{
Karen Tso

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China rapidly advancing in technology warns Microsoft president

Microsoft's president, Brad Smith, emphasized that China is rapidly advancing in technology, challenging the assumption that it lags behind the West. He noted that U.S. and Chinese companies will continue to compete in tech, urging collaboration to foster innovation globally. Smith highlighted the complexities of doing business in China, where success depends on aligning with both Chinese and U.S. government interests.
CNBC
United States Dollar Starbucks Corporation Siemens Energy AG General Motors Company Huawei Technologies CO. Ltd. Microsoft Corporation Mercedes-Benz Group AG PRT USA CHN Joe Biden Donald Trump Karen Tso Brad Smith Satya Nadella Show more
Technology & Innovation, News Article
09:37 13.11.2024

malaysia aims for asian tiger status while avoiding economic inequality pitfalls

Malaysia aims to achieve "Asian Tiger" status by fostering sustainable growth and addressing inequality, according to central bank governor Abdul Rasheed Ghaffour. The country has seen better-than-expected GDP growth of 5.1% this year, driven by a booming semiconductor sector, while preparing for potential economic shifts due to the upcoming U.S. presidential election. Ghaffour emphasizes the need for resilience and quality growth to avoid past economic pitfalls.
CNBC
United States Dollar Intel Corporation WORLD ECONOMIC FORUM KOR MYS TWN USA HKG Donald Trump Kamala Harris Abdul Rasheed Ghaffour Karen Tso Show more
Finance & Economy, News Article
13:26 25.10.2024

eurozone central bank members discuss potential half-point interest rate cut

Mārtiņš Kazāks, governor of the Bank of Latvia and ECB Governing Council member, indicated that a jumbo half-point interest rate cut is possible for December, emphasizing that all options should be considered. His remarks follow a recent back-to-back rate cut by the ECB and come amid lower-than-expected inflation data, which has shifted the outlook towards potential further cuts. Kazāks noted that while the bank remains in restrictive territory, easing rates will depend on forthcoming economic data.
CNBC
Euro European Central Bank Legal Entity of Public Law LVA Mārtiņš Kazāks Mario Centeno Karen Tso Show more
Finance & Economy, News Article
15:30 24.10.2024

escalating us china trade tensions could harm global economy warns imf

Escalating trade tensions and tariffs between the U.S. and China could have significant global economic repercussions, according to IMF deputy managing director Gita Gopinath. She emphasized that increased protectionist measures would lower output, pressure inflation, and disrupt global supply chains, ultimately harming all parties involved. Maintaining strong U.S.-China relations is crucial for global economic stability, as unilateral actions threaten the rules-based trading system.
CNBC
United States Dollar Euro International Monetary Fund FUND Institute of International Finance USA CHN Kristalina Georgieva Gita Gopinath Tim Adams Karen Tso Show more
Finance & Economy, News Article
17:51 23.10.2024

ecb policymakers divided on potential half-point rate cut amid growth concerns

European Central Bank policymakers are divided on the potential for a significant half-point interest rate cut in December, following recent back-to-back quarter-point cuts. While some officials, like Mario Centeno and Klaas Knot, see data trends supporting larger cuts, others, including Christine Lagarde and Robert Holzmann, emphasize a cautious approach, focusing on incoming economic data. Inflation in the eurozone has recently dipped below the ECB's 2% target for the first time since June 2021, raising expectations for further rate adjustments.
CNBC
Euro European Central Bank Legal Entity of Public Law NLD PRT DEU AUT Christine Lagarde Karen Tso Klaas Knot Robert Holzmann Mario Centeno Show more
Finance & Economy, Market Report
14:50 23.10.2024

big tech fuels nuclear power revival to meet surging electricity demand

Big Tech is spearheading a nuclear power revival in the U.S., driven by the increasing energy demands of data centers and AI. Microsoft has signed a 20-year deal to restart the Three Mile Island reactor, while Google is partnering with Kairos Power for small modular reactors. With electricity demand projected to surge, the nuclear sector is experiencing a significant resurgence, highlighted by substantial investments and new projects.
CNBC
United States Dollar Constellation Energy Corporation Kairos Power Amazon.com, Inc. Google Inc. Microsoft Corporation USA Dan Yergin Karen Tso Ryan Browne Show more
Technology & Innovation, News Article
13:58 23.10.2024

imf warns of worsening property market as china's growth outlook declines

The IMF has downgraded China's growth forecast to 4.8% for this year, citing a worsening property market as a significant risk. The report warns of potential further price corrections and reduced consumer confidence, despite recent government measures aimed at stimulating the economy. China's GDP growth for the third quarter was reported at 4.6%, slightly above expectations, but concerns remain over the sustainability of these support measures and their impact on public finances.
CNBC
United States Dollar People's Bank of China IMF USA JPN CHN Karen Tso Lan Fo’an Pierre-Olivier Gourinchas Show more
Finance & Economy, Market Report
03:43 23.10.2024
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