Emmanuel Macron caused a political earthquake in France after losing the Euro elections not leaving the Paris stock exchange untouched. The biggest concern is the state budget, which is already in deep deficit, potentially undermined by a possible far-right government. With France being the second largest economy in Europe, the elections could disrupt stability not only domestically but across Europe as a whole. This may signal a new setback on the road to economic recovery after the years of crisis.
Technology phenomenon Nvidia has reached a market capitalization of more than $3 trillion for the first time in history, surpassing Apple to become the second most valuable publicly traded company in the world. This significant shift reflects continued strong investor confidence in the company's role in the artificial intelligence (AI) sector, compounded by the announcement of new, more powerful products.
In the wake of the increased bird flu, mRNA vaccine pioneer Moderna is entering the final stages of their testing against this virus. The US government is now expected to fund this development. After the pandemic, pharmaceutical companies producing vaccines and medicines must make up for the weaking demand by developing new products that not only help the world fight dangerous diseases but can also bring profits for them.
NVIDIA, the global producer of graphics processors and chips for artificial intelligence (AI), announced its quarterly financial results on Wednesday, beating all expectations and records. The rapid growth of this company is accompanied by a new industrial revolution in which AI is to play a major role. Is this trend sustainable or is it just a bubble that may soon burst?
The International Energy Agency (IEA) has revised its forecast for global oil demand growth for the rest of 2024, with OECD (Organisation for Economic Co-operation and Development) countries contributing to the reduction, led by Europe. However, demand for this energy commodity is expected to increase in the near term, mainly due to renewed economic growth at some major importers. However, the forecasts of the IEA and the cartel of the biggest oil exporters diverge.
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