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Restaurants and bars in Singapore’s Boat Quay area on Wednesday, May 17, 2023.Bloomberg | Bloomberg | Getty ImagesSingapore’s inflation rate rose for the second consecutive month compared to the same month last year, with October’s price increase rate hitting its highest level in about a year and exceeding analysts’ expectations. After hitting a four-year low in August, consumer prices rose 1.2% to the highest level since August 2024. That compares with the average estimate of a 0.9% rise in economists polled by Reuters and a 0.7% rise in September.The city-state’s core inflation rate, which deducts the prices of accommodation and…
Amazon Web Services is making significant new investments in infrastructure designed to power U.S. government agencies’ AI capabilities. AWS announced Monday that it will invest $50 billion to build AI “high-performance computing infrastructure” purpose-built for the U.S. government. This increase is intended to expand access to AWS AI services by federal agencies. The project will add 1.3 gigawatts of computing power and expand government access to AWS products including Amazon SageMaker AI, model customization, Amazon Bedrock, model deployment, Anthropic’s Claude chatbot, and more, according to the company. AWS plans to break ground on these data center projects in 2026. “Our…
Dario Amodei, co-founder and CEO of artificial intelligence startup Anthropic.Chesnot | Getty ImagesAnthropic on Monday announced its latest artificial intelligence model, Claude Opus 4.5. The company says this model is excellent at assisting users with coding, computer usage, and complex enterprise tasks. Claude Opus 4.5 marks Anthropic’s third major model launch in two months and serves as the latest example of the non-stop pace of development within the AI industry. The company introduced the Claude Sonnet 4.5 model in late September and the Claude Haiku 4.5 model in October. “We’re incredibly excited given the volume that we’re releasing into the…
Emilia Clarke’s brain aneurysmEmilia Clarke, who filmed battle scenes for Game of Thrones, published an essay in The New Yorker in 2019 titled “A Battle for My Life.”After suffering a severe headache at the gym, the actress writes, “I made it to the bathroom and fell to my knees feeling very, very sick.” “During that time, the pain was getting worse with shooting, stabbing, squeezing pain. On some level, I knew what was happening: my brain was damaged.”She was taken to the hospital for a brain scan.”The diagnosis was swift and ominous: a subarachnoid hemorrhage (SAH) is a life-threatening type…
A photo taken in Abidjan on December 8, 2014 shows a Chinese shoe merchant trading at a market in Ajamen. Xia Kambo | AFP | Getty ImagesChinese business transactions in Africa, once dominated by state-owned enterprises, are now shifting from the private sector to consumer products.Africa’s fastest growing economies such as Kenya, Uganda and Zambia have annual growth rates of 4.8%, 6.4% and 5.8% respectively, while the overall GDP of the continent’s 50+ countries is 4.1%. This is according to the IMF’s economic outlook report released last month. According to the Rhodium Group’s China Cross-Border Monitor released on November 18…
Athleta’s Black Friday sale has officially begun. Yes, the actual sale starts at $2. If you’ve been waiting for the right time to upgrade your workout drawer, work uniform, or “I’m not leaving the couch today” wardrobe, this is definitely your sign. The brand has quietly dropped 30% off everything, including the viral $31 leggings that TikTok refused to shut up about and a $59 jacket that’s warm, lightweight, and cute enough to wear literally anywhere. The best part? The discounts apply to all the everyday essentials you’ll actually reach for again and again, like buttery-soft yoga pants, shaping tights…
Foreign investors remain net sellers of Indian stocks this year, but global companies are rushing to list local units in one of the world’s busiest IPO markets, lured by valuation premiums. Coca-Cola’s Indian bottling division is reportedly weighing a $1 billion float next year. The Indian arm of South Korea’s CJ Darcl Logistics has already submitted a draft, and analysts expect more global companies to bring Indian operations to the market. “Right now, multinationals are going through all the valuation upgrade stages,” said Akshay Gupta of Prime Securities, pointing to German multinational Siemens, which listed its energy unit in March…
Short videos are in high demand. Across large platforms like Instagram, Facebook, YouTube, and TikTok, users watch billions of videos every day, and businesses are benefiting tremendously from this content explosion. For creators, this often means there’s pressure to create more content than ever in order to stay relevant and make a living from it, especially as AI-generated slop permeates these platforms. Jay Neo, short video creator and former content lead at MrBeast, believes AI can also help creators understand what works for them and generate new content ideas in that direction. That’s why they, along with former Palantir engineer…
tesla Sales in China fell to a three-year low in October, raising concerns that the electric car maker could suffer its first full-year sales decline in the country this year. Fierce competition with local rivals such as NIO and lee auto (Both reported this week) And a fierce price war in the face of an economic downturn pushed Tesla’s sales in China to 26,006 units last month. US automakers’ share of China’s EV market shrank from 8.7% in September to 3.2% in October. “Tesla is being surrounded by a swarm of Chinese automakers from top to bottom, left and right,”…
AP — The Group of 20 summit in South Africa concluded on Sunday with the conspicuous absence of the United States, which will next lead EU countries, after the Trump administration boycotted the two-day meeting involving leaders of the world’s richest countries and top developing countries. South African President Cyril Ramaphosa, in keeping with G20 tradition, slammed his wooden gavel against a block like a judge to declare the Johannesburg summit closed. Normally, the gavel is handed to the next country’s leader to serve as rotating president, but no U.S. official took the gavel. The world’s biggest economies boycotted a…