By Lena Masri (Reuters) -The founders of artificial intelligence company NtechLab said they resigned over disagreements with the company’s management and investors about projects in Russia. One of the[...]
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March 30, 2023
Yellen says US bank rules may be too loose, need to be re-examined
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that banking regulation and supervisory rules need to be re-examined in the wake of the Silicon Valle[...]
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Swiss authorities reveal costs of Credit Suisse lifeline
By Noele Illien ZURICH (Reuters) -Switzerland’s 250 billion Swiss franc lifeline thrown to Credit Suisse and UBS could cost them more than 10 billion francs ($10.95 billion) in interest if used[...]
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Russian carmaker Avtovaz brings forward holiday shutdown amid component shortage
MOSCOW (Reuters) – Russia’s largest carmaker, Avtovaz, said on Thursday that it was bringing forward an annual three-week company summer holiday by several weeks because of component short[...]
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South African catastrophes, power woes signal end of cheap insurance
By Tannur Anders and Promit Mukherjee JOHANNESBURG (Reuters) – Three major jolts in as many years coupled with the once unthinkable possibility of a power grid collapse have spooked reinsurers i[...]
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Mercedes amps up renewable energy switch with Iberdrola wind deal
By Victoria Waldersee and Ilona Wissenbach BERLIN (Reuters) -Mercedes-Benz said on Thursday it had signed a power purchase agreement (PPA) with Spain’s Iberdrola for 140 megawatts (MW) of wind e[...]
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Analysis-After extraordinary rally, bonds’ fate now with bank stability and inflation
By Yoruk Bahceli (Reuters) – Borrowing costs in some of the world’s biggest economies end a volatile quarter eyeing their sharpest drops in years and more swings are likely until it is cle[...]
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S.Korea, Taiwan chipmakers express concern about US subsidy criteria
By Joyce Lee and Ben Blanchard SEOUL/TAIPEI (Reuters) – The criteria for new U.S. semiconductor subsidies is worrying companies such as Samsung Electronics Co Ltd and SK Hynix Inc, South Korean[...]
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Meta rolls out long-sought tools to separate ads from harmful content
By Katie Paul (Reuters) – Meta Platforms Inc said on Thursday it is now rolling out a long-promised system for advertisers to determine where their ads are shown, responding to their demands to[...]
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