Nvidia doubles down on software tools for crafting virtual worlds

Nvidia Corp (NVDA.O) on Tuesday released a set of tools for software developers aimed at helping them create a “metaverse” of three-dimensional virtual worlds – and use a lot more computing power from Nvidia’s chips in the process. At the Santa Clara, California, company’s annual technology conference, Nvidia released Omniverse Enterprise, which will start at […]


Read More.. Nvidia doubles down on software tools for crafting virtual worlds

Polish e-commerce company Allegro flags ‘softer’ margins amid growth drive

Poland’s e-commerce platform Allegro on Tuesday reported forecast-beating third-quarter net profit, but stuck to its guidance and flagged “softer” margins next year as it pushes on with investments, sending its shares down. Allegro, which has become the go-to online marketplace in Poland and is enjoying a sales boom accelerated by the pandemic, has been investing […]


Read More.. Polish e-commerce company Allegro flags ‘softer’ margins amid growth drive

Asian stock valuations decline to near 1-1/2 year low

The valuations of Asian equities dropped to a 17-month low at the end of October on concerns over China’s weakening economy and as analyst upgrades in earnings estimates failed to boost equities this year. The forward 12-month price-to earnings ratio (P/E) for the MSCI Asia-Pacific index (.MIAP00000PUS) dropped to 14.59 at the end of October, […]


Read More.. Asian stock valuations decline to near 1-1/2 year low

Low ECB rates are now hurting banks; issue to persist, ECB’s Enria says

Low European Central Bank interest rates are now hurting bank margins more than they are boosting lending volumes and are likely to continue doing so for a while, top ECB supervisor Andrea Enria said on Tuesday. “The margin effect has been prevailing so there is a negative effect on bank margins but this is likely […]


Read More.. Low ECB rates are now hurting banks; issue to persist, ECB’s Enria says

Primark well stocked for Christmas and won’t raise prices -finance chief

Associated British Foods’ (ABF.L) Primark fashion business has good stock availability for the Christmas trading period and will not be raising prices despite supply chain disruption and inflationary pressures, its finance chief said on Tuesday. “We’re basically saying that we’ve got good stock cover for Christmas, our stores will be full,” John Bason said after […]


Read More.. Primark well stocked for Christmas and won’t raise prices -finance chief

Grocery price rises turn up heat on British consumers -Kantar research

British grocery price inflation was 2.1% in the four weeks to Oct. 31, its highest level since August 2020, market researcher Kantar said on Tuesday, adding to the pressure on household finances. Last week the Bank of England confounded widespread market expectations of an interest rate hike but with overall inflation heading for almost 5% […]


Read More.. Grocery price rises turn up heat on British consumers -Kantar research

German exports fall for second consecutive month in September

German exports fell for a second consecutive month in September while imports nearly stagnated, the statistics office said on Tuesday, in a further sign that supply chain disruptions are complicating the recovery of Europe’s largest economy. Seasonally adjusted exports dropped 0.7% on the month to 112.3 billion euros ($129.75 billion), compared to economists’ expectations for […]


Read More.. German exports fall for second consecutive month in September