Economy

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Most markets track Wall St losses as jitters set in ahead of Fed
Most markets track Wall St losses as jitters set in ahead of Fed
by  AFP

Most stocks fell in Asia on Tuesday as investors grow nervous about the Federal Reserve's plans for interest rates next year following an expected cut this week. However, the excitement has calmed in recent days and Bloomberg reported that markets are pricing two more reductions next year, down from the three expected last week.

Rising living costs dim holiday sparkle for US households
Rising living costs dim holiday sparkle for US households
by  AFP

At a Christmas market outside the US capital, festive cheer alone hasn't been enough to drive affordability worries out of shoppers' minds -- as American households contend with creeping inflation this holiday season. His plans underscore the affordability pressures that American households are facing, with dissatisfaction mounting over costs of living.

Data centers: a view from the inside
Data centers: a view from the inside
by  AFP

The expansion of data centers to power the AI boom has more people wondering: what exactly is in a data center? - Concrete warehouse - Data centers are the physical infrastructure that make our digital lives possible, yet most people have never seen one up close or understand how they operate.

Trump says US will allow sale of Nvidia AI chips to China
Trump says US will allow sale of Nvidia AI chips to China
by  AFP

President Donald Trump said Monday he had reached an agreement with President Xi Jinping to allow US chip giant Nvidia to export advanced artificial intelligence chips to China. Under Biden-era restrictions, the H200 and similar advanced chips were blocked from export to China.

EU pushes back 2035 combustion-engine ban review to Dec. 16
EU pushes back 2035 combustion-engine ban review to Dec. 16
by  AFP

A highly-anticipated review of the EU's 2035 ban on new petrol and diesel car sales has been pushed back to next week, the European Commission said Monday. German Chancellor Friedrich Merz has emerged as a leading voice in support of car manufacturers, urging Brussels to allow sales of plug-in hybrids, range-extender vehicles and highly efficient combustion engines beyond 2035.

Deal agreed to save Frankfurt's euro sculpture
Deal agreed to save Frankfurt's euro sculpture
by  AFP

A landmark blue and yellow euro sculpture in the German financial capital Frankfurt, created to mark the single currency's introduction, has been saved after a deal was struck, officials said Monday. But a deal struck between the ECB, city authorities and pro-EU group Europa Union Frankfurt (EUF) will ensure the work is preserved, city official Eileen O'Sullivan announced.