NEWS 1

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

Leave a Comment / investment / By

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 …

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

Uganda introduces a harsh anti-LGBTQ law, including the death penalty

Leave a Comment / news / By

The law punishes “aggravated homosexuality” with death. Widespread condemnation from the West LGBTQ activists vow to go to court KAMPALA, May 29 (Reuters) – Ugandan President Yoweri Museveni signed one of the world’s toughest anti-LGBTQ laws, including the death penalty for “aggravated homosexuality,” in defiance of Western condemnation and potential donor sanctions. Same-sex relationships were …

Uganda introduces a harsh anti-LGBTQ law, including the death penalty Read More »

Analysis: Investment banking blunders shake up jobs in Europe

Leave a Comment / investment / By

[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 …

Analysis: Investment banking blunders shake up jobs in Europe Read More »

US Supreme Court leaves protections for Internet companies intact

Leave a Comment / news / By

[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 …

US Supreme Court leaves protections for Internet companies intact Read More »

US Supreme Court upholds Illinois assault weapons ban

Leave a Comment / news / By

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 …

US Supreme Court upholds Illinois assault weapons ban Read More »

China’s domestic travel recovery marred by anti-spending ‘special forces’

Leave a Comment / Travel / By

SHANGHAI, May 18 (Reuters) – When student Cai Jishan decided to spend her Labor Day holiday in northern China, she wished she had enough money to rent a car for the more than 4,000 km (2,500 miles) round trip – the equivalent of driving from New York to Los Angeles. Instead, she opted to “travel …

China’s domestic travel recovery marred by anti-spending ‘special forces’ Read More »

Deletion of Credit Suisse bonds will not result in the payment of credit insurance

Leave a Comment / INSURANCE / By

LONDON, May 17 (Reuters) – Holders of Credit Suisse ( CSGN.S ) bond-linked credit insurance will not receive a payout after a commission that rules on disputes in the derivatives market said on Wednesday that the state merger of the bank with UBS is not a credit event. The Swiss bank was in March absorbed …

Deletion of Credit Suisse bonds will not result in the payment of credit insurance Read More »

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

Leave a Comment / news / By

[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 …

A US appeals court will decide the fate of the abortion pill Read More »

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

Leave a Comment / Technology / By

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 …

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

Exclusive: G7 summit statement to target China’s ‘economic coercion’

Leave a Comment / news / By

WASHINGTON, May 12 (Reuters) – Leaders of the Group of Seven (G7) countries are poised to discuss concerns about China’s use of “economic coercion” in its overseas dealings as part of their larger joint statement next week , according to a US official familiar with the discussions. The statement, likely to be part of an …

Exclusive: G7 summit statement to target China’s ‘economic coercion’ Read More »