French Inflation Declines, Opening Door to ECB Rate Cut
French inflation cooled more than expected in May, likely clearing the way to an expected European Central Bank interest-rate cut next month.
Consumer prices were 0.6% higher on year this month, down from 0.9% in April, according to EU-harmonized figures published Tuesday by France's statistics agency Insee. Economists had expected May's rate to stay at 0.9%, according to economists polled by The Wall Street Journal.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
Axios CEO Warns AI Will ‘Reorder Society'
Axios CEO Jim VandeHei on Friday warned that artificial intelligence will 'reorder society,' further admitting he is alarmed and thrown off by how cavalierly lawmakers in Washington, D.C., are approaching the technology. VandeHei made the comment on MSNBC's 'Morning Joe,' while discussing an Axios story from earlier this week saying AI may lead to a 'white-collar bloodbath.' In the piece, which VandeHei wrote with Axios co-founder Mike Allen, the writers said 'AI could wipe out half of all entry-level white-collar jobs — and spike unemployment to 10-20% in the next one to five years,' according to one AI executive. 'I feel like I'm living in a simulation, where you see so clearly where the world's going over the next five years, and yet Washington pays very little attention to it,' VandeHei told Joe Scarborough on Friday morning. 'What we're saying is: just pay attention.' He also said he views AI as both a 'threat and a massive opportunity,' and that college grads need to be mindful of the industries they are heading into because of it. He added that AI does not have to lead to 'massive upheaval,' but he is concerned by the lack of concern shown by other CEOs and lawmakers over the tech's affect. AI has been a hot topic in media this week, with several attendees at the Wall Street Journal's 'The Future of Everything' event in New York City sharing their takes on it. Imagine Entertainment co-founders Ron Howard and Brian Grazer on Wednesday said they are both 'excited' by AI and use it as a tool to jumpstart ideas, but Grazer said it will never have the 'soul' necessary to replace professional writers. A day later, OpenAI COO Brian Lightcap said he believes artificial general intelligence — where AI models can perform any intellectual task that humans can — will be reached within the next four years. And Reddit co-founder Alexis Ohanian said during a different panel on Thursday that he believes 'the pure software part of Silicon Valley' will have a 'reckoning' in the next few years as a result of AI. For more on how Hollywood has moved from 'fearful observer to active participant in the AI revolution,' click here. The post Axios CEO Warns AI Will 'Reorder Society' appeared first on TheWrap.
Associated Press
36 minutes ago
- Associated Press
Specialist Hospitality Sector Accountants, James Todd & Co, Share Advice for Businesses Hit By Revenue Uncertainty
05/29/2025, Chichester PO20 2EW // KISS PR Brand Story PressWire // James Todd & Co, a respected accountancy group with experts focused on the hospitality sector, has offered some guidance for businesses in the industry, following a tumultuous few months where revenues have fluctuated considerably, and in contrast to the general GDP trends. The latest UK GDP figures, published by the Office for National Statistics (ONS) provided long-awaited relief reflecting a small margin of growth of 0.2% in March 2025, which compares to 0.5% in February and a contraction of 0.1% in January. While improvements in services spending have played an important role, the firm notes that the levels of apprehension currently present require agility and robust financial planning. Why Hospitality Sector Businesses Are Struggling With Uncertainties Over the Future Last year was a significant challenge for many hospitality businesses. Sharp rises in operating costs, high inflation levels, and consumer caution meant that a large proportion of organisations found it challenging to remain profitable. A reported 42% of consumers indicated last year that they intended to reduce spending on dining out, which increased to 46% for 2025. While interest rates have now stabilised to some extent, the 8.5% increase in staffing overheads introduced in the Autumn Budget has painted an uneasy picture for the months ahead. Given the sector's dependency on discretionary spending, record-high utility prices and dips in consumer confidence have had a greater direct impact on the hospitality sector than in many other areas. This culminated in a 2.4% fall in trade in January, far underperforming against overall GDP, which shrank by 0.1%. Although the most recent data shows a more positive outlook, with modest GDP growth largely attributed to services industries, concerns remain. These are particularly relevant following a year when like-for-like sales only occasionally reached above inflation levels and when thousands of hospitality companies closed their doors in just the last quarter—a closure rate of eight businesses or venues a day. In this climate, James Todd & Co has advised that in-built contingency planning, accurate short and long-term forecasting, and continual oversight of cost pressures, profitability, and reserves are crucial. This gives hospitality sector clients the flexibility to adapt and respond to changes while focusing on commercial sustainability. Targeted Guidance for Hospitality Business Owners in 2025 Michelle Buzzard, FCA, Partner at James Todd & Co said, ' There's no doubt that it's been a tough couple of years for most hospitality businesses, and we've seen particular difficulties within economy-focused providers, as opposed to luxury services, who have been hit hardest by drops in consumer spending. It's also no surprise that the measures introduced in the Autumn Budget and Spring Statement seem to compound the challenge, with many owners already struggling to balance their books and looking for better ways to remain buoyant and liquid while dealing with higher costs and lower incomes. Our key advice for any company in this situation or with concerns over the viability of its trade over the year ahead is to seek expert advice sooner rather than later – which means they do not end up in a situation where the stress of uncertainty makes it all but impossible to focus on innovation and efficiency. Hospitality companies are no strangers to volatility, and most already manage seasonality. Many owners already know they need oversight of overheads and cash flows, to account for periods with typically lower incomes and ensure that reserves are allocated to cover outgoings between peak trading seasons. However, we've seen an increasing number of companies reach the point of crisis, where detailed, diligent financial planning, cost control measures, and budgeting before this point could have highlighted opportunities to restructure, introduce cash flow management strategies, or potentially source financing or capital investment.' Proactive Financial Management Recommendations for the Hospitality Sector Michelle goes on to say, ' Professional accounting isn't just about preparing retrospective accounts, but about giving our clients the tools and resources they need to effectively plan ahead and see barriers to growth before they arrive. We ensure businesses have the support necessary to create contingencies or look at changes to their trading models to adapt to fluctuating consumer trends. Ignoring an issue or hoping for the best is never advisable. We suggest that hospitality businesses with concerns or a lack of forecasting for the summer trading period contact our accountancy teams directly or arrange a convenient time to meet at our Chichester or Fareham offices.' James Todd & Co offers a comprehensive range of hospitality accounting and financial management services, including bookkeeping services, tax planning, VAT reporting, and general accounting expertise. The company also offers bespoke coaching services through its Goals to Growth programme. Read more about James Todd & Co - Accomplished Charity Accountants at James Todd & Co Comment on Calls for New Exemptions and Allowances About James Todd & Co James Todd & Co have been providing accounting services for more than 30 years across Chichester, Fareham, and Portsmouth for businesses across the South East. Their clients trust them to provide bookkeeping, financial auditing and compliance, management accounting and financial advisory services. Media Contact: Oliver Read James Todd & Co 01243 776938
Associated Press
an hour ago
- Associated Press
Market Leaders Address Latency Challenges with Edge Computing Solutions
DUBLIN--(BUSINESS WIRE)--May 30, 2025-- The 'Next-gen Content Delivery Networks and Edge Services, 2025: Frost Radar Report' report has been added to offering. The report for the next-gen content delivery networks (CDN) and edge services industry analyzes providers offering services to deliver web content, video, and applications to end-users with high performance, low latency, and robust security. The CDN market has evolved to include: The CDN industry has transformed from solely focusing on content delivery to providing a comprehensive suite of services that enable secure, high-performance, and real-time content delivery, edge computing, and cloud-native services. Reducing latency and enhancing performance are critical challenges in the next-gen CDN and edge services market. The rapid growth of video streaming services and the increasing demand for high-resolution content (such as 4K and 8K videos), as well as lower latency, are pushing the limits of traditional CDN infrastructure. Additionally, as real-time applications like IoT, smart cities, augmented reality (AR), and virtual reality (VR) become more prevalent, the demand for low-latency, high-performance content delivery networks (CDNs) is increasingly growing. Market leaders are addressing this challenge by integrating edge computing solutions that process data closer to end-users, significantly reducing latency and improving performance. This transformation is essential for supporting the growing demand for bandwidth-intensive digital experiences. The CDN and edge services market is witnessing a transformation driven by innovative business models and megatrends. Traditional CDNs operated on a per-byte traffic charging model, but this approach is becoming commoditized. Providers are now expanding their service portfolios to include higher value-add networks and security services, creating subscription-based packages. This diversification is reshaping the market, with top-tier providers offering comprehensive solutions that encompass content delivery, security, and edge computing. The market is characterized by intense competition and geopolitical challenges. Consolidation among major players and the entry of cloud providers and ISPs are increasing competitive pressure. Additionally, geopolitical factors such as data sovereignty and localization regulations are complicating global content delivery. Successful companies are navigating these challenges by adopting multi-cloud strategies, enhancing their security offerings, and expanding their global reach through partnerships and localized presence. The 13 companies profiled in this report were selected based on their ability to meet a set of specific criteria, including offering a comprehensive CDN solution with a significant global presence, providing robust edge computing capabilities, integrating advanced security features, supporting cloud-native services, demonstrating innovation and R&D investments, having a visible customer base and significant revenues, and providing a user-friendly platform. Key Topics Covered: Strategic Imperative and Growth Environment Next-Gen Content Delivery Networks and Edge Services Companies to Action Best Practices & Growth Opportunities For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY NETWORKS INTERNET SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/30/2025 10:36 AM/DISC: 05/30/2025 10:35 AM
