Nvidia forecasts upbeat revenue on metaverse hopes
Nvidia Corp (NVDA.O) forecast fourth-quarter revenue above analysts’ expectations on Wednesday, betting on growth in its data center business as more internet companies set out to invest in artificial intelligence and the metaverse.
Inflation fears but Turkey likely still in rate-cut mode
European gas prices have resumed their climb and are up 60% so far in November , while Wednesday’s data showed a U.S. homebuilding sector beset with shortages of labour and material. And companies continue warning of higher costs that could hit margins.
Shipping rate surge threatens global economy recovery, UNCTAD says
A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, U.N. agency UNCTAD said on Thursday.
Google signs 5-year deal to pay for news from AFP
Alphabet Inc’s Google will begin paying Agence France-Presse for its news content as part of broad five-year partnership announced Wednesday that marks one of the biggest licensing deals struck by a tech giant under a new French law.
Thyssenkrupp’s profit to double in 2022, flags hydrogen IPO
Thyssenkrupp’s (TKAG.DE) operating profit could more than double next year, the submarines-to-steel group said on Thursday, boosted by an economic recovery and turnaround that will likely include listings of its hydrogen and steel divisions.
Analysis: Pandemic debt adds to challenge of funding world’s climate goals
Huge spending by governments kept the world economy afloat during the pandemic as officials mobilized a fiscal response not seen since World War Two to bolster household incomes and give businesses a fighting chance to survive the health crisis.
California has reached an agreement with Amazon over worker safety
According to the state’s attorney general, Amazon has agreed to pay $500,000 and to be supervised by California officials to ensure that it properly tells its workers about new coronavirus infections. California accused Amazon of violating Assembly Bill 685, a state “right-to-know” law that goes into effect in September 2020. According to the law, employers […]
Dollar gets fresh legs from U.S. data, hawkish talk
The U.S. dollar held above 4-1/2 year highs versus the yen and was set to make fresh gains towards the $1.12 levels against the euro on Wednesday after robust U.S. data and hawkish comments from Fed policymakers boosted expectations of a rate hike as early as mid-2022.
Global need for copper, nickel will multiply over next 30 years -BHP
The global markets will need four times the nickel and double the copper in the next 30 years to facilitate a decarbonised world, a BHP Group (BHP.AX) executive said on Wednesday.
Dollar stands tall after firm U.S. data, Asian stocks wobble
The dollar reached a four-and-a-half-year high against the yen on Wednesday after better-than-expected U.S. retail data, which also boosted Wall Street equities, although Asian shares failed to follow suit.
