Business

Tanzania: Sugar Shortage Sends Prices Soaring

[Daily News] Zanzibar -- SUGAR prices in Zanzibar have more than doubled the official retail price amid supply disruptions linked to delayed imports and suspected hoarding by some traders.

Capex Is Only Way to Musk’s AI Vision for SpaceX, Says Dan Ives

Dan Ives, partner and senior managing director at Yorkville Ives & Co., examines the first quarterly report from SpaceX as the company disclosed higher-than-expected spending on its artificial intelligence business. (Source: Bloomberg)

Govt to use escape clause for extra energy and defence spending - Giorgetti

0.9% of GDP for defence, 0.6% for energy says economy minister

Lilly’s revenue soars 48%, driven by demand of its GLP-1s

Its sales were driven by higher-than-expected demand for Mounjaro and Zepbound, its GLP-1 drugs for Type 2 diabetes and weight loss.

As gold, stock markets lose lustre - why your humble fixed deposit is forever

Experts say that instead of timing the interest rate cycle, fixed deposits should be opted for based on goals and cash flow. But, if you are looking at fresh investments in FDs, higher interest rates may be a good lure. Is it the right…

AI Chatbots Seen in Survey as More Trustworthy Than Politicians

Survey finds people view chatbots as providing more accurate, useful information than local leaders

Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans

Uber doubles down on robotaxi plans, shares fall on weak profit forecast

Tech Euphoria Has Come Back in Just Four Days

Sentiment has turned around completely from last month.

‘They’re selling the safety of the traveling public’: TSA workers decry Trump privatization push

Union exploring options to oppose program that would put US airport screening into hands of private contractors The labor union representing workers at the Transportation Security Administration (TSA) is raising alarms over a new program…

Why is Anthropic destroying books? | Kathryn James

The AI company apparently found destructively scanning ‘all the books in the world’ easier than dealing with copyright in its quest for training data Should we destroy all the books in the world? An answer to this question can be found in…

Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels

Mortgage rates rose to the highest level in over a year, causing total mortgage demand to drop below year-ago levels.