Search results for "ai risks"

Asian shares slide after tech, bank sell-off on Wall Street

Shares skidded in Asia on Wednesday after Wall Street closed lower for a second straight day, led by drops in technology companies and banks. Worsening coronavirus outbreaks in Asia have cast a shadow over prospects for a rebound from the pandemic. Tokyo’s Nikkei 225 fell more than 2% and other benchmarks also declined. On Tuesday, […]

Mastercard, Geidea team up to bring contactless payments to Saudi Arabia

Global financial services company Mastercard, and Geidea, the largest fintech company in Saudi Arabia by market share, announced earlier this week a strategic partnership agreement to accept Mastercard payments using a Tap-on-Phone solution in Saudi Arabia. Geidea is the first fintech company to roll out contactless payments acceptance technology across the Kingdom, which will enable […]

Official: EU agency to confirm AstraZeneca blood clot link

A top official at the European Medicines Agency says there’s a causal link between AstraZeneca’s coronavirus vaccine and rare blood clots, but that it’s unclear what the connection is and that the benefits of taking the shot still outweigh the risks of getting COVID-19. Marco Cavaleri, head of health threats and vaccine strategy at the […]

ING: Pandemic creates “white swan” moment for green banking

A new global survey of companies and institutional investors commissioned by ING, the multinational banking and financial services corporation, shows the pandemic, as a ‘white swan’ moment – perhaps an unintended positive outcome – which has accelerated the majority of companies’ green banking and financial services corporation plans. At the same time, investors are demanding […]

AstraZeneca: US data shows vaccine effective for all ages

AstraZeneca’s COVID-19 vaccine provided strong protection against sickness and eliminated hospitalizations and deaths from the disease across all age groups in a late-stage study in the United States, the company announced Monday. AstraZeneca said its experts did not identify any safety concerns related to the vaccine, including finding no increased risk of rare blood clots […]

China slams US plan to expel phone carriers in tech clash

China’s government on Thursday called on Washington to drop efforts to expel three state-owned Chinese phone companies from the United States in a new clash over technology and security. The Federal Communications Commission voted Wednesday to begin revoking the companies’ U.S. licenses. It said they are security risks controlled by the communist Beijing government. The […]

A push to teach gamblers which sport betting sites are legal

A gambling industry group wants to teach consumers how to tell if a particular sports betting or online casino site is legal or not. Conscious Gaming, a nonprofit group associated with an online gambling technology firm, launched its Bettor Safe campaign this week to promote the advantages of licensed gambling sites, including consumer practices, and […]

Biden's pick for SEC flags trading app gimmicks for scrutiny

President Joe Biden’s choice to head the Securities and Exchange Commission told Congress on Tuesday that the agency should address how to protect investors who use online stock-trading platforms with flashy tech gimmicks that entice them to trade more. Gary Gensler, who was a chair of the Commodity Futures Trading Commission during the Obama administration, […]

Senate vetting Biden's choice for SEC head amid stock drama

President Joe Biden’s choice to head the Securities and Exchange Commission is coming before a Senate panel for his confirmation hearing at a moment when a roiling stock-trading drama has spurred clamor for tighter regulation of Wall Street. Gary Gensler, a chairman of the Commodity Futures Trading Commission during the Obama administration, has experience as […]