Cryptocurrencies suffered substantial losses in 2022, with major currencies witnessing a decline of more than half from their peak value. There is an increasing demand for stricter regulation on centralised crypto exchanges, which handle vast amounts of investor assets, yet often lack adequate disclosure, regulated custody, and customer protection. This column describers how wash trading […]
Rates of suicidal thoughts and suicide attempts among teenagers have risen significantly in several countries over the past decade. This column examines the impact of high-speed internet expansion on adolescent mental health in Spain. The results suggest that access to high-speed internet significantly increased behavioural and mental health cases among girls aged 15 to 19. […]
At the World Bank Group-IMF Spring Meetings this week, I will be advocating strongly for sound development solutions for the mounting challenges facing developing countries. Resolving the impasse in debt restructurings, especially for the world’s poorest countries, is going to be at the center of discussions. On Wednesday, I will co-chair, with IMF Managing Director Kristalina […]
Samsung Electronics Co Ltd said on Friday it would make a “meaningful” cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. The unusual output cut by the world’s biggest memory chipmaker – with no previous announcement recalled by Samsung […]
Tech giant Alibaba is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the explosive success of ChatGPT. The free-to-use ChatGPT, a large language model (LLM) application created by Microsoft-backed OpenAI, was released to the public last November and can generate articles and essays […]
General Motors’ robotaxi unit Cruise LLC is recalling the automated driving software in 300 vehicles after one of its driverless vehicles crashed into the back of a San Francisco bus. The March 23 collision was the fault of a software error in a Cruise automated vehicle (AV) that inaccurately predicted the movement of an articulated San […]
Tesla is recalling just over 400 Model 3 vehicles in the United States because front suspension lateral link fasteners may loosen. Tesla will tighten or replace the lateral link fasteners to address the issue that could allow the lateral link to separate from the sub-frame on the recalled 2018 and 2019 model year vehicles. The National […]
Used electric vehicle sales in the United States rose 32% in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said the average retail listing prices for used EVs was around $43,400, down 4% from the same quarter last year and significantly below the average new […]
WeWork Inc on Friday said it has adopted a “poison pill” to limit its shareholders from increasing stakes, which would make it difficult for the company to use its net operating loss (NOL) carryforwards to reduce tax. As of Dec. 31, 2021, WeWork had about $6.9 billion of U.S. federal NOLs and $6.6 billion of state […]
U.S. safety authorities said on Friday they are investigating whether an advanced driver assistance system was in use when a Tesla struck a 17-year-old student that exited a school bus in North Carolina. The National Highway Traffic Safety Administration (NHTSA) said Friday it would open the special crash investigation into a incident in which 51-year-old […]
