U.K. economy would no longer enter a technical recession in 2023: Jeremy Hunt

Finance Minister Jeremy Hunt said that the U.K. economy would no longer enter a technical recession in 2023, as was previously anticipated. The updated outlook was based on new forecasts…

NNR March 15, 2023

Wire

OpenAI has created GPT-4

OpenAI has created GPT-4, the latest milestone in OpenAI's effort in scaling up deep learning. "The AI technology "exhibits human-level performance on some professional and academic tasks," a company blog…

NNR March 14, 2023

Wire

UK pay growth slows down ahead of interest rate hike

Basic pay in United Kingdom (UK), excluding bonuses, rose by 6.5% in the three months to January compared with 6.7% in the three months to December, representing the first slowdown…

NNR March 14, 2023

Wire

Volkswagen to invest 180 billion euros with primary focus on electrification and digitalization

Volkswagen, has announced plans to invest Euros 180 billion ($192.6 billion) over the next five years (2023-2027) with primary focus on electrification and digitalization. Volkswagen is a German multinational automotive…

NNR March 14, 2023

Wire

Guild Mortgage has acquired Cherry Creek Mortgage

SAN DIEGO: Guild Mortgage (NYSE: GHLD) has acquired Cherry Creek Mortgage LLC, a privately held Colorado-based lender with physical branches across the country whose business and customer-centric approach closely aligns…

NNR March 14, 2023

Wire

U.S. average mortgage rate drop to 6.57%

The U.S. average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and…

NNR March 13, 2023

Wire

Silver Lake and CPP Investments to acquire Qualtrics for $12.5 billion

Silver Lake and CPP Investments announced plans to acquire Qualtrics for $12.5 billion. Shares of Qualtrics were up more than 6% Monday, CNBC reported. Qualtrics is a web-based software platform…

NNR March 13, 2023

Wire

Pfizer acquires Seagen for $43 billion to produce record scale cancer drug

Pfizer CEO Albert Bourla on Monday said the pharmaceutical giant will be able to deliver Seagen’s cancer therapy to the world “at a scale that has not been seen before”…

NNR March 13, 2023

Wire

Australian energy regulator all set to increase prices this week

The Australian Energy Regulator will release its interim decision on Wednesday, where it's expected to increase the maximum retail electricity fee for homes and small businesses in NSW, South Australia and southern…

NNR March 13, 2023

Wire

United Kingdom will ramp up defense spending by $6 billion

The United Kingdom will ramp up defense spending by $6 billion. In a statement released Sunday, British Prime Minister Rishi Sunak pledged to use the extra spending, spread over two…

NNR March 13, 2023

Wire

Auction for Silicon Valley Bank on for a total or partial acquisition by another bank

Federal regulators are conducting an auction for Silicon Valley Bank, with final bids due Sunday, according to a report from Bloomberg News. The bank was closed by regulators on Friday after massive withdrawals…

NNR March 12, 2023

Wire

Mohammed bin Salman announces new national airline, Riyadh Air

Saudi Arabia's Crown Prince Mohammed bin Salman formally announced on Sunday the creation of a new national airline, Riyadh Air. Industry veteran Tony Douglas will be the chief executive. Riyadh…

NNR March 12, 2023