World

The latest report from the National Bureau of Statistics in China paints a mixed picture of the country’s economic outlook. While retail sales exceeded expectations with a growth of 2.7% in July, industrial production fell short of forecasts at 5.1%. This discrepancy between the two key indicators suggests a lack of balance in the Chinese
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European stocks saw a slight increase on Tuesday, with the pan-European Stoxx 600 index trading 0.2% higher, erasing earlier losses. Utilities led gains with a 0.8% rise, while mining stocks slipped by 0.7%. This comes after a mixed closing for European stocks on Monday, as investors await U.S. and U.K. inflation data. U.K. wage data
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Apple is planning to introduce Apple Intelligence, its forthcoming AI system, across some of its devices later this year. This move is aimed at enhancing the growth of its services business, which has already generated significant revenue for the company. Analysts believe that Apple could potentially charge its users between $10 and $20 for access
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Sony’s finance chief, Hiroki Totoki, recently made a statement indicating that Sony will not reconsider making a new bid for film and TV production group Paramount Global. He expressed that acquiring Paramount does not align well with Sony’s overall strategy and capital allocation structure. This decision was based on the potential risks involved in acquiring
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