Shares in Hong Kong Kong swung between gains and losses before stabilising more than 1% lower after the Hang Seng Index on Monday suffered its worst day since the financial crisis. Mainland gauges also fell, following a recordin US-listed Chinese stocks overnight as investors reacted negatively to President Xi Jinping tightening his control of government.
raised concern that concentrated decision-making could weaken growth and destabilise geopolitics. The decline extended after China’s central bank set the official fixing rate for the currency at the lowest level in 14 years. A fifth of S&P 500 companies have now posted third-quarter earnings with more than half outperforming estimates. Microsoft, Alphabet, Amazon.com and Apple report this week. The iPhone producerManufacturing and services data for the US underwhelmed, indicating Federal Reserve rate hikes are beginning to slow activity. Fed officials have entered a blackout period ahead of the central bank’s meeting next week, where it’s expected to raise rates 75 basis points.
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Global computer vision market set to hit $33bn by 2030 - IT-OnlineThe global computer vision (CV) market will be worth $32,8-billion in 2030, up from $12.5 billion in 2021 at a compound annual growth rate (CAGR) of 11%. According to GLobalData’s latest thematic report, ‘Computer Vision’, the explosion in the volume of visual data, coupled with the increased sophistication of artificial neural networks and the availability […]
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