Author: Admin
The Indian state of Andhra Pradesh aims to host 6 gigawatts of data centre capacity by 2029[NEW DELHI] Alphabet’s Google aims to invest about US$15 billion building an AI infrastructure hub in southern India over the next five years, making its biggest bet on the fast-growing country.The US company outlined plans on Tuesday (Oct 14) for a data centre in the port city of Visakhapatnam linked to new energy sources and a fibre-optic network. Google’s biggest investment in India to date, the project will anchor the regional government’s plan to accelerate the AI industry locally, the US company said in…
Swedish telecoms equipment maker Ericsson reported a better-than-expected rise in quarterly earnings on Tuesday and played down the impact of U.S. tariffs.Adjusted earnings before interest and taxes (EBIT) excluding restructuring charges were 15.4 billion Swedish crowns ($1.62 billion) in the quarter ended in September. That was 9.2 per cent higher than the 14.1 billion crowns forecast in an Infront consensus poll of analysts provided by the company.Cost savings and a dominant position in North America have helped Ericsson stay ahead of Nordic rival Nokia in the 5G race, but revenue weakness and tariffs have overshadowed its outlook.The Swedish group has…
Prakash Singh | AFP | Getty ImagesGoogle will invest $10 billion into building new data centers in southern India, according to local officials, marking one of its largest investments in the South Asian nation as tech giants scramble to meet the exploding demand for AI. Minister for Human Resources Development of the Indian state of Andhra Pradesh, Nara Lokesh, announced Monday that Google and his government will sign a memorandum for a 1 gigawatt project in the state with an investment of $10 billion. The deal — to be signed Tuesday — comes after “a year of intense discussions and relentless effort,”…
The moves are a marked escalation in a long-standing dispute between the world’s two largest economies over maritime dominance[HONG KONG] China has threatened further retaliatory measures against US curbs on its shipping sector, after sanctioning American entities of a South Korean shipping giant.The Ministry of Commerce said on Tuesday (Oct 14) that it was placing limits on five US entities of Hanwha Ocean, one of South Korea’s biggest shipbuilders. The company’s shares dipped as much as 8 per cent in Seoul, their biggest decline in about two months.The moves are a marked escalation in a long-standing dispute between the world’s…
NEW YORK — NEW YORK (AP) — Cabinet dealers, interior designers and remodeling contractors in the U.S. hope new tariffs on imported kitchen cabinets, bathroom vanities and upholstered wooden furniture that kicked in Tuesday will create more business for them and eventually boost domestic production of those products.But several small business owners in the home improvement industry say they expect some short-term pains from the import taxes: Clients with projects already on the books might balk at having to pay more for the budget-priced cabinets they selected. Potential customers may postpone kitchen and bathroom renovations until costs — and the…
TOKYO — TOKYO (AP) — Asian shares were trading mixed on Tuesday after a rally on Wall Street spurred by U.S. President Donald Trump’s reassurances over relations with China. Japan’s benchmark Nikkei 225 slipped 1.4% to 47,419.87, as trading resumed following a national holiday Monday. In Hong Kong, the Hang Seng lost 0.4% to 25,788.44, while the Shanghai Composite edged up 0.2% to 3,897.56. “Don’t worry about China,” Trump said on his social media platform Sunday. He also said that China’s leader, Xi Jinping, “doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China,…
China poses a “highly sophisticated and capable” cyber threat, the UK’s cyber agency has warned – as it revealed a 50% jump in significant attacks in Britain by criminals and hostile states.The National Cyber Security Centre (NCSC)’s verdict on the threat posed by Chinese cyber spies comes as Sir Keir Starmer is under mounting pressure over the sudden collapse of a trial against two British men accused of espionage on behalf of Beijing. The Crown Prosecution Service said the case was derailed because the government would not deliver evidence to show China had been a threat to Britain’s national security…
French advertising firm Publicis on Monday raised its full-year organic growth forecast for the second time, highlighting artificial intelligence products as its main growth driver. “It is artificial intelligence that allows us to accelerate our clients’ growth and to accelerate our own,” CEO Arthur Sadoun said in a press call, noting continued strength in client spending and marketing budgets.At a time when doubts swirl over whether AI is more hype than substance, Publicis argues that it can only bring benefits when put to use in the right structure. The company reported that 73 per cent of its operations are now AI-powered,…
Kevin Burkhardt and Ken Rosenthal broke down why San Diego Padres Manager Mike Shildt shockingly retired with two-years left on his contract.
LOS ANGELES — LOS ANGELES (AP) — Los Angeles County officials will vote Tuesday on whether to declare a state of emergency that would give them power to provide assistance for residents they say have suffered financially from ongoing federal immigration raids. The move would allow the LA County Board of Supervisors to provide rent relief for tenants who have fallen behind as a result of the crackdown on immigrants. A local state of emergency can also funnel state money for legal aid and other services.Funds for rent would be available to people who apply via an online portal that…