The US economy is defying expectations, says Biden's top economic adviser
The resiliency of the US economy is defying expectations — and the odds of a "soft landing" are improving, said Lael Brainard, President Joe Biden's top economic adviser, on Wednesday afternoon.
2023-07-13 01:19
Explainer-Why is the U.S. SEC reforming money market funds?
By Michelle Price WASHINGTON The U.S. Securities and Exchange Commission (SEC) on Wednesday finalized long-awaited regulations to improve
2023-07-13 00:55
UK economy shows strains and gains, complicating BoE's job
By William Schomberg LONDON Britain's economy is showing some signs of strain from the Bank of England's 13
2023-07-12 23:16
AI promises to make us more productive. That could help curb inflation
When an airline in the Middle East was recently inundated with 16,000 applications for several cabin crew roles, it turned to artificial intelligence to sift through the resumes and select the most promising candidates.
2023-07-12 21:16
This CEO replaced 90% of support staff with an AI chatbot
The chief executive of an Indian startup laid off 90% of his support staff after the firm built a chatbot powered by artificial intelligence that he says can handle customer queries much faster than his employees.
2023-07-12 20:59
Illumina hit with record $476 million EU antitrust fine over Grail deal
By Foo Yun Chee BRUSSELS (Reuters) -U.S. genetic testing company Illumina was hit with a record 432-million-euro ($476 million) EU
2023-07-12 18:51
Audi in talks to buy Chinese automaker SAIC's EV platform -sources
SHANGHAI Germany's Audi is in talks with SAIC Motor Corp to buy an electric vehicle platform from the
2023-07-12 17:59
Bank of England says UK economy is coping with higher rates
By David Milliken and Huw Jones LONDON (Reuters) -Britain's economy is so far proving resilient to a surge in interest
2023-07-12 15:58
Stress test shows top 8 UK banks have enough capital, says Bank of England
By Huw Jones LONDON (Reuters) -Britain's eight largest lenders have enough capital to ride out economic stress deeper than the
2023-07-12 15:50
Chip Designer Arm in Talks With Nvidia to Anchor IPO, FT Says
Arm Ltd., the chip designer backed by SoftBank Group Corp., is in talks with Nvidia Corp. to join
2023-07-12 13:50
India CEO criticised for picking AI bot over human staff
Suumit Shah, founder of an e-commerce website, said that his firm had laid off 90% of its support staff.
2023-07-12 13:28
Google Veteran Steps Down as Manager in Cloud Shakeup, CNBC Says
One of Google’s earliest and most senior employees will step back from an executive management role, in a
2023-07-12 13:19