Finish of easy-cash period goes to harm

LONDON, Feb 1 (Reuters) – (This Feb. 1 story has been corrected to repair the identify of CIO within the “Going Personal” part to Nicoll from Nicole) The tip of the easy-cash period is over and its impression but to be felt on world markets, hopeful that the ache of aggressive price hikes and excessive … Read more

Norway wealth fund posts document $164 bln loss

Loss in 2022 exceeds earlier document from 2008 Inflation, geopolitical tensions stay threat elements Document influx of cash from oil and gasoline trade OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of many world’s largest buyers, posted a document lack of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an finish a three-year … Read more

China’s Baidu to launch ChatGPT-style bot in March – supply

BEIJING, Jan 30 (Reuters) – Chinese language web search main Baidu Inc (9888.HK) is planning to launch a synthetic intelligence (AI) chatbot service much like OpenAI’s ChatGPT in March, an individual accustomed to the matter advised Reuters. The expertise agency plans to launch the service as a standalone software and step by step merge it … Read more

Google makes modifications to Android in India after antitrust setbacks

Google makes modifications to how Android promoted in India Transfer comes after India antitrust physique rulings, courtroom setbacks India key marketplace for Android Google says will proceed to enchantment Android order NEW DELHI, Jan 25 (Reuters) – Google mentioned on Wednesday it would enable machine makers in India to license its particular person apps for … Read more

Spotify to trim 6% of workforce in newest tech layoffs

Jan 23 (Reuters) – Spotify Know-how SA (SPOT.N) stated on Monday it plans to chop 6% of its workforce and would take a associated cost of as much as practically $50 million, including to the large layoffs within the expertise sector in preparation for a attainable recession. The tech trade is going through a requirement … Read more

Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

Jan 20 (Reuters) – Google’s father or mother Alphabet Inc (GOOGL.O) is reducing about 12,000 jobs because it faces “a distinct financial actuality”, it mentioned in a employees memo, doubling down on synthetic intelligence (AI) and axing employees who assist experimental tasks. The job cuts have an effect on 6% of its workforce, and follows … Read more

Google alleges India antitrust physique copied elements of EU order on Android abuse

India antitrust rulings newest setback for Google in key market Google desires Indian antitrust choices to be quashed Indian watchdog copied elements of EU order, Google alleges Google says its conduct is just not anti-competitive – submitting NEW DELHI, Jan 3 (Reuters) – Google has informed a tribunal in India that the nation’s antitrust investigators … Read more

U.S. shares fall on recession fears, weak oil costs

Tesla pares positive factors in uneven commerce Southwest Airways slips on authorities scrutiny Indexes down: Dow 0.67%, S&P 500 0.78%, Nasdaq 0.99% Dec 28 (Reuters) – Wall Avenue’s major indexes fell on Wednesday, giving up modest preliminary positive factors, on rising concern a few recession in 2023 and surging COVID-19 circumstances in China, the world’s … Read more

Chinese language companies avert delisting as U.S. audit watchdog will get full inspection entry

NEW YORK/HONG KONG/WASHINGTON, Dec 15 (Reuters) – The U.S. accounting watchdog on Thursday stated it has full entry to examine and examine companies in China for the primary time ever, eradicating the chance that round 200 Chinese language firms might be kicked off U.S. inventory exchanges. The assertion from the Public Firm Accounting Oversight Board … Read more

Microsoft invests $2 billion in London Inventory Change cloud deal

LONDON, Dec 12 (Reuters) – Microsoft (MSFT.O) will purchase a 4% stake price $2 billion within the London Inventory Change Group (LSEG.L), within the newest signal of blurring boundaries between Large Tech and monetary corporations which have raised some issues amongst regulators. LSEG stated on Monday the deal would carry a “significant” upside to revenues … Read more