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Niklas Zennström, one of Europe’s most successful tech entrepreneurs and investors, believes the continent’s start-ups can still succeed in artificial intelligence despite their huge funding gap with US rivals. European start-ups can thrive by developing applications that are built on top of AI platforms run by US-based companies such as OpenAI or Google, Zennström told
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The first time Donald Trump offered to buy Greenland in 2019, Danish politicians were apoplectic, branding him and his proposal a joke. This time around, after the US-president elect renewed his interest in controlling the geopolitically crucial Arctic island, the government in Copenhagen has been much more circumspect. Trump’s off-the-cuff policymaking has a way of
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Last month, my car went into the shop for its third software-related recall in six months. Once again the friendly guys at the dealership were unable to install the necessary update on their own. Instead our now-undriveable SUV sat on their lot, awaiting its turn with experts at BMW headquarters. The queue took four days.
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China’s three biggest state-owned airlines are rapidly expanding routes and capacity to Europe as their ability to fly over Russian airspace gives them a cost advantage over regional rivals. Western carriers have slashed direct flights to China, with Scandinavian Airlines, Lufthansa, British Airways and Virgin Atlantic all suspending some routes to the mainland in 2024,
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China’s currency has weakened to a 16-month low as the potential of sharp tariff increases from the incoming Trump administration fuels selling pressure on the renminbi. The onshore renminbi weakened 0.1 per cent to Rmb7.34 against the dollar on Wednesday, its weakest since September 2023, in spite of the People’s Bank of China maintaining a
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Home Office minister Jess Phillips has said that “disinformation” spread by Elon Musk about grooming gangs in the UK and the government’s response is “endangering” her life. Phillips has come under sustained attack from the technology billionaire, who has labelled her an “evil witch” and “rape genocide apologist”, while calling for her to be jailed.
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US stocks sold off on Tuesday, while government bond yields jumped, after strong jobs and services data prompted investors to bet the Federal Reserve will lower interest rates just once this year. Wall Street’s S&P 500 share gauge fell 1.1 per cent, while the technology-heavy Nasdaq Composite closed 1.9 per cent lower. Electric-car maker Tesla
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<img src=”https://public.flourish.studio/visualisation/21069905/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were mixed Tuesday but outperformed the U.S. Treasury market while equities closed the session in the red. Triple-A yield curves barely moved compared to the losses in USTs, which saw yields rise over the entire curve and up to eight basis points 10-years and out, pushing ratios lower.
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JP Morgan is the latest major bank to quit the Net-Zero Banking Alliance. Its membership in the group led Texas to put it under review for compliance with a 2021 state law that prohibits governmental contracts with companies that “boycott” the fossil fuel industry. Bloomberg News JP Morgan announced Tuesday it is leaving the Net-Zero
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Artificial intelligence start-up Anthropic is close to securing a $2bn investment in a deal that would triple the four-year-old company’s valuation to $60bn. The maker of the Claude AI chatbot is in advanced talks about raising the fresh capital from a number of top Silicon Valley investors, including Lightspeed Venture Partners, according to people familiar
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“A growing number of states have either adopted or are pursuing flat income taxes, with Iowa and Louisiana bringing the total number to 14 as of this year,” said Jared Walczak, VP of state projects, the Tax Foundation. The Tax Foundation The new year brings the start of new tax laws in 39 states as the
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The Oklahoma Turnpike Authority could be selling $1.3 billion of revenue bonds in late January to continue financing for a controversial expansion project and to refund outstanding debt. Oklahoma Turnpike Authority The Oklahoma Turnpike Authority could be back in the municipal bond market late this month with a $1.3 billion deal to continue financing for
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