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Banking Featured Finance World

Exclusive: Micron to exit server chips business in China after ban, sources say

 Micron plans to stop supplying server chips to data centres in China after the business failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, two people briefed on the decision said. Micron was the first U.S. chipmaker to be targeted by Beijing – a move that was seen as retaliatory […]

Technology Featured Finance Global

AI may boost output but fuel divergence between rich and poor countries, IMF chief says

“If we were to extract that kind of boost of growth that would be very significant for the world,” IMF Managing Director Kristalina Georgieva said during the IMF and World Bank annual meetings in Washington. Booming investment in artificial intelligence, concentrated mostly in the U.S., could contribute between 0.1% and 0.8% to global growth, but […]

Economy Banking Featured Finance

Gold leaps above $4,100 on Fed rate cut hopes, US-China trade tension

Fed Chair Powell to address NABE annual meeting on Tuesday. Gold prices jumped to a record high above $4,100 on Tuesday, supported by rising expectations of a U.S. Federal Reserve rate cut this month and safe-haven demand following renewed trade tensions between the world’s two largest economies. Spot gold rose 0.6% to $4,132.89 per ounce […]

Economy Featured News trade

Wall Street advances as Trump cools China rhetoric

 Wall Street’s main indexes advanced on Monday following Friday’s pullback, as investors returned to risk assets after President Donald Trump’s softer tone eased concerns over renewed U.S.-China trade tensions. Aiding sentiment, U.S. Treasury Secretary Scott Bessent said in an interview with Fox Business Network on Monday that Trump was on track to meet his Chinese counterpart in […]

Economy Finance News World

IMF chief says global economy doing ‘better than feared,’ risks remain

IMF Managing Director Kristalina Georgieva said the U.S. economy had dodged a recession feared by many experts just six months ago. The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, forecasting only a slight slowing of global growth this […]

Business Energy Featured Finance World

Next Decade secures $1.8 billion funding from Total Energies, GIP for Rio Grande LNG project

 U.S. liquefied natural gas developer Next Decade will receive up to $1.8 billion in equity commitments from Total Energies and Global Infrastructure Partners to finance a fourth liquefaction plant at its Rio Grande LNG export project in Texas, the company said on Monday in a regulatory filing. The move brings NextDecade one step closer to a positive […]

Covid-19 Economy Featured Omicron

US drops COVID vaccine recommendation for healthy kids, pregnant women

 The U.S. has stopped recommending routine COVID-19 vaccinations for pregnant women and healthy children, Health Secretary Robert F. Kennedy Jr announced in a social media post on Tuesday, circumventing the CDC’s traditional recommendation process. Kennedy, FDA commissioner Marty Makary and National Institutes of Health director Jay Bhattacharya said in a video that the shots have […]

Finance Banking Economy Featured

The Commodity Markets Outlook in eight charts

The views expressed in the Let’s Talk Development blog are solely those of the author(s). Commodity prices are projected to decline in 2025, driven by improved supplies, policy uncertainty, and an expected slowdown in global economic growth. Energy prices are expected to see the steepest drop, with the World Bank’s energy price index forecast to fall […]