ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSteven Greenway, CEO of Saudi Arabia’s low-cost carrier flyadeal, says that “competition is a given” amongst the low-cost carrier portion of the airline industry and shares how he is repositioning flights to meet the new demand for flights to Syria. Source link
Author: usaeverydaylife
India is set to become the world’s fourth-largest economy.Dinodia Photo | Corbis Documentary | Getty ImagesThis report is from the latest edition of CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary every week on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the emerging powerhouse businesses, and the people behind its rise. Livestream the show on YouTube and catch highlights here. SHOWTIMES:U.S.: Sunday-Thursday, 23:00-0000 ETAsia: Monday-Friday, 11:00-12:00 SIN/HK, 08:30-09:30 India Europe: Monday-Friday, 0500-06:00 CETThe big storyA…
Customers look at BYD electric cars at an auto show in Yantai, in eastern China’s Shandong province on April 10, 2025. Stringer | Afp | Getty ImagesBEIJING — Competition in China’s electric car market just got fiercer with consequences for the domestic economy and even the global auto market.Industry giant BYD last week announced a slew of discounts — some of nearly 30% or more — across several of its lower-end battery-only and hybrid models. The budget-friendly Seagull compact car saw its price drop to 55,800 yuan ($7,750).Other major Chinese automakers have begun following suit.”BYD’s action this time has made…
Deepseek’s logo on Jan. 29, 2025.Andrey Rudakov | Bloomberg | Getty ImagesChinese startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model.The company did not make an official announcement, but the upgrade of DeepSeek R1 was released on AI model repository Hugging Face.DeepSeek rose to prominence this year after its free, open-source R1 reasoning model outperformed offerings from rivals including Meta and OpenAI. The low-cost and short time of development shocked global markets, sparking concerns that U.S. tech giants were overspending on infrastructure and wiping billions of dollars of value…
President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden on April 2, 2025.Saul Loeb | Afp | Getty Images U.S. President Donald Trump has been accused of walking back on his trade policies — a Financial Times columnist succinctly described that apparent pattern as the “TACO” theory, or “Trump Always Chickens Out.”The walk-backs on tariffs has largely been a positive for markets. Now, a federal court has struck down his “reciprocal” tariffs — the same that were put on hold by Trump — lifting U.S. futures.Markets in extended…
German defense firm Renk looks to struggling auto sector for new talent as it scales upTank parts maker Renk is eyeing up talent from the auto sector as it races to scale up and fuel growth in the wake of rising geopolitical tensions and soaring military spending.Earlier this year Germany passed a historic fiscal package that enabled a steep increase in the defense spending capabilities of Europe’s largest economy. The 27-member state bloc is scaling up its defense efforts amid the war in Ukraine and the increasingly strained transatlantic security partnership.Renk, a global leader in creating gear boxes for tanks, is among the defense…
Higher bond yields appeared to help put a damper on the stock market’s strong start to the week on Wednesday, with the 30-year Treasury yield pushing back toward the 5% level as the S & P 500 stalled. The tepid day for equities came after Robert Sluymer, technical strategist at RBC Wealth Management, warned in a note to clients Tuesday that higher interest rates are a looming threat for the stock market. “The key risk we see for equities is the path of interest rates, and while a near-term pullback from important technical levels appears to be taking hold, a…
A Leopard 2 tank gear transmission in a production hall at the Renk AG plant in Augsburg, Germany, on Monday, May 8, 2023.Bloomberg | Bloomberg | Getty ImagesTank parts maker Renk is eyeing up talent from the auto sector as it races to scale up and fuel growth in the wake of rising geopolitical tensions and soaring military spending.Earlier this year Germany passed a historic fiscal package that enabled a steep increase in the defense spending capabilities of Europe’s largest economy. The 27-member state bloc is scaling up its defense efforts amid the war in Ukraine and the increasingly strained…
CNBC’s Jim Cramer on Wednesday said artificial intelligence will be a major factor in jobs across industries in the future, as the new technology shapes the workforce.”If you want to know what’s going to happen in the future — not the near future, like next week or tomorrow, but next year and beyond — then I think you must factor in artificial intelligence,” he said. “When it comes to employment, both public and private, it might be the most important force out there.”Cramer referenced a recent Axios interview with Anthropic CEO Dario Amodei, who warned that AI could increase unemployment…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJane Sun, CEO of Trip.com Group, discusses how the company is leveraging AI to improve customer experience as she shares the three top emerging travel trends of the year. Source link
