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Economy

Microsoft plans to spend $80 billion on AI-enabled data centers in fiscal 2025

(Reuters) -Microsoft is planning to spend $80 billion in fiscal 2025 on the construction of data centers to train artificial intelligence (AI)…

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Economy

Hong Kong budget deficit to be just under HK$100 billion, financial chief says

HONG KONG (Reuters) – Hong Kong’s deficit for this fiscal year is expected to be just below HK$100 billion ($13 billion), the…

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Economy

Fed’s Kugler says data will drive Fed policy choices amid uncertainty

By Michael S. Derby (Reuters) – Federal Reserve Governor Adriana Kugler said on Friday the U.S. central bank is uncertain about what…

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Economy

Britain vows – again – to reform social care, but no plan until 2028

LONDON (Reuters) – Britain’s latest plan to overhaul increasingly costly care for older and disabled adults will not be delivered until 2028…

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Economy

Turkey inflation drop hints at further rate cut to 45.0%- economist

Investing.com — Turkey experienced a larger-than-expected decrease in inflation last month, falling to 44.4% from 47.1% in November. The inflation decline was…

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Economy

Take Five: And we’re off

LONDON (Reuters) – The first full trading week of 2025 brings key U.S. jobs data as well as Chinese and euro zone…

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Economy

Norway sovereign wealth fund makes $1.07 billion US real estate transaction

COPENHAGEN (Reuters) -Norway’s sovereign wealth fund said on Friday it had acquired a 45% stake in a portfolio of logistics properties in…

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Economy

German unemployment rises less than expected in December, labour office says

BERLIN (Reuters) – The number of people out of work in Germany rose less than expected in December, federal labour office figures…

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Economy

Apple’s discounts, Chinese manufacturing, UK house prices – what’s moving markets

Investing.com — Wall Street is seen trading slightly higher Thursday ahead of the release of weekly unemployment figures and key US manufacturing…

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Economy

Global insurance rates fall 0.9% in 2024, first drop since 2017, report says

LONDON (Reuters) – Global insurance premiums fell 0.9% last year as the market became more competitive after years of rate rises, insurance…

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