Technology
Europe: Shares gain as cool US data bolsters Fed rate cut hopes
EUROPEAN shares advanced on Wednesday, with rate-sensitive sectors like real-estate jumping after a cool US inflation reading propped up hopes that the Federal Reserve could kick-off its policy easing cycle...
Stablecoin issuer Paxos cuts 20% of workforce
STABLECOIN issuer Paxos has cut its workforce by about 20 per cent, or 65 people, according to an e-mail obtained by Bloomberg.The job cuts, first reported by The Block,...
Elon Musk blasts Apple’s OpenAI deal over alleged privacy issues. Does he have a point?
When Apple holds its annual Worldwide Developers Conference, its software announcements typically elicit cheers and excitement from tech enthusiasts.But there was one notable exception this year — Elon Musk....
Thousands of Amazon Flex drivers file for arbitration over contractor status
THOUSANDS of Amazon.com Flex drivers classified as contractors filed arbitration claims on Tuesday (Jun 12), their lawyer told Reuters, saying they should be treated as full employees.
About 15,800 drivers...
What you should know about the newest Alzheimer’s drugs
While humans are living longer – a child born in 2021 on average could expect to live to 71 – we have not figured out how to beat one...
US dollar drops on softer-than-expected May inflation
The US dollar tumbled on Wednesday (Jun 12) after data showed that consumer prices in May rose less than economists expected, adding to bets that the Federal Reserve may...
JPMorgan M&A head in South-east Asia Johannes Roth leaves to join Citi
JPMorgan Chase’s head of mergers and acquisitions (M&A) for South-east Asia, Johannes Roth, has left to join Citigroup, according to people with knowledge of the matter.Roth tendered his resignation...
Tragic Loss: Enchanting, Former Gucci Mane Artist, Dies at 26 from Withdrawals and Fentanyl Overdose
Enchanting, a 26-year-old former artist of Gucci Mane's 1017 Records, has tragically passed away. Radric Delantic Davis, known as Gucci Mane, announced her death on social media on Tuesday,...
