Jun 20, 2024 | Markets
Two global credit ratings firms lowered their forecasts for China’s property market, as an accelerating slump in home prices hampers the country’s efforts to rescue the sector. S&P Global Ratings now expects residential sales to drop 15% this year, more than the...
Jun 20, 2024 | Markets
Startup introduced previous version just three months ago Artificial intelligence startup Anthropic is releasing a new AI model that it calls its fastest and most capable yet in a rivalry with OpenAI. Anthropic introduced Claude 3.5 Sonnet, an updated version of its...
Jun 20, 2024 | Markets
Home starts slid to 1.28 million, below all but one estimate Decline in building permits point to softer construction ahead New home construction in the US slumped in May to the slowest pace in four years, as higher-for-longer interest rates sap the housing industry’s...
Jun 20, 2024 | Markets
The biggest US restaurant chain is taking on competitors with a new promotion. McDonald’s Corp.’s US chief says the company is ready for a fight. And in order to win, the burger chain is pulling out one of the most potent weapons in its arsenal: The value meal. It’s...
Jun 19, 2024 | Markets
Ties with Brazil are growing with two-way investments Abdulrahman Bakir helped lead tour of 100 delegates to region Before 2020, Saudi Arabian investment in Brazil was so small that it didn’t even appear in the central bank’s database for relevant foreign inflows....
