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Tech migrants 'key' for US growth, warns OECD chief economist
High-skilled migrants are vital for the US economy, the OECD's chief economist told AFP, after the United States imposed a $100,000 fee for H-1B visas widely used by the tech industry. Such visas are widely used by the tech industry.
OECD ups world economic outlook as tariffs contained, for now
The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday. In June, the Paris-based organisation had cut its forecast from 3.1 percent to 2.9 percent, warning at the time that Trump's tariffs would stifle the world economy.
Sunset for Windows 10 updates leaves users in a bind
Microsoft's plan to halt updates for its Windows 10 operating system in mid-October has raised hackles among campaign groups and left some users worried they must buy new computers to be safe from cyberattacks. - Computers running Microsoft's 2015-vintage Windows 10 will receive no further updates from the American tech giant from October 14.
Asian markets struggle as focus turns to US inflation
Asian markets struggled Tuesday to track another record day on Wall Street, with traders now awaiting the release of US inflation data that could dictate Federal Reserve policy in coming weeks. The tepid performance came after a hot couple of weeks on trading floors fuelled by optimism over an easing of US monetary policy.
Maverick Georgian designer Demna debuts for Gucci in Milan
Maverick Georgian designer Demna makes his debut for Gucci at Milan Fashion Week on Tuesday with a film of a family of Italian characters bursting with attitude, as the house pledged a "new era" its history. The Italian fashion house, famous for its handbags, has struggled since the Covid pandemic against a slowing Chinese appetite for luxury goods that has hit the sector hard worldwide.
Singapore firm rejects $1bn Sri Lankan pollution damages
A Singapore shipping company told AFP on Tuesday it will refuse to pay Sri Lankan court-ordered damages of US$1 billion for causing that country's worst case of environmental pollution. Sri Lanka's Supreme Court in July ordered the company to pay Colombo an "initial" US$1 billion in damages within a year, with the first tranche of US$250 million to be paid by Tuesday.
China may strengthen climate role amid US fossil fuel push
All eyes are on China this week, as the world's biggest polluter readies a new emissions-cutting plan -- reinforcing its role as a steadfast defender of global climate diplomacy while Europe stalls and the United States doubles down on fossil fuels. And the United States under President Donald Trump has recast itself as a zealous promoter of fossil fuels.
New US Fed governor says rates should be around 'mid-2%'
The US Fed governor newly appointed by President Donald Trump argued Monday for significantly lower interest rates, signaling that concerns over inflation may be overblown. But underscoring policymakers' different considerations, St Louis Fed President Alberto Musalem cautioned in a separate speech Monday of risks that above-target inflation could be more persistent than desirable.
Nvidia to invest up to $100 bn in OpenAI data centers
Nvidia said Monday it will invest up to $100 billion in OpenAI, building infrastructure for next-generation artificial intelligence.
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