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Author's articles
Nvidia crushes earnings expectations on AI chip demand
US chipmaking behemoth Nvidia said Wednesday it made a $19 billion profit on record high revenue last quarter as demand continued for its hardware to power artificial intelligence. Nvidia surpassed Apple early this month to become the highest valued company in the world as the artificial intelligence boom continues to excite Wall Street.
Macron praises EU-Chile trade agreement on Latin America tour
French President Emmanuel Macron on Wednesday hailed a recently upgraded EU-Chile free trade agreement as he met counterpart Gabriel Boric in Santiago on the last leg of a Latin America tour. "It is a trade agreement that is consistent with our climate and biodiversity ambitions," Macron said at a meeting with Boric.
Musk details mass cuts to US federal spending and staff
Elon Musk outlined plans Wednesday for his new role as "efficiency" czar -- signaling an assault on federal spending and staffing that would be backed by President-elect Donald Trump's executive powers and a conservative Supreme Court.
Awaiting Trump, US auto execs further temper EV push
US auto giants signaled Wednesday they could further slow the ramp-up of electric vehicle production as Detroit awaits the arrival of a Trump administration eager to reverse key Biden climate initiatives.
Ryanair threatens to drop 10 French airports over tax hike
Low-cost airline Ryanair threatened Wednesday to stop serving 10 French regional airports if the government goes forward with a proposed tax hike. Ryanair said the tax increase would fall most heavily on passengers using regional airports, which are primarily served by low-cost airlines and the tax hike would have a larger impact.
US Fed official warns against cutting rates 'too quickly'
The US Federal Reserve should be careful not to cut rates "too quickly" and risk reigniting stubborn inflation, a senior bank official said Wednesday.
Johnson & Johnson risks UK lawsuit over talc cancer claim
UK claimants announced Wednesday legal action against US pharmaceutical and cosmetics giant Johnson & Johnson, alleging that women diagnosed with cancers were exposed to asbestos in the company's talcum powder.
Arnault family to complete Paris FC acquisition "in coming days"
The family of France's richest person, Bernard Arnault, will complete the acquisition of Paris FC "in the coming days", the Ligue 2 club's president said during a press conference Wednesday. The Arnault Family will become the majority shareholders of Paris FC, with Austrian company Red Bull also acquiring a minority share, once the necessary administrative procedures have all been finalised.
Stock markets retreat ahead of Nvidia earnings
US and European stock markets retreated on Wednesday as investors eagerly awaited results from artificial-intelligence giant Nvidia. Many investors see the company as a bellwether for the tech sector and artificial-intelligence demand that have helped power Wall Street to multiple record-highs this year.
AFP
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