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25 January 2025
A report from Bain & Co. shows China's luxury market sales plunging as much as 20% in 2024, as the economic slowdown dented consumer confidence.
Weiwei Xing, partner at the consultancy, expects the first half of 2025 to remain difficult for the market, but still sees bright spots. She speaks with David Ingles and Annabelle Droulers on "Bloomberg: The China Show."
23 January 2025
This is the Red Bull RB17 – and it’s much more than F1 design genius Adrian Newey’s greatest hits amalgamated into a hypercar. Sure, this £5m, track-only spaceship has the likes of a blown diffuser and Newey’s favourite Formula 1 engine configuration (a naturally aspirated V10) but the RB17 is instead what happens when Newey isn’t trying to find loopholes in restrictive Formula 1 regulations. The RB17 is what happens when Newey is unleashed! The result, the mind-blowing result, is a car (very rich) mere mortals can buy – and one that can lap a racetrack as fast as a contemporary Formula 1 car. Behind Newey is the might of Red Bull Applied Technologies, the sister company to Red Bull Racing that uses the F1 team’s know-how and applies it to wider engineering challenges. As a calling card to show their expertise, the RB17 is quite something. But enough of us telling you about it. Instead, here’s the man himself, interviewed by Top Gear’s Editor-at-Large, Jason Barlow…
25 January 2025
Israel says four hostages have been released by Hamas. It's the second such release under a ceasefire agreement that stopped the fighting in Gaza last weekend. Hamas brought the four women soldiers onto a stage in Gaza City, where they were handed over to the Red Cross.
They were then taken to Israel. The Palestinian militant group and allied groups captured some 250 hostages during the October 2023 terror attacks that began the war. Dozens of Palestinian prisoners are also set to be released from Israeli jails under the terms of the six-week truce.
25 January 2025
As the first week of Trump 2.0 comes to an end, Liz Miller, president of Summit Place Financial Advisors discusses with @Reuters why Nvidia is still the easiest AI play for investors. #News #Reuters #Newsfeed #artificialintelligence #nvidia #trump
24 January 2025
A new F1 season inevitably means a new controversy involving FIA president Mohammed Ben Sulayem - this time exposed by new guidelines that mean a driver could be banned or deducted championship points for “misconduct”.
25 January 2025
Russia's leader, Vladimir Putin, has given his first public reaction to comments made by his US counterpart, Donald Trump, following his inauguration earlier this week. Putin praised Trump as a quote 'clever, pragmatic man'. Meanwhile, there are growing signs that Russia's war economy is under increasing pressure. Media reports suggest Russian President Vladimir Putin is worried about the state of the economy, while some influential business leaders have raised the alarm over bankruptcies.
24 January 2025
A little-known AI lab out of China has ignited panic throughout Silicon Valley after releasing AI models that can outperform America’s best despite being built more cheaply and with less-powerful chips.
DeepSeek, as the lab is called, unveiled a free, open-source large-language model in late December that it says took only two months and less than $6 million to build.
The new developments have raised alarms on whether America’s global lead in artificial intelligence is shrinking and called into question big tech’s massive spend on building AI models and data centers. In a set of third-party benchmark tests,
DeepSeek’s model outperformed Meta’s Llama 3.1, OpenAI’s GPT-4o and Anthropic’s Claude Sonnet 3.5 in accuracy ranging from complex problem-solving to math and coding. CNBC’s Deirdre Bosa has the story.
This video also includes Bosa’s full interview with Perplexity CEO Aravind Srinivas.
