Month: April 2022
Meta’s A.I. exodus: Top talent quits as the lab tries to keep pace with rivals
Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse. Facebook | via Reuters Facebook parent Meta has lost some of its top artificial intelligence scientists this year as the company continues its pivot toward the metaverse. At least four prominent members of Meta […]
Read More
Solomon Islands says security deal with China won’t include military base
Smoke rises from the Chinatown district of Honiara last November. Riots struck the country after Solomon Islands Prime Minister Sogavare severed diplomatic relations with Taiwan in favor of China. Charley Piringi | AFP | Getty Images Seeking to counter international fears over its new security alliance with China, the Solomon Islands said Friday it won’t […]
Read More
There are signs a recession could be on the way. Here are some ways to protect your savings
An inversion in Treasury yields has stoked investor concerns that a recession might be on the horizon, but strategists say there are steps you can take now to protect your savings. Morsa Images | E+ | Getty Images With a historical indicator of recessions flashing red this week, financial experts have shared their top tips […]
Read More
European stocks set for muted open to start second quarter; Russia-Ukraine in focus
LONDON — European markets are set for a cautious start to the second quarter on Friday, with talks between Russia and Ukraine continuing to guide investor sentiment. Britain’s FTSE 100 is seen around 4 points lower at 7,512, Germany’s DAX is expected to shed around 15 points to 14,400 and France’s CAC 40 is set […]
Read More
Citi raises its forecast for China’s GDP growth, bringing it closer to the official target
Real estate and related sectors account for at least 25% of China’s economy, according to Moody’s. Costfoto | Future Publishing | Getty Images BEIJING — China’s economy faces so much new pressure from Covid that Beijing may increase stimulus — boosting overall growth, Citi said Thursday. “Given the strong start of the year and the […]
Read More
Here’s how China’s latest Covid lockdowns have affected American businesses in the country
The metropolis of Shanghai, where many foreign businesses are located, entered a two-part lockdown this week as municipal authorities sought to control an outbreak in China’s worst Covid wave in two years. Hector Retamal | Afp | Getty Images BEIJING — China’s worst Covid wave since the initial shock of the pandemic has cut into […]
Read More
Too early for ‘solid predictions’ but we’re optimistic on tourism recovery: Singapore tourism agency
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box Asia Keith Tan, chief executive of the Singapore Tourism Board, discusses the country’s eased travel restrictions and border reopening. 02:25 an hour ago Source
Read More
India tries to pry Sri Lanka loose from China’s embrace
This image from February 2022 shows Subrahmanyam Jaishankar, Foreign Minister of India, speaking on the second day of the Munich Security Conference. Jaishankar’s visit Colombo on Monday comes as Sri Lanka is in the throes of an economic crisis. Sven Hoppe | picture alliance via Getty Images India’s Foreign Minister Subrahmanyam Jaishankar was in Sri […]
Read More
Pakistan’s embattled Prime Minister Imran Khan is defiant, says he won’t resign
Besieged by the opposition and abandoned by coalition partners, Pakistan’s Prime Minister Imran Khan is battling for his political survival. In this photo from September 2021, Khan speaks in a prerecorded video during the United Nations General Assembly. Michael Nagle | Bloomberg | Getty Images Pakistan’s embattled Prime Minister Imran Khan remained defiant Thursday, telling […]
Read More
Anonymous’ next cyber target: Western companies still doing business in Russia
In addition to Russian entities, Anonymous says it’s now targeting some Western companies. Jakub Porzycki | Nurphoto | Nurphoto | Getty Images The “hacktivist” collective known as Anonymous said it has a new target in its “cyber war” against Russia — Western businesses that are still doing business there. A post on March 21 from […]
Read More