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☆ AI defined 2023. Bullets and ballots will shape 2024
▼ + stars: | 2023-12-04 | by ( Simon Robinson | ) www.reuters.com time to read: +4 min

In that spirit, I asked OpenAI’s ChatGPT and Google’s Bard – two of the most popular generative AI tools – to do the job for me. It missed the war between Hamas and Israel. In 2024, expect more progress and more news on regulators scrambling to keep up. Next year will also be defined by bullets and ballots. Like many newsrooms, Reuters is experimenting with how AI can help us package, produce and deliver our journalism.

Persons: OpenAI’s ChatGPT, Bard –, ChatGPT, “, ”, Bard, –, Donald Trump, Narendra Modi, machismo, Claudia Sheinbaum, Vladimir Putin, Joseph Stalin’s, What’s, Taylor, Edward Tobin Organizations: United Nations, Gaza Health Ministry, Brussels –, Ukraine –, Washington, U.S, Mexico City, Reuters, Thomson Locations: Russia, Ukraine, Israel, Gaza, Ukrainian, Ukraine’s, Washington, Brussels, Moscow, Kyiv, Beijing, Taiwan, U.S, India, Mexico, United States

ICBC Financial Services could not be reached for comment. It said it had cleared Treasury trades executed on Wednesday and repo financing trades done on Thursday. While market participants and officials have said the impact of the ICBC hack on Treasury market functioning was limited, the full extent of it is not yet understood. The hack is likely to become a key topic of conversation at a major Treasury market conference on Nov. 16. ICBC told market participants Friday that they were also hoping to have a secondary email system set up soon.

Persons: Kim Kyung, BNY Mellon, ICBC, Moxfive, Darrell Duffie, Duffie, BNY, SIFMA, Paritosh, Edward Tobin Organizations: Industrial, Commercial Bank of China, REUTERS, Commercial Bank of China's, Treasury, ICBC Financial Services, Reuters, ICBC, Securities, Exchange, Stanford, ICBC Financial, Treasuries, Thomson Locations: Beijing, China, Commercial Bank of China's U.S, New York, Wall

☆ In the Market: Inside Wall Street's scramble after ICBC hack
▼ + stars: | 2023-11-13 | by ( Paritosh Bansal | Thomson Reuters | Paritosh Oversees The Work Of More Than Journalists Across The Globe Who Write About Finance | ) www.reuters.com time to read: +7 min

It said it had cleared Treasury trades executed on Wednesday and repo financing trades done on Thursday. While market participants and officials have said the impact of the ICBC hack on Treasury market functioning was limited, the full extent of it is not yet understood. Nevertheless, market participants said the attack is likely to add a new aspect to the regulatory review, as it brings cyber threats into sharper focus. The hack is likely to become a key topic of conversation at a major Treasury market conference on Nov. 16. ICBC told market participants Friday that they were also hoping to have a secondary email system set up soon.

NEW YORK, Nov 8 (Reuters) - Bank of America (BAC.N) CEO Brian Moynihan said on Wednesday he expects a soft landing in which the U.S. economy avoids a recession even as consumer spending and commercial borrowing slow. "Our research team is the best in the business and they have moved to the soft landing category. They have a slowdown in the economy in the middle of next year," Moynihan said in a wide-ranging interview at the Reuters NEXT conference. For months, Moynihan has cited healthy consumer finances and spending as indications that the U.S. economy could avoid recession. In the so-called soft landing scenario, economic growth slows, but remains positive.

Persons: Brian Moynihan, Moynihan, Lananh Nguyen, Brendan McDermid, Morgan Stanley, James Gorman, Ted Pick, Tatiana Bautzer, Chizu Nomiyama, David Gregorio, Edward Tobin Organizations: Bank of America, Reuters NEXT, Reserve, Federal, Reuters, REUTERS, Bank of, Wall, reuters, Thomson Locations: U.S, New York City , New York

☆ Israeli Military Says It Can't Guarantee Journalists' Safety in Gaza
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

(Reuters) - Israel's military has told international news organisations Reuters and Agence France Presse that it cannot guarantee the safety of their journalists operating in the Gaza Strip, under Israeli bombardment and siege for almost three weeks. "The IDF is targeting all Hamas military activity throughout Gaza," the IDF letter said, adding that Hamas deliberately put military operations "in the vicinity of journalists and civilians". "Under these circumstances, we cannot guarantee your employees' safety, and strongly urge you to take all necessary measures for their safety," the IDF letter concluded. Hamas did not immediately comment when asked about the IDF’s allegation that it put military operations near where journalists in Gaza are known to be based. Reuters and AFP said they were very concerned about the safety of journalists in Gaza.

Persons: Phil Chetwynd, Chetwynd, Mark Bendeich, Edward Tobin Organizations: Reuters, Agence France Presse, Hamas, Israel Defense Forces, AFP, IDF, Israel, AFP Global, Protect Journalists Locations: Gaza, Palestinian, Israel, Lebanon

☆ Israeli military says it can't guarantee journalists' safety in Gaza
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +3 min

Smoke is rising after an Israeli strike on Gaza seen from a viewpoint in Southern Israel October 24, 2023. "The IDF is targeting all Hamas military activity throughout Gaza," the IDF letter said, adding that Hamas deliberately put military operations "in the vicinity of journalists and civilians". "Under these circumstances, we cannot guarantee your employees' safety, and strongly urge you to take all necessary measures for their safety," the IDF letter concluded. Reuters and AFP said they were very concerned about the safety of journalists in Gaza. The Committee to Protect Journalists says at least 27 journalists have been killed since the war began, mostly in Gaza but also in Israel and southern Lebanon.

Persons: Violeta Santos Moura, Phil Chetwynd, Chetwynd, Reuters videographer, Mark Bendeich, Edward Tobin Organizations: REUTERS, Reuters, Agence France Presse, Hamas, Israel Defense Forces, AFP, IDF, Israel, AFP Global, Protect Journalists, Thomson Locations: Gaza, Southern Israel, Palestinian, Israel, Lebanon

☆ Reuters journalist testifies to Brazil's Congress in capital riots probe
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +4 min

Brazil’s Congress opened an inquiry into the matter, which will eventually produce a written report and may suggest that prosecutors bring criminal charges. The committee has called former Bolsonaro aides to testify about an alleged conspiracy to overturn electoral results which they have denied. Opposition lawmakers have sought to turn up evidence that the government was to blame for the rioting because it failed to provide adequate security in the capital. Some opposition lawmakers have focused on a portion of security footage showing him taking pictures to suggest the scenes were staged. “We’re here today at an anti-climax, listening to a working journalist who was taking photographs,” said pro-government lawmaker Rogerio Correia.

Persons: Jair Bolsonaro, Luiz Inacio Lula da Silva, Adriano Machado, Machado, ” Machado, ”, Alexandre Ramagem, “, Rogerio Correia, you’re, Edward Tobin Organizations: REUTERS, Brazil’s, Reuters News, ” Reuters, Thomson Locations: Brasilia, Brazil, Jan, Brazilian

REUTERS/Elizabeth FrantzWASHINGTON, April 11 (Reuters) - The top defense and diplomatic officials from the United States and Philippines agreed on Tuesday to complete a road map in coming months to cover the delivery of U.S. defense assistance to the Philippines over the next five to 10 years. Experts say the United States sees the Philippines as a potential location for rockets, missiles and artillery systems to counter a Chinese amphibious invasion of Taiwan, which China claims as its own. Austin said that it was "too early" to discuss what assets the United States would like to station at Philippine military bases under a recently expanded Enhanced Defense Cooperation Agreement (EDCA). The joint statement said the United States expects to boost its allocated spending for EDCA sites to over $100 million by the end of 2023, against a previously announced $80 million. U.S.-Philippines relations have warmed considerably under Philippines President Ferdinand Marcos Jr, and the 2+2 meeting underlined that as the first of its kind in seven years.

March 30 (Reuters) - Walmart Inc (WMT.N) was sued on Thursday by the U.S. Equal Employment Opportunity Commission (EEOC), the agency's second lawsuit this week accusing the largest U.S. retailer of discrimination against workers with disabilities. The lawsuit was filed three days after the EEOC sued Walmart for firing Adrian Tucker, a deli worker in a Statesville, North Carolina store, because she had too many "unauthorized" absences related to her Crohn's disease, an inflammatory bowel condition. Both lawsuits accused Walmart of violating the Americans with Disabilities Act, and sought back pay and punitive damages. The case is EEOC v Wal-Mart Stores East LP, U.S. District Court, Eastern District of North Carolina, No.

☆ Exclusive: Some Credit Suisse counterparties curb dealings as bank heads into scenario meetings -sources
▼ + stars: | 2023-03-17 | by ( Shankar Ramakrishnan Stefania Spezzati Sumeet Chatterjee | Shankar Ramakrishnan | Stefania Spezzati | ) www.reuters.com time to read: +5 min

Credit Suisse declined to comment. Credit Suisse intends to borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank in what it called "decisive action" to boost its liquidity on Thursday. The five people with direct knowledge of the bank's trading counterparties requested anonymity because of the sensitivity of the situation. Credit Suisse has said that it is a strong, global bank. Among possible scenarios, analysts, bankers and investors speculate that Credit Suisse could sell or wind down some of its existing businesses with a break-up potentially on the cards.

☆ Exclusive: Some Credit Suisse counterparties put curbs on new dealings involving lender -sources
▼ + stars: | 2023-03-17 | by ( Shankar Ramakrishnan Stefania Spezzati Sumeet Chatterjee | Shankar Ramakrishnan | Stefania Spezzati | ) www.reuters.com time to read: +4 min

[1/3] The logo of Societe Generale bank is pictured on an office building in Nantes, France, March 16, 2023. Credit Suisse declined to comment. These five people with direct knowledge of the matter requested anonymity because of the sensitivity of the situation. Societe Generale has maintained existing counterparty positions with Credit Suisse, which it had cut back in recent weeks, but it is not increasing them, according to two sources with direct knowledge of the situation. Another global bank has reduced its unsecured exposure to Credit Suisse, which includes all lending with no collateral, according to a person with knowledge of the matter.

March 16 (Reuters) - Credit Suisse Group AG's (CSGN.S) average liquidity coverage ratio, a measure of how much cash-like assets the bank has, did not change between March 8 and March 14, the Swiss lender said on Thursday, despite the global banking crisis. The bank said in an earlier press release on March 16 that the 150% LCR value was as of March 14. Credit Suisse for months has been battling to regain the trust of clients and investors after a series of scandals and losses in recent years. By tapping the central bank for funds, the bank will be adding to liquidity if needed. A firm is viable when it generates sufficient income to stay in business and meets its obligations including payments and debt commitments.

TORONTO, March 13 (Reuters) - Last week's sudden collapse of Silicon Valley Bank (SVB) could choke funding for Canada's technology start-ups and place them in the hands of domestic lenders who may be more selective in financing new ventures, financiers told Reuters. Companies including Shopify Inc (SHOP.TO) were examples of Canada's tech success story, which helped pull more investments into the sector. Benjamin Bergen, president at Council of Canadian Innovators, a lobby group for Canadian technology companies, agreed. "Before SVB went down, accessing capital was increasingly becoming tighter and tighter for Canadians for startups for scale ups," he said. Aside from the banks, the federal government also has a Venture Capital Catalyst Initiative program that invests in promising Canadian technology companies.

☆ Explainer: What caused Silicon Valley Bank's failure?
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

Here is the sequence of events that led to Silicon Valley Bank's failure:FEDERAL RESERVE RAISES RATESThe Federal Reserve has been raising interest rates from their record-low levels since last year in its bid to fight inflation. This weighed on technology startups - the primary clients of Silicon Valley Bank - because it made their investors more risk-averse. SOME SILICON VALLEY BANK CLIENTS FACE CASH CRUNCHAs higher interest rates caused the market for initial public offerings to shut down for many startups and made private fundraising more costly, some Silicon Valley Bank clients started pulling money out to meet their liquidity needs. This culminated in Silicon Valley Bank looking for ways this week to meet its customers' withdrawals. SILICON VALLEY BANK SELLS BOND PORTFOLIO AT A LOSSTo fund the redemptions, Silicon Valley Bank sold on Wednesday a $21 billion bond portfolio consisting mostly of U.S. Treasuries.

The company will be a preferred long-term partner for Credit Suisse, the bank has said. Credit Suisse declined to comment beyond Lehmann's remarks Oct. 27 when the bank unveiled the restructuring. The investment bank spin-off and the sale of the securitized products unit to Apollo are key planks of the reorganization. Klein, a 59-year-old former Citigroup rainmaker who runs advisory boutique M. Klein & Co, has been a Credit Suisse board member since 2018. Klein and Credit Suisse also have discussed combining M. Klein & Co into CS First Boston, according to one source familiar with the discussions.

☆ Wall Street rally throws spotlight on reports from Tesla, Netflix
▼ + stars: | 2022-10-18 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

Monday's major rally on Wall Street was just the latest in an unusually volatile year. Shares of Tesla jumped 7%, with the electric vehicle maker's report late on Wednesday set to be one of this week's main attractions. Wall Street's most heavily traded stock, Tesla has tumbled over 17% since Oct. 2, when it disclosed third-quarter vehicle deliveries that missed estimates as logistical challenges overshadowed its record deliveries. Analysts worried about a deteriorating global economy have slashed their quarterly earnings outlooks. Netflix reports on Tuesday, with analysts expecting revenue to grow just 5% year/year, its lowest quarterly increase ever, according to Refinitiv.

"Either Twitter is going to fix this, or we'll fix it by any means we can, which includes not buying Twitter ads." Twitter's challenges in identifying child abuse content were first reported in an investigation by tech news site The Verge in late August. Like all social media platforms, Twitter bans depictions of child sexual exploitation, which are illegal in most countries. Ghost Data identified the more than 500 accounts that openly shared or requested child sexual abuse material over a 20-day period this month. Twitter suspended over 1 million accounts last year for child exploitation material, according to the company's transparency reports.

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