INTENT

Singapore’s Temasek cuts staff compensation after failed investment in FTX

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No misconduct on the part of Temasek’s investment team The team, senior management took “collective responsibility” Temasek did not provide details on the amount of the reduced compensation May 29 (Reuters) – Singapore’s Temasek Holdings ( TEM.UL ) said it has cut compensation for the team that recommended investing in now-bankrupt cryptocurrency exchange FTX and …

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Insurers flee climate alliance after US ESG backlash

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[1/2] The Kronebreen glacier and its crevasses are seen as the sun sets near Ny-Aalesund, Svalbard, Norway, April 10, 2023. REUTERS/Lisi Niesner NZIA chairman AXA, Allianz and SCOR leave union The group, convened by the United Nations, calls the future Some US Republicans have accused the NZIA of antitrust violations LONDON/FRANKFURT, May 25 (Reuters) – …

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NASA spacecraft documents how Jupiter’s lightning resembles Earth’s

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WASHINGTON, May 24 (Reuters) – Hidden beneath the brownish ammonia clouds covering Jupiter are clouds that, like Earth, are made of water. And as on Earth, lightning is often generated in these clouds, an eerie sight observed by various spacecraft that have visited our solar system’s largest planet, including NASA’s Juno probe. The data obtained …

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Explained: How could the US debt ceiling hit ordinary Americans?

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WASHINGTON, May 23 (Reuters) – What could happen on Main Street if Washington’s political battle over the debt ceiling prevents the government from cutting the checks that fund a quarter of the economy? Americans could quickly see painful hits to their retirement accounts as stock markets tumbled and within days, a lack of federal payments …

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Analysis: Investment banking blunders shake up jobs in Europe

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[1/2] Credit Suisse’s logo is displayed on a building near the Hallenstadion, where the annual general meeting was held, two weeks after it was bought by rival UBS in a government-brokered rescue operation, in… Read more Competing banks are chasing an unexpected chance to hire top talent Unsettled by the crisis, bankers seeking greater job …

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US Supreme Court leaves protections for Internet companies intact

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[1/5] Visitors take photos outside the U.S. Supreme Court, where written opinions are expected to be issued today in pending, argued cases, in Washington, U.S., May 18, 2023. REUTERS/Kevin Lamarck May 18 (Reuters) – The U.S. Supreme Court handed two victories to the internet and social media on Thursday, leaving legal protections for them intact …

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US Supreme Court upholds Illinois assault weapons ban

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May 17 (Reuters) – The U.S. Supreme Court on Wednesday upheld a Democratic-backed ban on assault rifles and high-capacity magazines enacted in Illinois after a deadly mass shooting in the Chicago suburb of Highland Park in 2022, dealing a setback to arms rights defenders. The court denied a request by the National Gun Rights Association …

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A US appeals court will decide the fate of the abortion pill

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[1/2] A patient prepares to receive mifepristone, the first drug in medical abortion, at the Alamo Women’s Clinic in Carbondale, Illinois, U.S., April 20, 2023. REUTERS/Evelyn Hockstein/File Photo May 17 (Reuters) – A federal appeals court in New Orleans will hear arguments on Wednesday in a closely watched lawsuit brought by anti-abortion activists seeking to …

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AI threatens the future of humanity, say 61% of Americans – Reuters/Ipsos

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May 17 (Reuters) – The rapid growth of artificial intelligence technology could put the future of humanity at risk, according to a majority of Americans polled in a Reuters/Ipsos poll released on Wednesday. More than two-thirds of Americans are concerned about the negative effects of AI, and 61% believe it could threaten civilization. Since OpenAI’s …

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