Sight deposits held by the Swiss National Bank declined last week, data showed on Monday, suggesting that Credit Suisse and UBS may have cut back on use of emergency funds offered them to facilitate their planned merger. Total sight deposits – meaning commercial bank cash held by the central bank overnight – fell to 563.566 […]
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China was strongly dissatisfied with Japan’s export restrictions on chip manufacturing equipment, Chinese foreign ministry spokesperson Mao Ning said on Monday. China hoped Japan would act on its statements of cooperation with China and take an objective stance, Mao told reporters at a regular briefing. Japan said on Friday it would restrict exports of 23 […]
(This March 31 story has been corrected to say Laurianne Krid is director general of FIA Region I, part of the Federation Internationale de l’Automobile (FIA), and not director general of the Federation Internationale de l’Automobile, in paragraph 8) Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable […]
The next 12 months will see the enterprise IT market continue to adapt and grow, as new networking and connectivity technologies become available across multiple industry verticals. There is a great opportunity for organisations to pivot their business operations with new levels of automation, security, and intelligence. In this article, we will examine the latest […]
Italy’s deputy prime minister on Sunday criticised a decision by the government’s Data Protection Authority to temporarily ban chatbot ChatGPT, saying the block over privacy concerns seemed excessive. Microsoft-backed OpenAI took ChatGPT offline in Italy on Friday after the national data agency raised concerns over possible privacy violations and for failing to verify that users […]
The Fintech reckoning was bound to happen. The industry has been growing steadily since the 2008 financial crisis, but the COVID-19 pandemic was the leading enabler of forced integration into a fragile economic situation. The quicker they climb, the harder they fall. Financial technology (Fintech) has been a growing industry since the late 1960s, even […]
China’s Huawei Technologies is partnering with more legacy automakers to produce Aito-branded electric cars, the company’s senior executive said on Saturday, in a move to expand its presence in the auto industry. Huawei will team up with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded vehicles, Richard Yu, […]
A senior Volkswagen AG China executive reiterated on Saturday the German automaker’s commitment to quickening the pace of electrification in the world’s second largest economy despite issues such as intensified competition and weak demand. VW plans to increase the number of charging posts for electric vehicles in China to 17,000 by 2025, as it planned […]
A bipartisan group of U.S. lawmakers reintroduced a bill to allow news organizations to join together to negotiate ad rates with tech giants such as Alphabet Inc’s Google. The measure would allow news broadcasters and publishers with fewer than 1,500 full-time workers to jointly negotiate ad rates — many of which face financial struggles. One […]
OpenAI has taken ChatGPT offline in Italy after the government’s Data Protection Authority on Friday temporarily banned the chatbot and launched a probe over the artificial intelligence application’s suspected breach of privacy rules. The agency, also known as Garante, accused Microsoft-backed OpenAI of failing to check the age of ChatGPT’s users who are supposed to […]