Heads of failed banks questioned on executive pay, how they handled risk at Senate hearing
Executives from two large U.S. banks that failed dramatically in March are appearing in front of the Senate Banking Committee on Tuesday to respond to questions about why their banks went under and what regulators could have done to avoid the calamities
2023-05-16 23:50
ChatGPT's chief testifies before Congress as concerns grow about artificial intelligence risks
The head of the artificial intelligence company that makes ChatGPT is testifying before Congress as lawmakers call for new rules to guide the rapid development of AI technology
2023-05-16 22:54
EU countries adopt law banning products which fuel deforestation
The 27 European Union countries have formally endorsed a law that should help the bloc reduce its contribution to global deforestation by regulating the trade in a series of goods
2023-05-16 22:50
SEC Urges Judge to Reject Coinbase Demand for Explanation
The US Securities and Exchange Commission asked a judge to deny Coinbase Global Inc.’s request to compel the
2023-05-16 21:51
US skips UN Nakba event marking dispossession of Palestinians after Israeli campaign
The event, the first of its kind to be held by the UN, commemorated the Nakba or "catastrophe" -- when roughly 700,000 Palestinians fled or were expelled from their homes in what is now Israel.
2023-05-16 21:29
US retail sales miss expectations, but core sales strong
WASHINGTON U.S. retail sales increased less than expected in April, but the underlying trend was solid, suggesting that
2023-05-16 20:59
Retail sales up 0.4% in April from March, buoyed by solid job market, easing inflationary pressures
Consumers picked up their spending in April from March, buoyed by a solid job market and easing inflationary pressures
2023-05-16 20:54
Lebanese central bank governor no-show in Paris corruption probe
Lebanon’s embattled central bank governor has failed to appear before French prosecutors in Paris, questioning him in the ongoing European money-laundering and illicit enrichment probe
2023-05-16 20:53
San Francisco security guard will not be charged in fatal shooting of suspected Walgreens shoplifter
Prosecutors will not press charges against a security guard who shot and killed Banko Brown, who was suspected of shoplifting at a Walgreens in downtown San Francisco last month, the district attorney's office announced Monday.
2023-05-16 20:47
Dresden jewel theft: Five men convicted of audacious 2019 heist
In 2019 the gang broke into a museum in Dresden and stole treasures worth €113 million (£98m).
2023-05-16 20:28
Union for Canada's second biggest airline says pilots issue 72-hour strike notice
The union for Canada’s second biggest airline have issued a 72-hour strike notice to WestJet and they warn the airline could be shut down before the weekend
2023-05-16 20:15
South Africa Unemployment Rate Rose for First Time in Over a Year
South Africa’s unemployment rate rose for the first time in more than a year as more people started
2023-05-16 19:59