China’s official data showed that the country’s manufacturing activity decreased unexpectedly in April, creating pressure on policymakers to boost the economy. The manufacturing purchasing managers’ index (PMI) fell to 49.2 in April from 51.9 in March, indicating a contraction. This is below the 50-point mark that separates expansion and contraction in activity on a monthly
Arm, the chip maker owned by SoftBank Group Corp, has filed confidentially for an IPO on the U.S. stock market. The move comes after SoftBank announced in March that it planned to list Arm in the U.S. market. The IPO registration shows that SoftBank is proceeding with the offering despite adverse market conditions. Arm reportedly
The Toronto Maple Leafs secured their first NHL playoff series victory in almost two decades as they defeated the Tampa Bay Lightning 2-1 on Saturday night. John Tavares scored in overtime, and the Maple Leafs clinched the best-of-seven series in six games, winning three times on the road in overtime. This was their first series
The digital ministers of the Group of Seven (G-7) advanced nations have agreed to adopt “risk-based” regulation on artificial intelligence (AI). This comes as European lawmakers rush to introduce the AI Act to enforce rules on emerging tools such as ChatGPT. However, the ministers also emphasized the need to “preserve an open and enabling environment”
Philippine President Ferdinand Marcos Jr. met with US President Joe Biden on Monday to enhance the alliance between Manila and Washington. Before leaving for his four-day official visit to the US, Marcos expressed his determination to forge a stronger relationship with the United States to address the concerns of their times, including issues related to
Jamal Murray led the Denver Nuggets to a convincing 125-107 win over the Phoenix Suns in Game 1 of the Western Conference playoffs. Murray scored 34 points and made six 3-pointers, including two in just 28 seconds during the fourth quarter to halt a Suns’ comeback. Murray’s performance reminded everyone that the Nuggets are the
The Royal College of Nursing (RCN) general secretary, Pat Cullen, has reassured the public that national exemptions are in place to ensure critical care is provided to patients during the 28-hour strike by nurses over pay. Cullen stated that staff would never leave patients unsafe or create more risk, and the national exemptions cover a
The Dallas Cowboys selected Deuce Vaughn, a running back out of Kansas State, at No. 212 overall on Saturday. The team’s assistant director of college scouting, Chris Vaughn, who has been with the Cowboys since 2017, was given the privilege of calling his son with the news. Chris was in the draft room when Jerry
As more companies move their workloads out of their own data centers, the cloud-computing market continues to grow. However, executives from the leading cloud vendors, including Amazon, Microsoft, and Google, have said that clients are looking for ways to trim costs. This has resulted in slowing revenue growth for these cloud divisions. AWS, the leader
General Motors (GM) reported a strong first quarter, beating Wall Street’s earnings expectations and raising its guidance for 2023. However, since the announcement, GM’s stock has dropped by almost 6%, closing at $32.22, marking its lowest closing price since October. The stock is now down 26% from its 52-week high of $43.63 a share, and