Technology
HSBC hires ex-Citi executive Ida Liu to lead its private bank
[LONDON] HSBC Holdings has hired former Citigroup executive Ida Liu to run its global private banking business, according to people familiar with the matter. Liu replaces Gabriel Castello, who...
Uber teams up with Baidu to start robotaxi trials in UK
Global robotaxi rollouts are accelerating, with Chinese companies and Alphabet’s Waymo leading the charge [HONG KONG] Uber Technologies said that it’s teaming up with Baidu to trial driverless taxis...
Fed’s Hammack signals holding rates steady for months
FEDERAL Reserve Bank of Cleveland president Beth Hammack said she saw no need to change US interest rates for months ahead after the central bank cut borrowing costs at...
TikTok creators welcome deal to keep app in the U.S.
Only a few years ago, Keith Lee was a professional MMA fighter, doing food delivery and making social media videos to ease his social anxiety.On Thursday night, however, Lee...
Oil posts second weekly decline as glut concerns dominate
OIL declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply. West Texas Intermediate gained 0.9 per cent to settle above US$56 a barrel...
Why is Trump’s media company getting involved with nuclear power?
President Trump’s media company is merging with a nuclear fusion energy firm in a $6-billion deal aimed at generating more power amid growing demand from power-hungry artificial intelligence data...
They graduated from Stanford. Due to AI, they can’t find a job
A Stanford software engineering degree used to be a golden ticket. Artificial intelligence has devalued it to bronze, recent graduates say. The elite students are shocked by the lack...
Toyota to import US-made cars after Trump gripe
JAPANESE car giant Toyota said on Friday it will begin importing three of its US-manufactured models into its home market next year, in an apparent move to placate Donald...
