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June 19, 2024 11:16 AM

Nvidia eclipses Microsoft as world’s most valuable company

Nvidia became the world's most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology. Shares of the chipmaker climbed 3.5% to $135.58, lifting its market capitalization to $3.335...

June 19, 2024 11:04 AM

Sensex, Nifty open at record highs; realty stocks drag, banks shine

Indian stock markets opened at record highs on Wednesday. The BSE Sensex rose 242 points to 77,418, while the Nifty gained 71.90 points to 23,629.80. The Nifty bank indices opened at 50,607.90, up 167 points or 0.33 percent, and the Nifty Midcap 100 hit a new high of 55,679.20, up 189.10 or 0.34 pe...

June 19, 2024 9:46 AM

Asian stocks rise on tech rally, Fed rate cut wagers

Asian shares rose to their highest in three weeks on Wednesday, buoyed by a rally in tech stocks, while the dollar wobbled after soft U.S. retail sales data reinforced expectations of the Federal Reserve cutting rates later this year. MSCI's broadest index of Asia-Pacific shares outside Japan was 0...

June 17, 2024 6:20 PM

Europe must catch up in green tech race, Spain’s climate minister says

The next European Commission must do more to help European industry catch up in the green tech race with China and the U.S., said Spain's climate and energy minister Teresa Ribera, a front-runner to be the EU's next head of green policies. EU country leaders meet on Monday in Brussels to discuss ...

June 17, 2024 4:12 PM

US as many as 15 years behind China on nuclear power, report says

The U.S. is as many as 15 years behind China on developing high-tech nuclear power as Beijing's state-backed technology approach and extensive financing give it the edge, a report said on Monday. China has 27 nuclear reactors under construction with average construction timelines of about seven yea...

June 17, 2024 1:53 PM

World falling behind on environment, health and hunger goals, UN report says

The world is way off track on most of the sustainable development targets agreed in 2015, such as tackling poverty and hunger, says a United Nations report which cites funding shortfalls, geopolitical tensions and the COVID-19 pandemic. The U.N.'s annual Sustainable Development Report ranks the per...

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