Europe launches AI one-stop shop with supercomputers for startups
Europe's startups will get easier access to artificial intelligence-dedicated supercomputers to help them develop general purpose AI models as part of a new one-stop shop to boost take up of the technology, the European Commission said on Wednesday.
Oil edges up 1% on big US crude withdrawal, China stimulus
Oil prices edged up about 1 percent on Wednesday on a bigger-than-expected U.S. crude storage withdrawal, a slump in U.S. crude output, Chinese economic stimulus, geopolitical tensions and a weaker dollar.
World stocks pick up, China markets struggle
Global stocks neared one-month highs on Tuesday, after the Bank of Japan left monetary policy unchanged, bolstering the yen and Japanese stocks, while Chinese equity investors took little heart from speculation of a huge government rescue package.
Philippines c.bank: rate hike transmission significant
The pass-through effect of the Philippine central bank's series of rate hikes since 2022 has been "quite significant", a senior Bangko Sentral ng Pilipinas official said on Friday.
Waning supplies prop up India rates to 4-month peak, Thai prices rise
Reuters - Prices of parboiled rice exported from top hub India jumped to their highest level in four months this week, while strong demand and shrinking supplies supported rates for the Thai variety.
