First Citizens BancShares Inc said on Monday it will acquire the deposits and loans of failed Silicon Valley Bank, closing one chapter in the crisis of confidence that has ripped through global financial markets. The Federal Deposit Insurance Corporation (FDIC), which took control of SVB earlier this month, said in a separate statement it has […]
Search results for "big tech"
Iraq’s oil output and capacity may peak following growth of around 25% over the next five years, analysts said, falling short of 2027 targets and ending a long-standing ambition to rival the output of top OPEC producer Saudi Arabia. Political infighting has cost Iraq the opportunity to invest in growing output more quickly. As the […]
Thriving as a business in this dog-eat-dog world is a herculean task. And business owners are left using every opportunity to one-up other businesses and try to compete with the big companies. Additionally, Small and micro-sized enterprises have to integrate the latest innovation into their business model, or else risk being left behind in the […]
Russia has a deal to station tactical nuclear weapons on the territory of neighbouring Belarus, President Vladimir Putin said on Saturday, adding this will not violate non-proliferation agreements. What are these weapons and what is Russia’s policy on them: WHAT ARE THE CONCERNS The United States has said the world faces the gravest nuclear danger […]
Our world was built with little to no accommodations for the disabled community in mind. But the metaverse is a blank slate, meaning we can make it inclusive from the get-go. While society has gotten better in accommodating everyone in the spaces that they’ve always had a right to occupy, it does come up short […]
Chinese battery giant CATL plans this year to start mass production and delivery of batteries based on a new materials technology, M3P, which will perform better and cost less than nickel and cobalt-based batteries, its chairman said. M3P batteries will have greater energy density and perform better than lithium-ion phosphate batteries, a market CATL dominates. […]
Citizens Financial Group Inc is working on a bid to acquire the private banking business of failed Silicon Valley Bank, two people familiar with the matter said on Thursday. Citizens, one of the largest U.S. regional banks, is preparing to submit an offer in the auction of the business, which is called SVB Private, the […]
European Union leaders agreed on Thursday to back a revamp of the single market, simplified regulations and other steps to ensure the bloc can compete with the United States and China as an industrial leader in green and digital technologies. High energy prices and U.S. President Joe Biden’s Inflation Reduction Act, which offers $369 billion […]
France’s National Assembly on Thursday approved the use of Artificial Intelligence (AI) video surveillance during the 2024 Paris Olympics, overlooking warnings from civil rights groups that the technology posed a threat to civil liberties. The government says algorithmic video surveillance can detect “pre-determined events”, abnormal behaviour and crowd surges, helping ensure the safety of millions […]
China’s lithium prices are plunging faster than expected this year, down 34% in the last four weeks alone, hit by a slump in demand for electric vehicles in the world’s biggest market that has left stocks of the metal piling up. Spot lithium carbonate prices assessed by Fastmarkets fell to 260,000 yuan ($38,079.06) per tonne […]