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Economy

“Annual inflation rate slows to 2.9% in July, lowest since 2021”

“The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%, its lowest since March 2021. Excluding food and energy, core CPI came in at a… Continue Reading…

Business

“Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan”

“Microsoft said on Tuesday it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan, the latest in a series of overseas expansions by large tech firms to support the development of artificial intelligence.… Continue Reading…

Business

“TSMC to invest $2.9 billion in advanced chip packaging plant in Taiwan”

“Taiwan Semiconductor Manufacturing Company plans to invest nearly $90 billion New Taiwan dollars (about $2.87 billion) in an advanced chip packaging plant in Taiwan, the company told CNBC on Tuesday. It comes as global chipmakers seek to capitalize on the artificial… Continue Reading…

Economy

“World Bank slashes global growth forecast to 2.9%, warns of ‘stagflation’ risk”

“The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022, warning that Russia’s invasion of Ukraine has compounded the damage from the COVID-19 pandemic, and many countries now faced recession… In a… Continue Reading…

Economy

“The global economy is likely to rebound in 2020…”

“Global growth is expected to hit 3.3 percent this year, the IMF predicted. That is up from 2.9 percent last year, which was the worst year for the world economy since the Great Recession. The more upbeat forecast for 2020 is… Continue Reading…