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Google unveils Arm-based data center processor, new AI chip

Google on Tuesday revealed the details of a new version of its data center artificial intelligence chips and announced an Arm-based , based central processor.

Biden, Kishida likely to discuss Texas bullet train project, sources say

President Joe Biden is seeking to revive interest in a plan to build the first high-speed rail in the U. S. using Japanese bullet trains, with sources saying he is likely to discuss the project with Japan's prime minister in Washington this week.

Citigroup CEO faces growth challenge as overhaul rattles employees

Citigroup investors have rewarded CEO Jane Fraser with a share price boost after Fraser announced a sweeping overhaul of Citi’s sprawling structure in September, cutting costs by laying off 5,000 employees. Next, they want to see growth in wealth management and investment banking.

Pfizer RSV shot meets goals in trial of high-risk adults under age 60

Pfizer said on Tuesday its respiratory syncytial virus (RSV) vaccine Abrysvo was well tolerated and generated an immune response in higher risk adults under the age of 60 similar to that in older adults, for whom the shot is already approved.

Microsoft to invest $2.9 bln to boost AI business in Japan - Nikkei

Microsoft Corp will invest about $2.9 billion over the next two years to boost its artificial intelligence (AI) business in Japan, the Nikkei newspaper reported on Tuesday citing the company president.

Morning Bid: Commodity prices irk inflation view

A look at the day ahead in U.S. and global markets from Mike Dolan

Global firms with China units tempted by cheaper renminbi funding

Global companies with China businesses are increasingly issuing renminbi debt to finance operations there, as for the first time in six years it has become cheaper to do so rather than raising money in U.S. dollars.

HSBC to accelerate China wealth expansion, on track to meet hiring target

HSBC plans to accelerate the expansion of its wealth business in China despite economic headwinds and is on track to nearly double its headcount by next year, its global wealth head said, as the lender pushes ahead with its Asia pivot strategy.

Futures flat in lead up to inflation data

U.S. stock index futures were flat on Tuesday, as investors refrained from placing large bets ahead of a crucial inflation reading later in the week that could influence the Federal Reserve's stance on rate cuts this year.

US Gulf Coast heavy crude oil prices firm as supplies tighten

Prices for heavier crude oil along the U.S. Gulf Coast have climbed in recent weeks, trading at a rare near-par with lighter oil, a sign of supply tightness that could add to rising gasoline prices.

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