FRANKFURTBRUSSELS, Jan. 31 Xinhua -- The European Central Bank ECB decided on Thursday to cut key interest rates by 25 basis points aimed at scaling back the restrictive monetary policies implemented to combat persistent inflation in the euro area. SLUGGISH GROWTH The zero growth in the eurozone d...
[PhotoVCG] With minimal fanfare, Deepseek has sparked an AI tsunami, surging to become the real open-source AI leader in the AI revolution. The company has demonstrated results that rival, if not surpass, those of its competitors, delivering remarkable speed, efficiency, and performance at a frac...
Photo taken on April 20, 2022 shows the US Federal Reserve building in Washington, D.C., the United States. [PhotoXinhua] WASHINGTON -- The US Federal Reserve on Wednesday left the target range for the federal funds rate unchanged at 4.25 percent to 4.5 percent, as recent data showed inflation is...
NEW YORK, Jan. 28 Xinhua -- U.S. stocks gained on Tuesday, as investors pivoted back to technology stocks following a steep sell-off triggered by fears of Chinese artificial intelligence AI competition. The Dow Jones Industrial Average rose 136.77 points, or 0.31 percent, to 44,850.35. The SP 500 a...
Nasdaq, a major stock exchange in the world, celebrated the Chinese Lunar New Year on Monday afternoon by holding a closing bell ceremony in partnership with the Chinese Consulate General in New York.
[PhotoVCG] The R1 model released by Chinese company DeepSeek has impressed those in the industry with all the features it shows. Similar to OpenAI o1, the R1 model released by DeepSeek on Jan 20 achieves performance comparable at 3 percent of the cost. Deep-Seek R1 is a first-generation reasonin...
A view of trucks carrying Egyptian humanitarian aid waiting to start to move, heading to the Rafah border crossing to enter Gaza, amid a ceasefire between Israel and Hamas, in Cairo, Egypt, January 26, 2025. [PhotoAgencies] WASHINGTON — The US State Department has ordered a sweeping freeze on new...
Without the "safety valve" of sustained outward expansion, political and social decay is accelerating in the US
Illustration: Chen XiaGT Recently, Deputy Spokesman for the United Nations Secretary-General Farhan Haq revealed that the US currently owes a total of $2.8 billion, of which $1.5 billion is for the regular budget of the UN. As one of the UN's most important members, the US' nonpayment once again ...
This photo taken on March 6, 2023 shows the Fukushima Daiichi Nuclear Power Plant in Futabacho, Futabagun of Fukushima Prefecture, Japan. [PhotoXinhua] Foreign Ministry spokeswoman Mao Ning said on Thursday that the final resumption of Japanese aquatic product imports should be based on a series ...
South Korean President Yoon Suk-yeol attends the fourth hearing of his impeachment trial at the Constitutional Court in Seoul on Thursday. XINHUA South Korean President Yoon Suk-yeol directly questioned former defense minister Kim Yong-hyun on Thursday in the fourth hearing of his impeachment tri...
NEW YORK, Jan. 23 Xinhua -- U.S. stocks ended higher on Thursday, buoyed by U.S. President Donald Trump's calls for lower interest rates and reduced oil prices. The Dow Jones Industrial Average rose 408.34 points, or 0.92 percent, to 44,565.07. The SP 500 added 32.34 points, or 0.53 percent, to 6,1...
A man looks at a greenhouse farming system at the 2025 Pacific Agriculture Show in Abbotsford, British Columbia, Canada, on Jan. 23, 2025. Showcasing the latest and most innovative equipment and technology for the agriculture industry, the three-day show kicked off here on Thursday. Photo by Liang...
[PhotoVCG] In recent years, artificial intelligence has emerged as a transformative force, reshaping industries and redefining the global technological landscape. Widely regarded as a cornerstone of the Fourth Industrial Revolution, AI is driving breakthroughs in fields such as healthcare, financ...
Mary Callahan Erdoes, Chief Executive Officer of JPMorgan Chase's Asset Wealth Management attends the 55th annual World Economic Forum WEF meeting in Davos, Switzerland, Jan 21, 2025. [PhotoAgencies] United States President Donald Trump's return to the White House has prompted swift reactions ac...