as a C-Class performance sedan, the SU7 is based on Xiaomi's Modena Architecture and features HyperEngine electric motors with impressive capabilities. The electric sedan comes in two variants: the dual-motor all-wheel-drive SU7 Max and the single-motor rear-wheel-drive SU7. Key innovations include the use of die casting machines with a clamping force of 9,100 tons,…
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According to recent data, the BoE’s targets are a little pessimistic when compared to their predictions, especially considering inflation fell to its lowest in two years at 3.9% in November 2023. PwC has warned the BoE that “increased inflationary pressures” will persist in either outcome but that a decrease in global energy prices could help…
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In November, Baidu reported that Ernie had already attracted 70 million users. The announcement underscores Baidu's efforts to compete with tech giants Tencent and Alibaba in commercialising services similar to ChatGPT in the vast Chinese internet landscape. The increasing user base reflects the growing popularity and adoption of AI-driven chatbots, marking a significant milestone for…
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Cross-border payments have notoriously been plagued by complexities, including regulatory hurdles, bank downtime, and rising competition. In addition, inaccurate beneficiary details alone account for nearly a third of failed cross-border transactions, incurring significant costs and delays, according to the financial services company. Recognising the challenges, Swift said it has introduced its Payment Pre-validation service, which…
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Investor sentiment favours the low-cost short-haul airline over IAG, which specialises in longer-haul flights, and experts note that a strong jobs market in Europe is contributing to an increased demand for short-haul air travel. Longer flight times have yet to pick up since the end of the COVID-19 pandemic despite a strong macroeconomic outlook. Don’t…
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At the beginning of 2023, Toyota, the largest automaker in the world, set itself the task of selling 10 million vehicles bearing the Lexus and Toyota brands, and as the year comes to an end beside promising data across three continents, the motor company is on track to complete this mission. Data shows that approximately…
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At a stage, brent crude was down 1.63% at $1.30 per barrel. US West Texas Intermediate crude clocked a 1.60% or $1.19 loss. Reportedly, in November, OPEC proposed cutting Angola’s 2024 production quota, which is approximately 1.1 million barrels per day. Reuters quoted a UBS analyst who commented: From an oil market supply perspective, the…
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With these advancements, CFI aims to transform the landscape of online trading by introducing new, innovative tools and approaches. These developments address traders' most pressing challenges, including managing risk, controlling emotional decision-making, simplifying access to critical trading information, and enhancing automation in trading activities. The AI Assistant is envisaged as a vital ally to traders,…
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