The European Central Bank celebrated its 25th anniversary Wednesday but soaring inflation in the eurozone threatened to put a damper on festivities at the Frankfurt-based financial institution.. The central bank has battled myriad challenges over the years -- from the eurozone's sovereign debt crisis, which rumbled through the 2010s, to a long phase of inflation that was well below its target.
Britain's annual inflation rate fell sharply to a 13-month low of 8.7 percent in April but prices remain elevated as the country faces a cost-of-living crisis, official data showed Wednesday.. It hiked the rate by a quarter-point to 4.5 percent -- its 12th increase in a row, fuelling a cost-of-living crisis across Britain.
Germany is seeking to lead a European charge to boost chip production with a series of mega-investments but the drive faces challenges ranging from high energy prices to subsidy rows and worker shortages.. Industrial powerhouse Germany -- whose carmakers were among firms hit hard by the shortages -- is hoping to lead the European renaissance, with major investments announced in recent times, including from Intel, Infineon, Bosch and Wolfspeed.
The European Central Bank celebrates its 25th anniversary Wednesday but soaring inflation in the eurozone threatens to put a damper on festivities at the Frankfurt-based financial institution.. Nevertheless, Lagarde has sought to strike an upbeat tone ahead of the anniversary, insisting last week there was a "strong cause for celebration".
Asian markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled US debt ceiling talks to avert a painful default.. After the sell-off on Wall Street, Asia was also under pressure on Wednesday.
At an AI talk on a Cannes beach, a presenter's voice is cloned and used to say a random phrase in three languages, while another's face is replaced live on screen as they speak.. - Voice cloning - Magdalena Zielinska of ElevenLabs in Poland which claims to have created the "most expressive" AI voices available, says tools to check if a voice is synthetic will be essential.
Apple on Tuesday announced a multi-billion-dollar collaboration with US tech firm Broadcom to make "cutting edge" components for wirelessly connecting to high-speed 5G telecom networks.. The alliance will include designing and manufacturing sophisticated radio frequency components and other "cutting-edge wireless connectivity" parts in the United States, according to Apple.
Scientists suffering insults and mass-spam are abandoning Twitter for alternative social networks as hostile climate-change denialism surges on the platform following Elon Musk's takeover.. Glaciologist Ruth Mottram had more than 10,000 followers on Twitter but left in February and joined an alternative scientists' forum powered by Mastodon -– a crowdfunded, decentralised grouping of social networks founded in 2016.
New York's iconic Flatiron Building was auctioned off Tuesday for $161 million to a group of investors led by real estate developer Jeffrey Gural, after the previous bidding's winner failed to complete the transaction, organizers said.. After Garlick pulled out of the deal, the building could have automatically gone to Gural, who had offered $189.5 million in March, but he opted for a new auction to be held.
The top US health official on Tuesday issued a stark warning to parents, tech companies and regulators, saying the evidence is growing that social media use may seriously harm children.. Murthy called on policymakers to strengthen safety standards around social media and urged tech companies to responsibly assess the impact of their products on children and share data with researchers.
