NatWest warned on Friday that rising interest rates may not deliver the long-lasting earnings bonanza investors hope for, even though profit jumped by 33% last year. Shares in the bank fell as much as 9% as investors digested forecasts for profitability and costs for 2023, even as the bank reported annual pretax profit rose to 5.1 […]
Tech giants including Facebook, Google, Twitter and TikTok face stricter online content rules in the European Union due to their huge number of users. The new rules, known as the Digital Services Act (DSA), classify companies with more than 45 million users as very large online platforms (VLOPs) and require them to do risk management […]
Investors turned more cautious in the week to Wednesday, according to data from Bank of America, as a run of data prompted many to raise their forecasts for how high the U.S. Federal Reserve will take interest rates. BofA Global Research’s weekly “Flow Show”, released on Friday, showed the largest outflows from technology funds since […]
Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show. Over the first three months of 2021, more than $400 million flowed […]
OpenAI, the startup behind ChatGPT, on Thursday said it is developing an upgrade to its viral chatbot that users can customize, as it works to address concerns about bias in artificial intelligence. The San Francisco-based startup, which Microsoft Corp has funded and used to power its latest technology, said it has worked to mitigate political and […]
Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse unit, three sources familiar with the matter said. The world’s largest video game publisher had ambitious plans to build both virtual reality software and hardware at an […]
The Indian government has told the country’s top court that the “truthfulness” of allegations made by a U.S. short seller against the Adani Group should be examined, according to a government filing seen by Reuters. The Supreme Court is yet to issue an order on setting up a panel proposed to examine investor protection mechanisms in the […]
The fate of Finland’s bid to join NATO is in “Turkey’s hands”, President Sauli Niinisto said on Friday, after the Finnish parliament agreed it would ratify NATO’s founding treaties on Feb. 28. Last May, Finland and neighbouring Sweden applied to join the Western military alliance in response to Russia’s invasion of Ukraine. But existing member Turkey has […]
India’s Russian oil imports climbed to a record 1.4 million barrels per day (bpd) in January, up 9.2% from December, with Moscow still the top monthly oil seller to New Delhi, followed by Iraq and Saudi Arabia, data from trade sources showed. Last month Russian oil accounted for about 27% of the 5 million bpd […]
YouTube Chief Executive and one of the first Google employees, Susan Wojcicki, is stepping down from her role at the tech giant that started in her garage nearly 25 years ago, she said in a personal update on the video-sharing platform on Thursday. Wojcicki, 54, will be replaced by her deputy Neal Mohan, a senior […]
