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Exclusive-China's state banks seen selling dollars for yuan in London and New York hours
Exclusive-China's state banks seen selling dollars for yuan in London and New York hours
SHANGHAI (Reuters) -China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore
2023-08-17 12:55
Explainer-Why the US offshore wind industry is in the doldrums
Explainer-Why the US offshore wind industry is in the doldrums
By Scott DiSavino and Nerijus Adomaitis The value of Danish energy company Orsted, the world's largest offshore wind
2023-09-07 00:23
Putin to boost AI work in Russia to fight a Western monopoly he says is 'unacceptable and dangerous'
Putin to boost AI work in Russia to fight a Western monopoly he says is 'unacceptable and dangerous'
Russian President Vladimir Putin says that he will endorse a national strategy for the development of artificial intelligence
2023-11-24 23:28
Bath & Body Works sees steeper sales drop on slowing demand
Bath & Body Works sees steeper sales drop on slowing demand
Bath & Body Works on Wednesday warned of a steeper decline in annual sales as Americans deferred purchasing
2023-08-23 19:50
OpenAI, IBM Urge Senate to Act on AI Regulation After Past Tech Failures
OpenAI, IBM Urge Senate to Act on AI Regulation After Past Tech Failures
Executives from two major AI companies asked senators on Tuesday to pass regulations for the ground-breaking but nascent
2023-05-17 00:21
Brazil’s Oi to Seek 4b Reais Funding in Reorganization Plan
Brazil’s Oi to Seek 4b Reais Funding in Reorganization Plan
Under judicial protection since mid March, Brazilian telecom operator Oi plans to seek emergency funding of at least
2023-05-20 23:20
Walker & Dunlop Arranges $157 Million Loan with Affinius Capital and Clarion Partners for SLC Mixed-Use Development
Walker & Dunlop Arranges $157 Million Loan with Affinius Capital and Clarion Partners for SLC Mixed-Use Development
BETHESDA, Md.--(BUSINESS WIRE)--Nov 28, 2023--
2023-11-28 19:57
YouTube scraps 2020 US election misinformation policy
YouTube scraps 2020 US election misinformation policy
YouTube will stop removing content that falsely claims the 2020 US presidential election was plagued by "fraud, errors or glitches," the platform said Friday, a...
2023-06-03 08:50
Twitter down: X stops working hours after Elon Musk announces he wants people to pay to use it
Twitter down: X stops working hours after Elon Musk announces he wants people to pay to use it
X, the platform formerly known as Twitter, has stopped working. The site broke hours after Elon Musk said that he is planning to force everyone to pay for access to the site. Some parts of X continued to load, for some people. But users had problems with much of the site, including loading tweets and their timelines. Tracking website Down Detector showed a huge influx of reports of problems on Tuesday afternoon, across the world. That site depends on reports from X, and so may experience problems itself. Mr Musk told Israeli prime minister Benjamin Netanyahu that the subscription fee was necessary to avoid “vast armies of bots” that he claimed have taken over the service. “We’re actually going to come up with a lower tier pricing... we just want it to be a small amount of money,” he said. “This is a longer discussion, but, in my view, this is actually the only defence against vast armies of bots.” Ever since completing his takeover of the platform formerly known as Twitter last year, the Tesla and SpaceX boss has spoken extensively about wanting to boost X’s income through new revenue streams, including subscription models. When launching Twitter Blue - now known as X Premium - a number of features which had previously been free to all users were placed behind the subscription paywall in an effort to spark more sign-ups for the paid version of the site. The need for new, different forms of income has become vital for Mr Musk after X advertising revenue plummeted in the wake of his takeover amid concern over his support for absolute free speech and more relaxed content moderation as a result. A number of advertisers went on to reduce or completely stop their advertising on the site. Mr Musk has previously said several campaign groups have falsely accused him and X of being antisemitic, costing the site millions in lost revenue because of advertising boycotts as a result. In his conversation with Mr Netanyahu, the Israeli leader said he knows Mr Musk is “committed” to stopping antisemitism after the billionaire reiterated he is against hate speech. Additional reporting by agencies Read More How does Russell Brand make money online? Elon Musk wants all Twitter users to pay a monthly fee Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit Twitter rival Bluesky hits new milestone Famed tech journalist deletes X account with epic rant at Elon Musk Why is Elon Musk obsessed with the letter X?
2023-09-19 22:21
Oil Tests November High After OPEC+ Leaders Extend Supply Cuts
Oil Tests November High After OPEC+ Leaders Extend Supply Cuts
Oil held near the highest since November after OPEC+ leaders Saudi Arabia and Russia announced that they would
2023-09-06 09:27
Canada expects to finalise free trade agreement with ASEAN
Canada expects to finalise free trade agreement with ASEAN
JAKARTA Canada expects to finalise a free trade agreement with ASEAN following the launch of the Canada-ASEAN strategic
2023-09-06 18:50
Big Banks Get a Breather to Respond to Planned Capital Mandates
Big Banks Get a Breather to Respond to Planned Capital Mandates
Top US financial regulators on Friday delayed a deadline for comments on their sweeping plan to impose tighter
2023-10-21 01:23