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Mid-Week News Brief

Catch up on the top news of the week in minutes.

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by Ludo Lugnani
Mid-Week News Brief
  • 🇬🇧 UK's Cooling Inflation: UK inflation fell to a 2.5-year low of 3.2% in March, spurred by decreasing food prices. Although still above the Bank of England's 2% target, the trend might open doors for potential interest rate cuts.
  • 🇦🇺 Australia's Defence Pivot: Australia announced its first national defence strategy, emphasizing a shift towards the Asia-Pacific to address China's growing influence. Defence spending is set to rise to 2.4% of GDP, reflecting an increase from the current 2.1%.
  • 💨 Wind Power's Swift Growth: Last year, wind farms globally added a whopping 117 gigawatts of capacity, marking a 50% boost from 2022. However, the Global Wind Energy Council notes that this pace must accelerate to meet COP28’s annual target of 320GW by 2030.
  • 🌐 OpenAI's Asian Expansion: OpenAI expands into Asia with a new Tokyo office, offering Japanese companies early access to a tailored GPT-4 model. This move aims to enhance partnerships with major tech firms like Daikin and Toyota Connected.
  • 🌍 New Sanctions on Iran: In response to Iran's attack on Israel, the US and EU are lining up fresh sanctions targeting Iran’s missile and drone programs.
Credit: FT
Ludo Lugnani profile image
by Ludo Lugnani

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