Control
Citigroup fined US$135.6 million over internal control problems
US BANK regulators fined Citigroup US$136 million for making “insufficient progress” fixing data management issues identified in 2020 and required the bank to demonstrate it was putting enough resources...
China’s central bank takes more control over rates by adding temporary repos
CHINA’S central bank will conduct temporary bond repurchase or reverse repurchase operations in the afternoon, in addition to its traditional morning operations, tightening its control over short-term interest rates.The...
Jollibee Foods to take control of South Korea’s Compose Coffee in US$340 million deal
PHILIPPINE fast-food firm Jollibee Foods will acquire a majority stake in privately held Compose Coffee, a South Korean coffee chain, as part of a deal valuing the target at...
French tech group Atos reaches restructuring deal giving creditors control
ATOS’ creditors reached an agreement with the company that will see them take control of the embattled French IT services company instead of an outside investor.
Bondholders and lenders have...
Nvidia and AMD square off in fight to take control of AI
NVIDIA and Advanced Micro Devices’s (AMD) chiefs showcased new generations of the chips powering the global boom in artificial intelligence (AI) development, deepening a rivalry that’s shaping the future...
Apple plans AI-based Siri overhaul to control individual app functions
APPLE is planning to overhaul its Siri virtual assistant with more advanced artificial intelligence (AI), a move that will let users control individual app functions with their voice, according...
New law increases control of ownership, management of critical transport firms in Singapore
SINGAPORE will get more control of designated critical entities across air, land and sea transport, under a new law passed by Parliament on Wednesday (May 8). The Transport Sector...
Cargo Ship Sent ‘Mayday’ Warning After It ‘Lost Control and Propulsion’ Before Colliding With Baltimore’s Francis Scott Key Bridge [WATCH]
The container ship Dali that collided with the Francis Scott Key Bridge in Baltimore sent a "mayday" warning signal indicating a loss of power before the crash, officials said...
Cargo Ship Dali That Collided with Scott Key Bridge Was Being Navigated by Local Crew Trained to Avoid Obstacles at Baltimore Port but ‘Lost Control’
The cargo ship that collided with the Scott Key Bridge in Baltimore overnight was being piloted by a specialized crew trained to navigate ports without incident, it has been...
