(Reuters) – Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek have critisised European regulations surrounding open-source artificial intelligence, saying the continent risks falling behind bec[...]
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August 23, 2024
Former Citigroup executive suing bank was fired for performance, company says
By Tatiana Bautzer NEW YORK (Reuters) – Citigroup alleges that a former managing director suing the bank was fired for performance reasons, rather than for what she said were attempts by the ban[...]
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US requests probe of alleged labor rights denial at Pirelli facility in Mexico
WASHINGTON (Reuters) – The United States said on Friday it had asked Mexico to review alleged worker rights violations at tire maker Pirelli’s facility in Silao de la Victoria city, the 26[...]
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Powell green lights September rate cut
(Reuters) – Federal Reserve Chair Jerome Powell said on Friday “the time has come” for the U.S. central bank to cut interest rates as rising risks to the job market left no room for[...]
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Microsoft to host cybersecurity summit after CrowdStrike-induced IT outage
(Reuters) -Microsoft said on Friday it would hold a summit in September to discuss steps to improve cybersecurity systems, after a faulty update from CrowdStrike caused a global IT outage last month.[...]
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Anthropic says California AI bill’s benefits likely outweigh costs
(Reuters) – The benefits of California’s revised bill that seeks to regulate how artificial intelligence is developed and deployed in the state likely outweigh the costs, Anthropic said on[...]
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Investors rush to money market funds before Fed rate cut, BofA says
By Harry Robertson LONDON (Reuters) – Investors poured $37 billion into cash-like money market funds (MMFs) in the week to Wednesday, Bank of America said on Friday, as they braced for the U.S.[...]
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Analysis-Ozempic on Wall Street’s list for 2027 Medicare drug negotiations
By Michael Erman NEW YORK (Reuters) – Now that the U.S. government has negotiated prices for some Medicare program drugs effective in 2026, Wall Street analysts are betting on a 2027 list that w[...]
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US spy agencies lag civilian workforce in diversity, says report
By Jonathan Landay WASHINGTON (Reuters) – Minorities, women and disabled persons are still underrepresented in U.S. spy agencies compared with the U.S. civilian workforce, said a report released[...]
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