Chinese gross domestic product grew 6% year-over-year in the third quarter, the weakest pace in at least 27.5 years. UBS forecast that growth in the world’s second-largest economy will end this year at 6.1% before slowing even more in the coming years to 5.7% in 2020 and 5.6% in 2021.
Discussions, articles, and reports about the AI opportunity across the financial services industry continue to proliferate amid considerable hype around the technology, and for good reason: The aggregate potential cost savings for banks from AI applications is estimated at $447 billion by 2023, with the front and middle office accounting for $416 billion of that total, per Autonomous Next research seen by Business Insider Intelligence.
LOS ANGELES—Ford Motor Co. is counting on the Mustang name—a badge long worn by its powerful, muscle car—to spark the auto maker’s transition to an electric future.
Ford is expanding the Mustang nameplate beyond its traditional two-door sports car for the first time in the vehicle’s 55-year history, a bid to keep the famed insignia relevant at a time when interest in performance vehicles in the U.S. is waning.
Disney’s share price soared as customers signed up in their millions – but as costs rise, it will be a struggle for all players to survive in the crowded streaming universe
Disney’s eagerly anticipated entry into the streaming wars last week proved that the days of Netflix’s virtual global monopoly are well and truly over. Backed by a stellar library of content, from the Marvel and Pixar films to the $100m live-action Star Wars series The Mandalorian, Disney+ attracted 10 million customers on day one.
WASHINGTON (Reuters) – U.S. producer prices increased by the most in six months in October, lifted by gains in the costs of goods and services, further bolstering the Federal Reserve’s stance that it will probably not cut interest rates again in the near term.
The report from the Labor Department on Thursday showed healthcare costs accelerated last month, with the cost of outpatient care at hospitals posting its largest rise since 2009. The jump in healthcare prices mirrored gains reported in October’s consumer price index report on Wednesday. Still, underlying producer inflation remained muted last month.
IT’S NOT WHAT YOU SAY, IT’S HOW YOU SAY IT.
O.K., I’m sorry, that was a cheap trick. But new research suggests that when we’re trying to seem persuasive, the volume of our words — when vocalized, of course — can have an outsize impact.
A South African company is taking plastic bottles out of landfill to make roads.
(CNN Business)Plastic milk bottles are being recycled to make roads in South Africa, with the hope of helping the country tackle its waste problem and improve the quality of its roads.Potholes cost the country’s road users an estimated $3.4 billion per year in vehicle repairs and injuries, according to the South African Road Federation, as well as damaging freight.In August, Shisalanga Construction became the first company in South Africa to lay a section of road that’s partly plastic, in KwaZulu-Natal (KZN) province on the east coast.It has now repaved more than 400 meters of the road in Cliffdale, on the outskirts of Durban, using asphalt made with the equivalent of almost 40,000 recycled two-liter plastic milk bottles.