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US President Donald Trump said he has decided on the next chairman of the Federal Reserve System.President Trump has not yet confirmed his nominee, but Kevin Hassett, a member of the White House National Economic Council, has been named as the overwhelming favorite.Recommended stories list of 4 itemsend of listPrediction market Calci on Wednesday gave Hassett an 86% chance of being nominated, compared with 6% for former Fed director Kevin Warsh and 4% for current Fed director Michelle Bowman.Why does it matter who leads the Federal Reserve?As the central bank of the world’s largest economy, the Federal Reserve is arguably…
Bangkok AP — Thailand on Wednesday lifted a 53-year-old ban on the retail sale of alcoholic beverages in the afternoon. This is expected to boost year-end tourists and business at stores such as bars and convenience stores. The ban from 2pm to 5pm will be lifted on a trial basis for 180 days, after which its effectiveness will be evaluated. The ban on the sale of beer, spirits and wine in the afternoon was enacted in 1972 when Thailand was under military rule, but the original reasons for the measure are now unknown. Thailand is predominantly Buddhist, and although drinking…
Leeds eased the pressure on Daniel Farke with a thumping 3-1 win at Elland Road, leaving the visitors nine points behind Premier League leaders Arsenal and denting Chelsea’s title hopes.In what could have been a crucial game for Falke’s future, his decision to stick with the 3-5-2 formation that sparked a second-half comeback in the defeat to Manchester City was decisive as they pushed Chelsea past and within three points. Impressive performances against Arsenal and Barcelona have put Chelsea in contention for the title, but the trip to West Yorkshire was a reality check for Enzo Maresca against a team…
Artificial intelligence has developed a device that turns moon dust into energy.Moon Vacuum published by Blue Origin on Wednesday. AmazonThe re:Invent 2025 conference in Las Vegas was built using key technology from startup Istari Digital.”So we could suck up lunar dust, extract heat from it, and use it as an energy source, such as by turning lunar dust into batteries,” Istari CEO Will Roper told CNBC’s Morgan Brennan.Spacecraft performing missions on the moon are typically confined to lunar nights. There are two weeks of moonlit nights every 28 days, during which the moon is shrouded in darkness and temperatures drop…
These are important developments since day 1,379 of Russia’s war against Ukraine.Published December 4, 2025December 4, 2025Click here to share on social mediaShare 2shareHere’s what happened on Thursday, December 4th.finding According to the Russian Ministry of Defense, Russian troops have captured the village of Cherbon in Zaporizhzhya region in southeastern Ukraine. The Ukrainian military said it attacked a Russian oil depot in the Tambov region and another oil depot in the Oryol region on Tuesday. It added that the attack caused a fire at the scene. A Ukrainian GUR military source also confirmed to Reuters that the missile struck the…
AP — Opium poppy cultivation in Myanmar has soared this year to its highest level in a decade, as the country remains one of the world’s major suppliers of illegal drugs, according to a United Nations study. This growth cements Myanmar’s position as the world’s major known source of illicit opium, especially after a sharp decline in production in Afghanistan after the ruling Taliban imposed a ban after taking over Afghanistan in 2021. The area under opium cultivation has expanded by 17% since 2024 to 53,100 hectares (131,212 acres), the most since 2015, according to the 2025 Myanmar Opium Survey…
Arsenal re-extended their five-point lead at the top of the Premier League with a 2-0 win over Brentford at the Emirates Stadium with goals from Mikel Merino and Bukayo Saka.Stand-in striker Merino followed up his equalizer against Chelsea with a header, making it his second successive game, this time taking the lead in the 11th minute from Ben White’s cross. However, Arsenal were made to strive for victory by a tenacious visiting team and almost leveled the scores in the first half with David Raya’s brilliant effort from Kevin Shade’s header over the bar, before Saka finally added a second…
Can any company, large or small, really reverse the dominance of Nvidia’s AI chips? Probably not. But if you can peel away some of it yourself, you could make hundreds of billions of dollars in revenue, Amazon CEO Andy Jassy said this week. As expected, the company announced its next-generation AI chip, Trainium3, an AI chip that competes with Nvidia, at the AWS re:Invent conference. This is 4x faster and consumes less power than the current Trainium2. Jassy reveals some trivia about Trainium today in a post on X, showing why the company is so bullish on the chip. He…
Aerial view of sunrise over Osaka city, JapanFrank Lee | Moments | Getty ImagesAsia-Pacific markets were mixed on Thursday as Wall Street took profits as the latest jobs report raised hopes that the US Federal Reserve could cut interest rates next week.Payroll processor ADP reported that while private companies cut 32,000 jobs in November, they added 47,000 jobs in October, well below the 40,000 increase expected by economists compiled by Dow Jones.According to the CME FedWatch tool, the market has priced in an 89% chance of a rate cut at the Federal Reserve’s meeting on December 9-10, which is significantly…
Amazon Web Services’ annual technology conference, AWS re:Invent, wrapped up today with a ton of product news, keynotes, and the requisite customer success stories. The obvious topic is enterprise AI. This year is all about upgrades that allow customers to further customize their AI agents, including one that AWS claims can learn from users and work independently for days. AWS re:Invent 2025, which runs through December 5, kicked off with a keynote address from AWS CEO Matt Garman. He embraced the idea that AI agents could unlock the “true value” of AI. “AI assistants are starting to be replaced by…