Top global regulator warns of ‘massive adjustment’ for financial system

Top global regulator warns of ‘massive adjustment’ for financial system

[ad_1] Press play to listen to this article Voiced by artificial intelligence. AMSTERDAM — The world’s financial system needs a “massive adjustment” to cope with higher interest rates, and key rules will have to be revisited, according to a top global regulator. Klaas Knot, chair of the Financial Stability Board, an international standard-setting body, told … Read more

Activision and Microsoft to appeal after CMA blocks takeover

Activision and Microsoft to appeal after CMA blocks takeover

[ad_1] Activision has said it will “work aggressively” with Microsoft to overturn the U.K. competition regulator’s decision to block Microsoft’s proposed takeover of the game developer. Microsoft and Activision were confident of approval after agreeing remedies to address concerns raised by the Competition and Markets Authority (CMA). But the CMA said on Wednesday that the … Read more

Ukraine’s bumper grain exports rile allies in eastern EU

Ukraine’s bumper grain exports rile allies in eastern EU

[ad_1] Press play to listen to this article Voiced by artificial intelligence. Ukraine’s farmers played an iconic role in the first weeks of Russia’s invasion, towing away abandoned enemy tanks with their tractors. Now, though, their prodigious grain output is causing some of Ukraine’s staunchest allies to waver, as disrupted shipments are redirected onto neighboring … Read more

Biden’s Northern Ireland ultimatum looks doomed to fail

Biden’s Northern Ireland ultimatum looks doomed to fail

[ad_1] Press play to listen to this article Voiced by artificial intelligence. LONDON — Joe Biden is not someone known for his subtlety. His gaffe-prone nature — which saw him last week confuse the New Zealand rugby team with British forces from the Irish War of Independence — leaves little in the way of nuance. But … Read more

India among top three markets for AI-powered Bing preview: Microsoft official

India among top three markets for AI-powered Bing preview: Microsoft official

[ad_1] Washington: India has emerged as one of the top three markets for Microsoft’s new Bing preview, which has ChatGPT incorporated into it, and is its biggest image creator market, a senior company official has said, asserting that the search engine is much better than its rival Google. Powered by ChatGPT, Microsoft launched the new … Read more

The tension at the heart of the ECB

The tension at the heart of the ECB

[ad_1] Press play to listen to this article Voiced by artificial intelligence. FRANKFURT ― The markets are jittery and inflation still needs taming. Coming together, those two things put the European Central Bank in a real bind. Fight one fire and it could cause the other to flare. The ECB can keep raising interest rates … Read more

Why China wants Macron to drive a wedge between Europe and America

Why China wants Macron to drive a wedge between Europe and America

[ad_1] Press play to listen to this article Voiced by artificial intelligence. Chinese leader Xi Jinping had one overriding message for his visiting French counterpart Emmanuel Macron this week: Don’t let Europe get sucked into playing America’s game. Beijing is eager to avoid the EU falling further under U.S. influence, at a time when the … Read more

Parliamentary panel calls for body to regulate digital markets

Parliamentary panel calls for body to regulate digital markets

[ad_1] New Delhi: Rajya Sabha’s standing committee on commerce, in a recent report on regulation of e-commerce, has recommended a “Digital Market Division” within the Competition Commission of India (CCI) be created as an expert division, specifically tasked with regulation of digital markets. In its report, which was recently presented in Parliament, the panel has … Read more

Markets Down By 70%, Traders Say

Markets Down By 70%, Traders Say

[ad_1] SRINAGAR: The traders from the heart of Srinagar city have appealed to concerned authorities to expedite action on the construction work undergoing in every nook and cranny of Srinagar city under the Smart City Project. All trade leaders confirmed to the news agency Kashmir News Trust that they are on the verge of closing … Read more

Britain secures agreement to join Indo-Pacific trade bloc

Britain secures agreement to join Indo-Pacific trade bloc

[ad_1] Press play to listen to this article Voiced by artificial intelligence. LONDON — Britain will be welcomed into an Indo-Pacific trade bloc late Thursday as ministers from the soon-to-be 12-nation trade pact meet in a virtual ceremony across multiple time zones. Chief negotiators and senior officials from member countries agreed Wednesday that Britain has … Read more