Technology companies had one of the biggest sale of shares in years. A proper us welcome for the crown jewel of uk technology. Arm holdings was born and raised in cambridge, england. You may not have heard of arm holdings but i guarantee you own something with Arm Technology inside it. The chips are 99 in all of the smartphones in the world. 70 of the global population are estimated to have something, phone, tablet, Gaming Console with arm stuff inside it and 30 billion arm design chip sold worldwide alone to customers including google, apple, amazon and microsoft and others. Some of whom took a stake in the company today. The boss told me he wanted to be listed with those of the global Tech Heavyweights in new york. When we look at all the opportunities in terms of listing, when we looked at the size of listing that we had and the Tech Companies that we are to grips with, we thought new york would be the best location. Does it mean decisions about the future are now made in the us . I
Shelter and housing. And particularly you mentioned the cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects to raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. Dimitri, how have consumers and bu
Indias glitzy 620 presidency ending with the gavel handed over to brazil. Applause. The groups joint declaration applause. The groupsjoint declaration avoided condemning russias war in ukraine but the inclusion of the African Union into the grouping was seen as a major achievement. I think this is a really good move and again, india should be complemented for championing it. But they got support from the other countries. The 620 vowed to trickle Renewable Energy capacity and scale up financing for billions to trillions of dollars. This even as the hundred billion dollars promised by the western countries every year to help developing countries mitigate Climate Impact is still nowhere in sight. 620 now has its own mechanism on Climate Finance so does that mean that the hundred billion dollars promised from the west of the developed countries is pretty much dead now . I dont think it is a question of are you writing off this hundred billion that was promised earlier and now that youve co
Think it is early admittance we are seeing nai. Tesla is probably one of the best ai out there. Clearly, execution is going to be the key over the coming years, but i think investors more and more starting to appreciate that tesla and musk are Playing Chess while others are playing checkers. ~ ,. , , checkers. When youre sitting execution checkers. When youre sitting execution is checkers. When youre sitting execution is going checkers. When youre sitting execution is going to checkers. When youre sitting execution is going to be checkers. When youre sitting execution is going to be key, | execution is going to be key, what are some of the challenges that youre looking at when comes to hand him with these kind of ambitious targets . I think it starts with full self driving. I think that is an elephant in the room. Tesla, really, as an ai play, showing fst, capability for that to scale. Audio loss thats going to be key. When you look at monetising it but scaling it in a way that consum
of trade. the indian capital has been spruced up and security stepped up. my colleague is there tracking the summit and we got a preview. here in delhi, the countdown to the 620 leaders summit has begun. earlierthis the 620 leaders summit has begun. earlier this morning when i was coming into the centre of delhi from the airport i saw at least 100 billboards with prime minister modi right in front and centre welcoming delegates into the country. this is clearly a big deal for india country. this is clearly a big dealfor india and the country. this is clearly a big deal for india and the city of delhi has been sent into a public holiday with security beefed up and traffic completely restricted for the event. there is a lot that these leaders will have on their agenda over the weekend. everything from climate finance to debt relief for some of the world s poorest countries to things such as regulation of emerging technologies like artificial intelligence and cryptocurrency is