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Microsoft earnings to highlight AI, cloud services direction
Editorial lcva2/iStock via Getty Images Microsoft (Nasdaq: MSFT) is in the process of delivering its third-quarter financial results after the close of trading on Tuesday, and a lot of Wall Street will be paying attention to what the…
UK government borrows less than expected, raising prospect of tax cuts
The UK government borrowed £139.2 billion in the 2022-23 financial year, well below official forecasts, in a development that opens the way for possible tax cuts later in the year.The borrowing figure, published by the Office for…
Chamath Palihapitiya: ‘Crypto is dead in America’ thanks to regulators
Project investor Chamath Palihapitiya, who once believed that Bitcoin had "effectively replaced gold," thought now that “cryptocurrency is dead in America” due to US regulatory pressure on the sector.
Palihapitiya said on an episode of…
Debt payments surpass State running expenses
Economy
Debt payments exceed current state expenditures
Tuesday, April 25, 2023
Cabinet Secretary Professor Nguguna Ndongo with Principal Secretary Dr Chris Kiptu. file image | NMG
Debt repayments for the first nine months…
Government pledges £100M for taskforce to help UK build and adopt next generation of safe AI
The Prime Minister and Technology Secretary have announced £100 million in seed start-up funding for a task force responsible for accelerating the UK's capacity in a rapidly emerging type of artificial intelligence.
The Prime Minister…
The Rich World’s Plan to Help Developing Countries Go Green Is Floundering
Breadcrumb Trail Links PMN Business An $8.5 billion deal to finance South Africa’s transition away from coal is mired in politics and power cuts. Author of the article: Bloomberg News Antony Sguazzin and Paul Burkhardt…
Milk prices to rise again in Israel next week
The Israeli Ministry of Agriculture announced today that the price of a liter of government-controlled milk will rise by 3% on May 1, from NIS 6.23 to NIS 7.23.
…
Euro to the fore as hawkish hike looms By Reuters
© Reuters. FILE PHOTO: US dollar and euro banknotes are shown in this illustration taken on July 17, 2022. REUTERS/Dado Rovik/Illustration
By Tom Westbrook SINGAPORE (Reuters) - The dollar slowed and the euro rose on Tuesday, as…
First Republic to Shrink as Deposits Drop More Than Expected
(Bloomberg) -- First Republic Bank is cutting its workforce, shrinking its balance sheet and making strategic choices after deposits fell more than analysts expected during the regional banking crisis last month.Most Read from BloombergBank…
First Republic shares plunge as it reveals $100bn deposit flight
The California-based lender disclosed on Monday that customers withdrew more than $100 billion in deposits from the First Republic last month amid broader turmoil in the banking industry, sending its shares down as much as 20…
