Average rent hits record high again, house price decline slows

UK official data showed average private rents rose last month at the fastest pace since comparable records began in 2015. Figures from the Office for National Statistics (ONS) show that the soaring costs faced by renters have not slowed down since 2022. The economy grew 9% in the 12 months to February, according to preliminary … Read more

Huge demand for AI chips, Huawei smartphone production slows down

Last updated: February 5, 2024 15:44 UTC Soaring demand for Huawei’s artificial intelligence (AI) chips, coupled with manufacturing constraints, has forced the Chinese tech giant to prioritize artificial intelligence and slow production of its high-end Mate 60 phones, people familiar with the matter said. Huawei uses a factory to make Ascend artificial intelligence chips and … Read more