Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration. Huang on Global Cooperation Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential. “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong. He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally. The Age of AI During a speech at the Hong Kong University of Science and Technology (HKUST) , Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.” Highlighting Nvidia’s innovations, he describe
Inflation in Malaysia ticked up slightly in October, driven by higher prices for food and personal care items, including jewellery, according to official data released on Friday.
The consumer price index (CPI) — Malaysia’s main measure of inflation — rose 1.9% year-on-year in October, slightly above the median forecast of 1.8% from a Bloomberg poll. This marked an increase from September’s inflation rate of 1.8%. Month-on-month, the CPI recorded a 0.2% rise in October.
The largest contributor to the CPI, food and beverages, saw a 2.3% increase compared to October last year. Meanwhile, the personal care and miscellaneous goods and services category surged by 3.4%.
Other categories such as restaurant and accommodation services; recreation, sport, and culture; health; transport; and household furnishings also rose but at a slower pace. Conversely, inflation in the information-and-communication and clothing-and-footwear categories remained in negative territory during October.
Sub-indices for housing, utilities, education, alcoholic beverages, tobacco, and insurance services maintained the same rate of increase as seen in September.
Core inflation, which excludes volatile and price-controlled items, held steady at 1.8% year-on-year in October, unchanged from the prior month. This measure reflects domestic-driven inflation dynamics.
The central bank anticipates inflation to stay “modest” for the rest of 2024, but the outlook for 2025 depends on domestic policies and external risks. The official inflation forecast for 2024 remains at 1.5%-2.5%, as stated in the Economic Report 2024/2025.
Comments
Post a Comment