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Higher producer prices ease China deflation fears
1+ hour, 37+ min ago (133+ words) The data comes amid widespread concerns of a global wave of inflation resulting from the Iran war. China reported higher producer prices for the first time since 2022, alleviating fears of persistent deflation in the world's second-biggest economy, but driving concerns…...
Inside the five-year succession plan at a $130 B warehouse giant
2+ hour, 19+ min ago (517+ words) The reason is that Moghadan began the process back in early 2021, gradually giving Letter more responsibilities before January 1 this year, when his prot'g' became CEO and he stepped up to be executive chairman. It's an approach to succession that few…...
AI turbocharges Chinese microdrama industry
10+ hour, 17+ min ago (126+ words) China's microdrama industry is booming thanks to AI. The short-form videos " essentially "soap operas rebuilt for smartphone attention spans" " started taking off in China in recent years, but AI has allowed the industry to launch about 470 new titles daily in…...
Open AI pauses UK Stargate project
14+ hour, 23+ min ago (129+ words) Open AI is pausing its UK data center project, citing high energy costs and regulatory conditions. Open AI is pausing its UK data center project, citing high energy costs and regulatory conditions The multibillion-dollar Stargate project is part of the…...
UK rejects Iran's Hormuz toll plan
14+ hour, 24+ min ago (150+ words) The UK's top diplomat on Thursday rejected Iran's toll plan for the Strait of Hormuz, characterizing the effort as a "hijacking" of the crucial transit route. The UK's top diplomat on Thursday rejected Iran's toll plan for the Strait of…...
American Gen Zers are growing more uneasy about AI
10+ hour, 19+ min ago (183+ words) Slightly more American Gen Zers are using AI, but they're also growing more uneasy about it, new data showed. According to a Gallup report, the percentage of respondents feeling hopeful or excited about AI has declined steeply over the past…...
Amazon defends high AI spending
10+ hour, 24+ min ago (247+ words) Semafor Amazon defends high AI spending US tech giants are doubling down on massive AI spending despite lingering concerns of a bubble and energy shocks stemming from the Middle East conflict. Amazon CEO Andy Jassy dismissed concerns about the company's…...
Israel, Lebanon to hold direct talks
14+ hour, 28+ min ago (229+ words) Semafor Israel, Lebanon to hold direct talks Israel and Lebanon are set to hold direct talks in Washington next week, as Israel's campaign against Hezbollah threatens to derail the US-Iran ceasefire. Israeli Prime Minister Benjamin Netanyahu vowed to continue striking…...
Republicans fight among themselves over their long pre-election to-do list
11+ hour, 25+ min ago (1166+ words) Republicans are trapped in a messy fight over their pre-election agenda that will extend the longest government shutdown of all time and threatens to complicate an already tough midterm campaign. President Donald Trump's party has a dizzying to-do list for…...
View: Ceasefire offers respite, but no quick rebound for the Gulf
11+ hour, 25+ min ago (435+ words) Gulf interests were largely ignored in the truce, as Iran continues to restrict shipping through the Strait of Hormuz. View / Ceasefire offers respite, but no quick rebound for the Gulf Yesterday's ceasefire began with moments of relief in the Gulf,…...
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