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Business update

Eurozone inflation dips to 1.9%

Inflation in the euro area fell to 1.9% in December, according to new figures, down from 2.1% and below the expected 2%. It marked the first time since May that inflation has come in below the European Central Bank’s (ECB) 2% target, reinforcing expectations that interest rates will remain on...
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Saks Global struggles to line up financing as potential bankruptcy filing looms

Beleaguered retail chain Saks Global is struggling to line up as much as $1 billion in financing to keep its business afloat during a potential...

Capital One is wary about its rising Amazon cloud AI costs

Capital One is concerned about AI costs rising via its cloud-computing relationship with Amazon and may be looking for alternatives, according to an internal Nvidia document obtained...
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