Category Archives:
EU seeks to prevent taxpayer cash being used to save failing banks
By Huw Jones (Reuters) - The European Union proposed on Tuesday making it harder for governments to repeat pouring billions of euros of state aid into a bank as Italy did with Monte dei Paschi di Sien...
Apr 18, 2023
Goldman Sachs initiating sale of fintech unit GreenSky
(Reuters) - Goldman Sachs Group Inc is starting a process to explore the sale of GreenSky, its fintech unit, the bank's chief executive officer, David Solomon, said on Tuesday. "We believe GreenSky is...
Apr 18, 2023
EU proposes $1.2 billion plan to counter growing cybersecurity threats
By Foo Yun Chee BRUSSELS (Reuters) - The European Commission on Tuesday announced a 1.1-billion-euro ($1.2 billion) plan to counter growing cybersecurity threats, underscoring mounting concerns about ...
Apr 18, 2023
Microsoft developing its own AI chip – The Information
(Reuters) - Microsoft Corp is developing its own artificial intelligence chip code-named "Athena" that will power the technology behind AI chatbots like ChatGPT, the Information reported on Tuesday, c...
Apr 18, 2023
Raytheon, Lockheed executives banned from China
BEIJING (Reuters) - China has banned senior executives of Raytheon Missiles & Defense and Lockheed Martin Corp from entering, working, staying and residing in the country since Feb. 16, the Ministry o...
Apr 18, 2023
Broadcom releases chip for wiring together AI supercomputers
By Stephen Nellis (Reuters) - Broadcom Inc on Tuesday released a new chip for wiring together supercomputers for artificial intelligence (AI) work using networking technology that is already in wide u...
Apr 18, 2023
Russian central bank official sees 2023 growth close to 1%
MOSCOW (Reuters) - Russia's economic growth this year is likely to come in at the top end of the central bank's forecast range of between minus 1% and 1%, a senior bank official said on Tuesday. In an...
Apr 18, 2023
FDA authorizes second bivalent COVID booster for older adults
(Reuters) -The U.S. Food and Drug Administration on Tuesday authorized a second dose of the so-called bivalent COVID-19 vaccines for people aged 65 years of age and older, at least four months after t...
Apr 18, 2023
Exclusive-Fed’s Bullard discounts recession talk, favors more rate hikes
By Howard Schneider ST. LOUIS (Reuters) - The U.S. central bank should continue raising interest rates on the back of recent data showing inflation remains persistent while the broader economy seems p...
Apr 18, 2023
More US consumers are falling behind on payments
By Tatiana Bautzer NEW YORK (Reuters) - Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. banks, although...
Apr 18, 2023
Peoria, IL, USA
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