Page 997 - World News

AI chip firm Cerebras records threefold revenue jump in US IPO filing

Receding recession fears and a strong equities rally have also rejuvenated the US IPO market in 2024 after two lackluster years

Global investors call time on their exodus from China, ready to stake bets

China's factory activity shrank for a fifth straight month and the services sector slowed sharply in September, suggesting Beijing may need to move urgently to meet its 5 per cent 2024 growth target

Hurricane John floods towns along Mexico's Pacific coast, leaving 15 dead

The Mexican army began delivering aid packages to families in the town that were hit last year by Hurricane Otis

Biden administration toughens asylum restrictions at border to stir voters

These changes will make it much more difficult to lift the restrictions and allow people entering the country between the official border crossings eventually to apply for asylum in the US

Fed drives global push to cut rates despite uncertainties over 2025

Whatever happens, a sustained period of central bank activism, in contrast to the recent hiatus of higher-for-longer rates, is likely to take hold

China marks 75 years of Communist Party rule as challenges, threats linger

No festivities have been announced for the occasion on Tuesday, save for a flag-raising ceremony at Tiananmen Square

Indian-American member of US prez panel welcomes release of 250K visa slots

The US Mission in India opened the additional slots for travellers -- including tourists, skilled workers and students -- officials said on Monday

Helene's toll passes 100, Biden to visit North Carolina for aerial survey

Biden said he will travel to Raleigh to get a briefing from state and local officials and take an aerial tour of Asheville

Here's how Helene, other storms dumped 40 trn gallons of rain on US South

The flood damage from the rain is apocalyptic, meteorologists said. More than 100 people are dead, according to officials

Biden govt opts out of running for re-election on UN Human Rights Council

The administration had made US membership on the Geneva-based council a priority when it took office in 2021

Donald Trump makes false claims about federal response to Hurricane Helene

The former president and Republican nominee claimed upon landing in Valdosta that President Joe Biden was sleeping and not responding to Georgia Governor Brian Kemp

US economy in 'solid shape' with gradual rate cuts coming, says Powell

Economists are already pointing to Friday's jobs report as a key piece of data that could alter the Fed's policy path

Why automotive manufacturing firm Stellantis, owner of Jeep, is struggling

In 2021, PSA merged with Fiat Chrysler, and the combined company adopted the name Stellantis

Chinese stock market enters bull market after biggest surge since 2008

The CSI 300 Index jumped 8.5% Monday, marking the most since 2008 as traders rushed to buy shares in the last session before a week-long holiday

Rates will over time reach neutral level, says US Fed chief Powell

"If the economy evolves broadly as expected, policy will move over time toward a more neutral stance," Powell said

More Chinese heading to Europe, far-flung hotspots for Golden Week holiday

Bookings for overseas flights and hotels have spiked from last year's holiday week, with international flight reservations doubling and Europe showing some of the the biggest growth

China's factory, service sects skid for 5th month as stimulus calls grow

Authorities last week also launched the country's most aggressive stimulus package since the COVID-19 pandemic

Japan's SoftBank to invest $500 mn in OpenAI's latest funding: Report

Apple reportedly dropped out of plans to participate in the large funding round, which currently values the artificial intelligence startup at $150 billion before the SoftBank investment

Verizon to sell mobile towers to infra firm Vertical Bridge in $3.3 bn deal

The deal, covering 6,339 towers across all 50 US states and Washington D.C., includes upfront cash proceeds of $2.8 billion. The towers will be leased back to Verizon for 10 years

Vodafone and Hutchison offer price pledge to answer UK's merger concerns

They said they were also prepared to commit to offer access to their joint network on pre-agreed terms to third-party operators with 2.5 million or fewer customers