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Artificial intelligence to contribute $16 trillion to global GDP by 2030

16 hours ago DieselGasoil Comments Off on Artificial intelligence to contribute $16 trillion to global GDP by 2030
The contribution of artificial intelligence (AI) to the global GDP will increase 16-fold in the next 12 years, according to the head of Russia’s largest bank Sberbank Herman Gref. “Expansion of artificial Intelligence in the coming years is likely to only grow. According to forecasts of a number of companies, if today AI contributes $1 Read More

European chipmakers see new growth drivers to weather volatile demand

20 hours ago DieselGasoil Comments Off on European chipmakers see new growth drivers to weather volatile demand
BARCELONA (Reuters) – European chipmakers tried to play down market concerns about a potential slowdown in global demand at an investor conference in Barcelona this week, striking an upbeat tone on orders from car and smartphone makers. Recent price falls due to weaker demand for memory chips and a build-up of inventory levels have led Read More

Europe 5G network buildout to trigger deals, won't bust capex budgets

20 hours ago DieselGasoil Comments Off on Europe 5G network buildout to trigger deals, won't bust capex budgets
BARCELONA (Reuters) – The launch of fifth-generation mobile services across Europe looks set to trigger a wave of infrastructure deals as telecoms companies seek ways to upgrade their networks without busting their strained capital budgets. People speak before the first demonstration of the technology 5G in Lisbon, Portugal June 4, 2018. Picture taken June 4, Read More

EU army: Will it be easy for Europe to get rid of American political diktat?

20 hours ago DieselGasoil Comments Off on EU army: Will it be easy for Europe to get rid of American political diktat?
The creation of a European army would be a boon for Russia-EU relations, various military experts have told RT. It would mean getting rid of the US political diktat – and that’s why Washington will not allow it. Were the European Union to create an army of its own, as French President Emmanuel Macron and Read More

Shanghai ‘earthscraper’: World’s 1st underground hotel opens in China inside abandoned quarry

21 hours ago DieselGasoil Comments Off on Shanghai ‘earthscraper’: World’s 1st underground hotel opens in China inside abandoned quarry
After almost 10 years of construction, Shanghai has unveiled to the public its ‘earthscraper’ hotel built vertically along the precipice of an underground, water-filled quarry. Costing 2 billion yuan ($287.9 million) to complete, the 88-meter-deep hotel is located in the Songjiang district. The Intercontinental Shanghai Wonderland, also known as Shimao Quarry Hotel, has cliff-view rooms Read More

US vows to maintain pressure on China amid wide condemnation of protectionism at APEC summit

22 hours ago DieselGasoil Comments Off on US vows to maintain pressure on China amid wide condemnation of protectionism at APEC summit
Washington will not change its pressure tactics against Beijing until it bows to US terms, Vice President Mike Pence said at an APEC summit, where members loudly denounced protectionism and sanctions as threats to global trade. “The US will not change course until China changes its ways,” Pence said Saturday, speaking at an Asia Pacific Read More

Eaton Vance's Gaffney sees opportunity in emerging market-denominated bonds

1 day ago DieselGasoil Comments Off on Eaton Vance's Gaffney sees opportunity in emerging market-denominated bonds
NEW YORK (Reuters) – There are untapped opportunities in corporate debt securities denominated in emerging-market currencies, Eaton Vance’s director of diversified fixed-income said at the Reuters Global Investment 2019 Outlook Summit on Friday. Kathleen Gaffney, vice president, director of diversified fixed income and lead portfolio manager for Eaton Vance Management, speaks during the Reuters Global Read More

U.S. manufacturing production increases; headwinds growing

1 day ago DieselGasoil Comments Off on U.S. manufacturing production increases; headwinds growing
WASHINGTON (Reuters) – U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019. FILE PHOTO – Assembly workers work on the underside of 2015 Ford Mustang Read More

Dutch government appeals order to speed up climate change battle

1 day ago DieselGasoil Comments Off on Dutch government appeals order to speed up climate change battle
FILE PHOTO: Birds fly past a windmill in Kinderdijk, Netherlands March 15, 2017. REUTERS/Dylan Martinez/File Photo AMSTERDAM (Reuters) – The Dutch government on Friday said it would ask the country’s highest court to overturn a ruling ordering it to speed up reductions in greenhouse gas emissions. Last month, an appeals court upheld a 2015 ruling Read More

Europe has economic woes of its own beyond Brexit

1 day ago DieselGasoil Comments Off on Europe has economic woes of its own beyond Brexit
Business and City folk who spend much time travelling, when asked about how the rest of Europe looks at the Brexit issue, report two key trends. The first, understandably enough, is that Europeans cannot stop laughing at the ineptitude of Britain’s political class or shaking their heads in disbelief at the way one of the Read More