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Eurozone inflation stagnates in August
Eurozone inflation stagnates in August
Eurozone inflation remained unchanged in August, official data showed Thursday, leaving the European Central Bank faced with a conundrum over whether to continue hiking interest rates amid...
2023-08-31 18:50
Chinese developer Country Garden faces crunch vote on debt repayment
Chinese developer Country Garden faces crunch vote on debt repayment
Chinese property giant Country Garden faces a crunch vote Thursday in its effort to avoid default, after reporting a record loss and warning it was...
2023-08-31 18:47
India's Adani Group stung by fresh controversy
India's Adani Group stung by fresh controversy
A new report has alleged that the conglomerate used "opaque" funds in Mauritius to manipulate stock prices.
2023-08-31 18:28
Microsoft will split Teams from Office in Europe after EU pressure
Microsoft will split Teams from Office in Europe after EU pressure
Microsoft will allow business customers in Europe to buy its video and chat app Teams separately from its Office software, it said Thursday, a month after the European Union opened an antitrust investigation into the company's bundling of the products.
2023-08-31 18:27
Student loan interest resumes Friday and payments restart in October. Here's what borrowers should know
Student loan interest resumes Friday and payments restart in October. Here's what borrowers should know
For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills starting in October. The pandemic-related pause, which went into effect in March 2020, provided relief to nearly 44 million borrowers by freezing their accounts.
2023-08-31 18:16
Social media platform X to offer video, audio calls: Musk
Social media platform X to offer video, audio calls: Musk
The social media platform X will begin offering video and audio calling, owner Elon Musk announced on Thursday, a step towards turning the former Twitter...
2023-08-31 17:50
UBS to cut 3,000 jobs after Credit Suisse takeover
UBS to cut 3,000 jobs after Credit Suisse takeover
The Swiss bank reports bumper profits following the rescue of its rival but staff face redundancies.
2023-08-31 17:16
UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts
UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts
Banking giant UBS said Thursday it plans to fully absorb Credit Suisse's century-old Swiss division and slash thousands of jobs across Switzerland, as it seeks...
2023-08-31 16:25
Microsoft bows to EU competition concerns over Teams
Microsoft bows to EU competition concerns over Teams
Microsoft will unbundle its Teams communications from its popular Office suite in an attempt to assuage EU antitrust concerns...
2023-08-31 15:56
'Talk about something else': Chinese AI chatbot toes party line
'Talk about something else': Chinese AI chatbot toes party line
Chinese tech giant Baidu rolled out its ChatGPT-like ERNIE Bot to the...
2023-08-31 14:29
Baidu leads public rollout of AI chatbots in China
Baidu leads public rollout of AI chatbots in China
Tech giant Baidu launched China's first public artificial intelligence chatbot on Thursday, with ERNIE trained to censor highly sensitive topics for the ruling Communist Party...
2023-08-31 13:56
German 'cannabis clubs' on high as legalisation looms
German 'cannabis clubs' on high as legalisation looms
Hanover's cannabis club started as a fringe outfit of nine members campaigning for the right to legally light up joints. Now the group, and others like it, are flourishing and mainstream as...
2023-08-31 13:55
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