World

Telcos race to transition from ‘dumb pipes’ to AI-enabled tech players

Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks. Manaure Quintero | Afp | Getty Images BARCELONA — Global telecommunications firms are talking up advances in key technologies like artificial intelligence as they look to transition away from being perceived as the “dumb pipes” behind the …

Read More »

U.S. consumers expect inflation to jump in year ahead

Eggs for sale in a Manhattan grocery store on Feb. 25, 2025, in New York City. Spencer Platt | Getty Images The U.S. consumer hasn’t felt so glum about the economy since November 2022, according to a survey by the University of Michigan. That’s when annual inflation was at 7.1% and Federal Reserve Chair Jerome Powell acknowledged that the chances …

Read More »

China retail sales strengthen at start of 2025, industrial data beats

A woman, right, looks at herself on her phone as she and others buy warm winter hats at a vendors shop in the Panjiayuan Market on December 6, 2024 in Beijing, China.  Kevin Frayer | Getty Images China’s economy showed a modest pickup for the first two months of the year, according to data published Monday by the National Bureau …

Read More »

Telephoto Sales, Rumored Fuji GFX Fixed-Lens Camera

Up here in the mountains of the northern Czech Republic, the snow slowly concedes defeat. The last patches are clinging to the shadows of the forest with their remaining strength before the spring sun chases them away for good. But in their place, another white carpet has spread across the landscape – the blooms of Spring Snowflakes (Leucojum vernum). These …

Read More »

Ferrari CEO says 40% of new car buyers are now under 40 years old

The Ferrari F50 at Salon Prive London, held at the Royal Chelsea Hospital.  Martyn Lucy | Getty Images News | Getty Images Ferraris are becoming increasingly popular among younger buyers, with the CEO of the luxury automaker revealing that 40% of new buyers are now under the age of 40. That reflects a significant upswing from just over 18 months …

Read More »

China announces plan to boost domestic consumption

TONGREN, CHINA – MARCH 13, 2025 – Prosecutors explain to consumers how to buy qualified products at a supermarket in Pingxi street of Yuping Dong Autonomous County in Tongren, southwest China’s Guizhou province on March 13, 2025. Cfoto | Future Publishing | Getty Images China announced a “Special Action Plan to Boost Consumption” on Sunday in a bid to prop …

Read More »