Today: September 24, 2024
Today: September 24, 2024

Senators urge $32 billion in emergency spending on AI after finishing yearlong review

Census-AI in Business

WASHINGTON (AP) — A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and place safeguards around it, writing in a report released Wednesday that the U.S. needs to “harness the opportunities and address the risks” of the quickly developing technology.

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BOJ chief signals no rush to raise rates further

The Bank of Japan can afford to spend time watching developments in financial markets and overseas economies as it sets monetary policy, Governor Kazuo Ueda said on

BOJ chief signals no rush to raise rates further
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Australia's central bank holds rates, softens hawkish stance slightly

Australia’s central bank on Tuesday reiterated that interest rate cuts were unlikely in the near term as it held policy steady, but softened its hawkish

Australia's central bank holds rates, softens hawkish stance slightly
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China rolls out broad rate cuts and other stimulus to spur weak economy

China announced a broad range of stimulus measures on Tuesday to support the faltering economy, stabilise the housing sector and restore market confidence.

China rolls out broad rate cuts and other stimulus to spur weak economy
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No bazooka, but China's latest stimulus is a relief

A look at the day ahead in European and global markets from Ankur Banerjee Investors have long clamoured for China to unleash broad-based stimulus measures to help turn sentiment around, and while

No bazooka, but China's latest stimulus is a relief
Business|Economy|Finance

Bank Indonesia to cut twice in Q4 as Fed easing shores up FX confidence, Reuters poll shows

Bank Indonesia (BI) will cut interest rates twice more this year following a surprise reduction on Sept. 18, a Reuters poll of economists predicted, as a

Bank Indonesia to cut twice in Q4 as Fed easing shores up FX confidence, Reuters poll shows
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Taiwan August export orders beat forecasts on solid demand for AI

Taiwan August export orders beat forecasts on solid demand for AI
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German business sentiment falls more than expected in September, says Ifo

German business sentiment falls more than expected in September, says Ifo
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European shares rise on China stimulus; luxury stocks shine

European shares rise on China stimulus; luxury stocks shine
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France's young finance minister acknowledges scale of job as markets fret

France's young finance minister acknowledges scale of job as markets fret