By Eduardo Baptista BEIJING (Reuters) – China’s Baidu Inc will use its ChatGPT-like app Ernie Bot to create a “revolutionary” version of its popular search engine, the company’s CEO said on Wednesday. Baidu, which has invested heavily in artificial intelligence in recent years, is regarded as at the forefront of efforts to create a Chinese …
Baidu’s ChatGPT-like app will revolutionise its search engine, says CEO Read More »
COLOMBO (Reuters) – Sri Lanka’s Board of Investment on Wednesday approved two wind power plants by India’s Adani Green Energy Ltd with a total investment of $442 million, a statement issued by the board said. “The two wind power plants of 350 MW are scheduled to be commissioned in two years and accordingly, they will …
Sri Lanka investment board approves $442 million Adani Green wind power plants Read More »
By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Pakistan Prime Minister Shehbaz Sharif has asked his ministers and advisers to fly economy class, forgo luxury cars and their salaries as part of an austerity drive that will save the government 200 billion rupees ($766 million) a year. The belt tightening comes as Islamabad – which …
Pakistan to cut government expenses by 15% in austerity drive Read More »
By Laura Matthews and Harry Robertson NEW YORK/LONDON (Reuters) – The dollar gained modestly on Wednesday against its peers as recent strong economic data eased recession fears but reinforced concerns that the Federal Reserve’s inflation-fighting interest rate hikes may stick around for longer. Survey data released on Tuesday showed U.S. business activity unexpectedly rebounded in …
U.S. dollar gains as strong data signal higher rates Read More »
(Reuters) – China’s Baidu Inc beat revenue estimates for the fourth quarter on Wednesday, bolstered by strength in its advertising, cloud and artificial intelligence businesses, sending its U.S.-listed shares up 7% in premarket trading. The search engine giant, which generates most of its revenue from online ads, is seeing advertisers return after China lifted its …
Baidu beats fourth-quarter revenue estimates, flags chatbot launch Read More »
By Jeanny Kao and Meg Shen TAIPEI (Reuters) -Taiwan’s trade-dependent economy is likely to grow more slowly this year than previously forecast, hit by a slump in exports on weakening external demand due to global inflation, rate rises and impact of the war in Ukraine, the government said. Taiwan, home to major tech companies including …
Taiwan revises down 2023 GDP growth forecast on export slump Read More »
SINGAPORE (Reuters) – China’s Sinopec Corp said on Wednesday it has completed trial runs at a one million tonnes-per-year ethylene plant in the southern Chinese province of Hainan that will boost exports. The facility is part of a 28.6 billion-yuan ($4.15 billion) complex built at the site and is the second major petrochemical plant starting …
China’s Sinopec completes test runs at Hainan ethylene plant Read More »
(Reuters) – Elevator and escalator maker Schindler exceeded forecasts on Wednesday, lifting its shares with improved fourth-quarter earnings, helped by easing supply chain bottlenecks. The Swiss group’s shares were up 4.2% at 0845 GMT after it said adjusted earnings before interest and taxes (EBIT) were up 1% to 309 million Swiss francs ($334 million), ahead …
Supply chain easing helps Schindler exceed earnings forecasts Read More »
(Reuters) -Australia’s Domino’s Pizza Enterprises reported a 28.3% fall in first-half profit on Wednesday, hurt by a drop in orders as price rises due to inflation hit consumer spending, sending its shares 24.3% lower in their biggest-ever drop. The Australian franchise of the global pizza chain’s profit attributable for the six months ended Jan. 1 …
Australia’s Domino’s Pizza shares crash as profit slumps on price hikes Read More »
By Clara Denina and Harish Sridharan LONDON (Reuters) -Rio Tinto more than halved its dividend on Wednesday after posting a 38% drop in annual profit, hurt by weaker iron ore prices as demand from China slowed, higher labour and material costs. The Anglo-Australian miner joins other diversified mining companies in reporting lower earnings and shareholder …
Rio Tinto slashes dividend as profit plunges on slower China demand Read More »
