DIRS.INFO The most relevant business & tech news

June 26 (Reuters) - Canadian private equity firm Brookfield's reinsurance arm is nearing a deal to buy insurer American Equity Life Holding (AEL.N), a person familiar with the matter told Reuters on Monday. Brookfield has made a cash-and-stock offer that is set to be recommended by the American Equity board, the person said, requesting anonymity. Iowa-based American Equity last year had rejected a $3.9 billion unsolicited takeover proposal from Prosperity Life and its principal shareholder, activist investor Elliott Investment Management. Brookfield and American Equity did not immediately respond to requests for comment from Reuters. American Equity provides annuities - an insurance contract customers typically buy for a steady income stream after retiring.

Persons: Brookfield, Jaiveer Singh, Maju Samuel, Sriraj Organizations: Reuters, American Equity, Bloomberg, Equity, Prosperity, Elliott Investment Management, Investment, Thomson Locations: Iowa, Brookfield, Bengaluru

☆ China throws its support behind Russia, says Wagner rebellion is 'internal affair'
▼ + stars: | 2023-06-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

China on Sunday described an aborted rebellion by a Russian mercenary force as an "internal affair" and expressed support for the Kremlin's efforts to maintain national stability. "This is Russia's internal affair," said a Chinese foreign ministry's spokesperson in a statement. Separately, China's Foreign Minister Qin Gang and Vice Foreign Minister Ma Zhaoxu met Russia's Deputy Foreign Minister Andrey Rudenko on Sunday. Both sides "highly praised the current state of Russia-China relations," according to a statement from the Russian Foreign Ministry. His troops reportedly took control of the strategic Russian city of Rostov-on-Don before advancing to within 200 kilometers from Moscow on Saturday.

Persons: Qin Gang, Ma Zhaoxu, Andrey Rudenko, Yevgeny Prigozhin, Russia's, Wagner, Prigozhin Organizations: Sunday, China's, Russia's, Russian Foreign Ministry, Wagner Group Locations: China, Russian, Russia, Moscow, Beijing, Ukraine, Rostov

☆ With Resounding Win in Greece, Kyriakos Mitsotakis Tightens Grip on Power
▼ + stars: | 2023-06-25 | by ( Niki Kitsantonis | ) www.nytimes.com time to read: +1 min

Greek voters on Sunday overwhelmingly re-elected the conservative New Democracy party, preliminary results showed, setting the stage for its leader, Kyriakos Mitsotakis, to strengthen his grip on power with an absolute majority and what he called a “strong mandate” for the foreseeable future. With his landslide victory, voters appeared to have overlooked his government’s ties to a series of scandals and embrace his promise of continued economic stability and prosperity. With 91 percent of the votes counted at 9:45 p.m., the party had 40.5 percent, and was poised to win 158 seats in Greece’s 300-member Parliament, far ahead of the opposition Syriza party, which was in second place with 17.8 percent, with 47 seats. The socialist Pasok party took third place, with 12.5 percent, and got 32 seats. In a statement from his party’s headquarters in Athens, the capital, Mr. Mitsotakis described the results as “a strong mandate, to move more quickly along the road of major changes.”

Persons: Kyriakos, Mitsotakis Organizations: Sunday, New Democracy, Pasok Locations: Greece’s, Athens

☆ China throws support behind 'strategic partner' Russia after Wagner insurrection
▼ + stars: | 2023-06-25 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —China has voiced support for Russia after a short-lived insurrection posed the gravest challenge to the 23-year rule of Vladimir Putin, a close partner of Chinese leader Xi Jinping in his push for a new world order and strategic alignment against the US. “As Russia’s friendly neighbor and comprehensive strategic partner of coordination for the new era, China supports Russia in maintaining national stability and achieving development and prosperity,” it said. Russia’s Foreign Ministry said Rudenko also held “scheduled consultations” with China’s Deputy Foreign Minister Ma Zhaoxu. According to the Chinese readout, Ma told Rudenko that under the leadership of Xi and Putin, the mutual political trust and cooperation between China and Russia had grown continuously. Despite its claims of neutrality, China has refused to condemn the invasion and instead provided much-needed diplomatic and economic support for Russia, a position that has alarmed Western nations, especially in Europe.

Persons: Vladimir Putin, Xi Jinping, Wagner, Yevgeny Prigozhin, Putin, ”, Beijing’s, Prigozhin, Andrey Rudenko, Qin Gang, Rudenko, Ma Zhaoxu, Ma, Xi, “, ” Xi, Putin’s, Jin Canrong, Jin, Hu Xijin Organizations: Hong Kong CNN, Russia, US, Foreign Ministry, Kremlin, Ministry, Russian Federation, United, Australia National University’s Taiwan Studies, Renmin University, Global Times Locations: China, Hong Kong, Moscow, Beijing, Russia, Belarus, Russian, Ukraine, Western, Europe, United States, Weibo

[1/2] U.S. President Joe Biden and India's Prime Minister Narendra Modi attend an official state dinner at the White House in Washington, U.S., June 22, 2023. Biden and Modi gathered with CEOs including Apple's (AAPL.O) Tim Cook, Google's (GOOGL.O) Sundar Pichai and Microsoft's (MSFT.O) Satya Nadella. Modi, who has appealed to global companies to "Make in India," will also address business leaders at the Kennedy Center for Performing Arts. Modi praised Gopalan for keeping India "close to her heart" despite the distance to her new home, and called Harris "really inspiring." On Friday evening, Modi will address members of the Indian diaspora, many of whom have turned out at events during the visit to enthusiastically fete him, at times chanting "Modi!

Persons: Joe Biden, Narendra Modi, Elizabeth Frantz WASHINGTON, Modi, Biden, Tim Cook, Sundar Pichai, Satya Nadella, Sam Altman, OpenAI, Sunita Williams, Anand Mahindra, Mukesh Ambani, Farwa Aamer, John Kirby, Kirby, India's, Kamala Harris, Antony Blinken, Harris, Shyamala Gopalan, Gopalan, Steve Holland, Simon Lewis, Jeff Mason, Trevor Hunnicutt, Don Durfee, Grant McCool Organizations: India's, White, REUTERS, Indian, U.S, NASA, Mahindra Group, Reliance Industries, Kennedy Center for Performing Arts, FedEx, MasterCard, Adobe, South China Seas, South, Asia Society Policy Institute, White House, Washington, State Department, Bharatiya Janata Party, BJP, Thomson Locations: Washington , U.S, Washington, China . U.S, India, United States, CHINA, Beijing, China, South, South Asia, New Delhi, Taiwan, Russia, Moscow, Ukraine, American

☆ Indian PM Modi to meet CEOs as Washington visit concludes
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +3 min

[1/2] U.S. President Joe Biden and India's Prime Minister Narendra Modi attend an official state dinner at the White House in Washington, U.S., June 22, 2023. REUTERS/Elizabeth FrantzWASHINGTON, June 23 (Reuters) - Indian Prime Minister Narendra Modi will meet U.S. and Indian business leaders in Washington on Friday, the final day of a state visit marked by pledges of deeper U.S.-India cooperation on areas including space, artificial intelligence and quantum computing. 2 position in the White House, and Secretary of State Antony Blinken. The White House also announced plans to cooperate on quantum computing, scientific research and technological innovation, alongside plans to manufacture weapons in India. On Friday evening, Modi will address members of the Indian diaspora, many of whom have turned out at events during the visit to enthusiastically fete him, at times chanting "Modi!

Persons: Joe Biden, Narendra Modi, Elizabeth Frantz WASHINGTON, Modi, Kamala Harris, Antony Blinken, India's, Biden, Simon Lewis, Don Durfee, Grant McCool Organizations: India's, White, REUTERS, Indian, U.S, State Department, Kennedy Center for Performing Arts, FedEx, MasterCard, Adobe, Tech Mahindra, Congress, Thomson Locations: Washington , U.S, Washington, India, American, Delhi, China, Beijing, Taiwan, Russia, Moscow, Ukraine

☆ Opinion | Why This Economist Wants to Give Every Poor Child $50,000
▼ + stars: | 2023-06-23 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +51 min

What you’ve got to do to get more money from wealth is just let your money go out there and make money on its own. darrick hamiltonYeah, the extent to which our tax code incentivizes wealth and capital growth, it centers on existing wealth and capital growth. $50,000 to the most wealth-poor person seems like a big number, but we need to put that number in context. In other words, wealth begets more wealth, and wealth builds upon itself. ezra kleinI think that’s a great place to end, so I’ll ask our final question.

Persons: ezra klein, we’ve, We’ve, Darrick Hamilton, Biden Sanders, Bernie Sanders, Cory Booker, Ayanna Pressley, darrick hamilton, hamilton, you’re, ezra klein There’s, you’ve, that’s, Thomas Piketty’s, it’s, there’s, ezra klein I’m, —, ezra klein We’ve, Bill Gates, Elon, Ezra, Ira Katznelson, Crow, Bill, hasn’t, who’s, I’ve, they’re, ezra klein Let’s, darrick hamilton Naomi Zewde, wouldn’t, Let’s, darrick hamilton Ezra, darrick hamilton I’m, Arthur Lewis, Natalie Diaz, ” Natalie, ezra klein Darrick Hamilton Organizations: The New School, Biden, Task Force, Marshall, Black, Washington D.C, Federal Government, SEED, Oklahoma, Social, Social Security Locations: Hamilton, United States, Prosperity, America, Europe, Tulsa , Oklahoma, Connecticut, Washington, —, hamilton

☆ The Dangerous Reality of Modi’s India - The New York Times
▼ + stars: | 2023-06-22 | by ( Maya Jasanoff | ) www.nytimes.com time to read: +2 min

The message couldn’t be plainer: In Cold War II with China, the United States wants India on its side. Since Mr. Modi took power in 2014, India’s once-proud claim to being a free democratic society has collapsed on many fronts. Of the 180 nations surveyed in the 2023 World Press Freedom Index, India sits at 161, a scant three places above Russia. The Freedom in the World index has tracked a steady erosion of Indian citizens’ political rights and civil liberties. On the Economist Intelligence Unit’s Democracy Index, India has tumbled squarely into the ranks of “flawed democracies.”

Persons: Narendra Modi, ’, Bill Gates, Gina Raimondo, I’m, Modi, India’s Organizations: Modi —, Economist Intelligence Locations: India, United States, China, Modi’s India, Russia

☆ Boycotts rarely work — but anti-LGBTQ+ backlash is forcing companies into tough choices
▼ + stars: | 2023-06-22 | by ( Stefan Sykes | ) www.cnbc.com time to read: +11 min

For companies like Target and Disney, it is unclear if boycotts will hit sales. The company said it has not changed any policy on decorations and is encouraging stores to celebrate Pride Month. Despite the mounting headlines and sustained criticism of Bud Light, corporate boycotts are "overstated," and those offended by campaigns tied to Pride Month are in the "minority," Ellis said. Bud Light appears to be an outlierIn April, the brewer ran a March Madness promotion with trans influencer Dylan Mulvaney, who shared a customized Bud Light can on Instagram. Justin Sullivan | Getty ImagesIt isn't just Bud Light — brands across the board are facing calls to boycott their goods or services.

Persons: Gene Kim, Bud Light, Anson Frericks, Starbucks baristas, Sarah Kate Ellis, Ellis, Dylan Mulvaney, Brendan Whitworth, — Alissa Heinerscheid, Daniel Blake —, Bump Williams, Busch, Frericks, Bud, Marcel Marcondes, Marcondes, Justin Sullivan, Jack Daniel's, Lawrence Glickman, Glickman, baristas, hasn't, Disney isn't, Ron DeSantis, Lindsey Roeschke, Brayden King, King, David Cliff, Nurphoto Organizations: Anheuser, Busch, Target, Disney, Starbucks, Pride Month, Target's, Pride, GLAAD, Mulvaney, CNBC, Gay, Chamber, Commerce, Cannes Lions International, Creativity, Brands, Kohl's, Nike, Adidas, Ford, Associated Press, American Studies, Cornell University, Consumer, Walt Disney Co, Florida Gov, Brand Intelligence, Morning, Northwestern University, Getty Locations: U.S, America, San Francisco , California, Oklahoma, Florida

☆ India's Modi is on a landmark visit to the U.S. Here's what to expect
▼ + stars: | 2023-06-21 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +10 min

"This is a very important visit, it is as much about India reaching out to the U.S., as it is about the U.S. reaching out to India," Pant said. Energy: Reliance on Russian oilAlthough India's purchase of Russian weapons could fall, the same can't be said for oil. When Western nations imposed sanctions on Russian oil as a result of the unprovoked war in Ukraine, India doubled down on its purchases. Russian oil currently accounts for almost 20% of India's annual crude imports, a significant increase from just 2% in 2021, Reuters reported. But India has continued to buy cheap Russian oil since and continues trading with the country despite global sanctions on the Kremlin.

Persons: Joe Biden, Narendra Modi, Harsh, Pant, Biden, Emmanuel Macron, Yoon Suk, Aamer, Vladimir Putin, Alexandr Demyanchuk, Modi, Manjari Miller, Lisa Curtis, Curtis, Karthik Nachiappan, Ashley Tellis, Amit Ranjan, India, Ranjan, —, Tesla, Elon Musk, Tim Cook, Google's Sundar Pichai, Satya Nadella, Raj Subramaniam Organizations: Indian, White House, Getty, U.S, Observer Research Foundation, South, Asia Society Policy Institute, CNBC, Kremlin, Reuters, Shanghai Cooperation Organization, Afp, India's Ministry of Defense, Council, Foreign Relations, NATO, Pacific Security, Center, New, New American Security, Carnegie Endowment, International Peace, Institute of South Asian Studies, National University of Singapore, Energy, Reliance, NUS Institute of South Asian Studies, Technology, China Partnerships, Emerging Technology Locations: Washington ,, India, U.S, Delhi, South Asia, Russia, Ukraine, Samarkand, Pakistan, New American, China, United States, Asia, New York

☆ Exclusive: Exxon, Guyana in talks to return unexplored offshore oil areas
▼ + stars: | 2023-06-21 | by ( Sabrina Valle | ) www.reuters.com time to read: +3 min

HOUSTON, June 21 (Reuters) - Exxon Mobil Corp (XOM.N) and Guyana are in talks over which unexplored offshore areas will be returned to the government, people close to the discussions said, as the nascent oil nation seeks to attract new operators to the country. The Exxon-led consortium that controls offshore production in Guyana this year was required to return 20% of unexplored acres, under the original 2016 production contract. Reuters Graphics Reuters GraphicsCONTRACT FORCE MAJEUREThe relinquishment deadline for the 20% unexplored portion of the Stabroek block is due in October, one of the people said. Guyana plans to hold its first competitive oil blocks auction in August, which it expects to attract new operators to the country. It will offer 14 offshore blocks outside the Exxon group's domains.

Persons: Hess, Sabrina Valle, Lincoln Organizations: Exxon Mobil Corp, Exxon, HK, Reuters Graphics Reuters, Guyana's Energy Ministry, Thomson Locations: Guyana, U.S

☆ 'When we meet again, may we all be carefree': Read the outgoing Alibaba CEO's memo to staff
▼ + stars: | 2023-06-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Read the full memo Zhang sent to Alibaba employees:My fellow Aliren,Since becoming CEO of Alibaba Group in May 2015, it has become my custom to send several letters to everyone every year. In turn, the Alibaba board of directors has appointed Joseph C. Tsai to succeed me as Chairman and Eddie Yongming Wu to succeed me as Chief Executive Officer. Time flies, and this year marks my 16th year at Alibaba Group. My appointment as CEO and Chairman of Alibaba Group was beyond my imagination. Daniel ZhangAlibaba Group Chairman and CEOAlibaba Cloud Intelligence Group Chairman and CEO2023.6.20

Persons: Zhang, Alibaba, Joseph C, Tsai, Eddie Yongming Wu, Joe, Eddie, hopefuly, Daniel Zhang Alibaba, 2023.6.20 Organizations: CNBC, Alibaba Group, Cloud Intelligence, Cainiao Smart Logistics, Cloud Intelligence Group, Alibaba Locations: Alibaba

China's top graft-busting watchdog earlier this year vowed to eliminate ideas of a Western-style "financial elite" and rectify the hedonism of excessive pursuit of "high-end taste". Industrial and Commercial Bank of China (ICBC) (601398.SS) and China Construction Bank Corp (CCB) (601939.SS) plan to cut some allowances of employees at the banks' headquarters from this year, two sources familiar with the matter said. Domestic rival China International Capital Corp (CICC) (3908.HK) last month cut this year's bonuses for investment bankers by 30%-50% from a year earlier, Reuters has reported, citing sources with knowledge of the matter. Besides anti-corruption crackdown and "common prosperity" drive, financial firms are also reining in the flashy lifestyle of their staff to make sure they are not violating the Communist Party's ideology, said industry officials. China's securities regulator and the central bank cut the budget allocation for employee salaries in 2023, following reforms ordered as part of a broader drive to reduce income disparity, Reuters reported last month.

Persons: Xi Jinping's, CCB, Xin Sun, Sun, Xie Yu, Julie Zhu, Selena Li, Ziyi Tang, Binbin Huang, Rong Ma, Sumeet Chatterjee, Lincoln Organizations: Industrial, Commercial Bank of China, China Construction Bank Corp, Securities, Reuters, China International Capital Corp, HK, Party, King's College London, Thomson Locations: China, HONG KONG, Beijing, Hong Kong, Shanghai

☆ Why It Seems Everything We Knew About the Global Economy Is No Longer True
▼ + stars: | 2023-06-18 | by ( Patricia Cohen | ) www.nytimes.com time to read: +1 min

When the world’s business and political leaders gathered in 2018 at the annual economic forum in Davos, the mood was jubilant. The global economy, declared Christine Lagarde, then the managing director of the International Monetary Fund, “is in a very sweet spot.”Five years later, the outlook has decidedly soured. “Nearly all the economic forces that powered progress and prosperity over the last three decades are fading,” the World Bank warned in a recent analysis. And inflation, thought to be safely stored away with disco album collections, returned with a vengeance. But as the dust has settled, it has suddenly seemed as if almost everything we thought we knew about the world economy was wrong.

Persons: Christine Lagarde Organizations: International Monetary Fund, World Bank Locations: Davos, Europe, United States, China

☆ I work as a celebrity stylist and moved from Paris to Los Angeles. Now I dress stars like Cardi B and Lil Nas X.
▼ + stars: | 2023-06-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Lycia Lamini moved from Paris to Los Angeles to pursue her dream of being a celebrity stylist. Now the 22-year-old is dressing some of the biggest celebrities including Cardi B and Lil Nas X. I packed up and moved from Paris to Los Angeles almost a year ago to pursue my dream of becoming a celebrity stylist. I attended fashion week events, which opened doors for me. Lycia Lamini has styled celebrities including Cardi B, Lil Nas X and Burna Boy.

Persons: Lycia Lamini, Cardi, Lil Nas, —, Lycia, Kollin Carter, Karl Lagerfeld, Prada, Christian Dior, Lenny S, Jay Z's, I've, Joey Bada, Kali, they're Organizations: Service, Art Basel, Roc Nation, Paris Fashion Locations: Lycia, Paris, Los Angeles, LA, Miami

☆ Conservatives Poised to Lead Finland in Coalition with Hard Right
▼ + stars: | 2023-06-16 | by ( Emma Bubola | Johanna Lemola | ) www.nytimes.com time to read: +1 min

Finland’s main conservative party announced a new coalition government on Friday after weeks of negotiations, in a deal that moves the country firmly to the right and follows a pattern of similar political shifts elsewhere in Europe. Petteri Orpo, leader of the center-right National Coalition Party, would become prime minister under the coalition, which includes the right-wing nationalist Finns Party. “Finland needs change,” Mr. Orpo said at a news conference on Friday. “Our prosperity is hanging in the balance.”Assuming the coalition is approved when lawmakers vote on the prime minister in Parliament, probably next week, it will leave in opposition the more liberal Social Democratic Party led by the former prime minister Sanna Marin, who became a political rock star during her tenure. The new government is expected to introduce an era of financial belt-tightening and stricter immigration policies.

Persons: Petteri Orpo, Mr, Orpo, Sanna Marin Organizations: National Coalition Party, Finns Party, Social Democratic Party Locations: Europe, Finland

☆ World Bank's new chief wants 'better bank' before pushing for bigger bank
▼ + stars: | 2023-06-15 | by ( David Lawder | ) www.reuters.com time to read: +4 min

"I think a better bank is an important thing" to achieve. "And then I earn the right to come back ask for a bigger bank," he said. The bank's current mission statement refers to ending extreme poverty within a generation and promoting shared prosperity. This includes promoting more inclusion of women and youth in the bank's development work, with a strong emphasis on job creation. On several occasions during visits in Peru and Jamaica, Banga said the various divisions of the World Bank Group needed to work together better as "one bank," saving countries the difficulties of dealing with them separately, and speeding its approval processes.

Persons: Ajay Banga, Banga, Janet Yellen, David Lawder, Sonali Paul Organizations: Reuters, U.S, Treasury, World Bank, Bank, Thomson Locations: MANDEVILLE, Jamaica, Peru

WASHINGTON, June 15 (Reuters) - Republican and Democratic members of the U.S. Congress introduced legislation on Thursday that would make it easier for Ukraine to fund its fight against Russian invaders by using seized and frozen Russian assets. The U.S. Congress has approved more than $100 billion in military, humanitarian and economic aid for Ukraine since Russia invaded in February 2022. It also would bar the release of funds to sanctioned Russian entities until Russia withdraws from Ukraine and agrees to provide compensation for harm caused by the war. The bill's other Republican sponsors include Representative Michael McCaul, chairman of the House Foreign Affairs Committee and Representatives Joe Wilson, Thomas Kean and Brian Fitzpatrick. Democratic sponsors include Senator Sheldon Whitehouse and Representative Marcy Kaptur, a co-chair of the Congressional Ukraine Caucus, as well as Representatives Steve Cohen and Mike Quigley.

Persons: Jim Risch, Michael McCaul, Joe Wilson, Thomas Kean, Brian Fitzpatrick, Sheldon Whitehouse, Marcy Kaptur, Steve Cohen, Mike Quigley, Patricia Zengerle, William Maclean Organizations: Republican, Democratic, U.S . Congress, U.S, Congress, Moscow, Senate Foreign Relations, Opportunity, House Foreign Affairs, Congressional Ukraine Caucus, Thomson Locations: Ukraine, Russia, Kyiv, United States

☆ Germany to unveil first-ever National Security Strategy
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +3 min

BERLIN, June 13 (Reuters) - Chancellor Olaf Scholz's government is set to unveil Germany's first National Security Strategy on Wednesday which aims to provide an overview of the country's foreign policy and ensure a cohesive cross-ministry approach to security. Germany has had policy documents in the past addressing security but Scholz's three-way coalition agreed it wanted a more comprehensive strategy in its pact in November 2021. Scholz said Germany from now on would invest more than 2% of economic output on defence up from around 1.5% currently, after years of resisting pleas from NATO allies to do so - a pledge expected to be included in the National Security Strategy. The document is unlikely to go into Germany's policy on China at length, however, as the government is expected to publish a separate China strategy later this year. One of the most contentious issues was the idea of a National Security Council, which the government eventually abandoned due to disagreements over where it should be housed.

Persons: Olaf Scholz's, Germany's, Scholz, Nils Schmid, Mikko Huotari, Thorsten Benner, Sarah Marsh, Andreas Rinke, Lincoln Organizations: Security, National Security, Scholz's Social, Mercator Institute for China Studies, Greens, National Security Council, Global Public Policy Institute, Thomson Locations: BERLIN, Germany, Ukraine, Russia, China

☆ Schumer to host first of three senator-only A.I. briefings as Congress considers how to regulate
▼ + stars: | 2023-06-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

U.S. Senate Majority Leader Chuck Schumer, Democrat of New York, speaks about China competitiveness legislation alongside Democratic Senate committee chairs at the U.S. Capitol in Washington, D.C., May 3, 2023. Senate Majority Leader Chuck Schumer, D-N.Y., is set to host the first of three educational sessions about artificial intelligence Tuesday as Congress considers how best to regulate the technology. Tuesday's talk is set to offer a general overview of AI and its current capabilities, Schumer said. In the letter, the senators said the three discussions would ask the following questions:Where is AI today? How do the Department of Defense and Intelligence Community use AI today and what do we know about how our adversaries are using AI[?]

Persons: Chuck Schumer, Schumer, Antonio Torralba, Sam Altman, Mike Rounds, Martin Heinrich, Todd Young Organizations: Democratic, U.S, Capitol, Washington , D.C, Senate, Massachusetts Institute of Technology, Lawmakers, Sens, of Defense, Intelligence, CNBC, YouTube Locations: New York, China, Washington ,

☆ Why Hong Kong can’t cut loose from the US dollar just yet
▼ + stars: | 2023-06-13 | by ( Laura He | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —Hong Kong’s currency is facing its biggest test since the global financial crisis of 2008. The steep fall is a sign that investors are ditching the Hong Kong dollar. The Hong Kong Monetary Authority (HKMA) is committed to keeping the Hong Kong dollar between 7.75 and 7.85 per greenback. People walk past the Hong Kong Monetary Authority (HKMA) on May 4, 2023, in Hong Kong, China. “Pegging the Hong Kong dollar to the US dollar encourages such transactions to be carried out in Hong Kong and under Hong Kong law, even if neither party is based in Hong Kong.”This helps to create jobs and prosperity in Hong Kong, while also benefiting mainland China.

Persons: Hong, hasn’t, Andy Xie, ” Logan Wright, Bill Ackman’s, Ackman, Wright, Peter Parks, Kong, Deng Xiaoping, Margaret Thatcher, outflows, Chi Lo, Chen Yongnuo, Hong Kong’s, ”, Richard Cookson ,, Boaz Weinstein, Daniel Fung, Rhodium’s Wright, Xie, Eddie Yue, Banks, John Greenwood, “, Greenwood, ” Greenwood Organizations: Hong Kong CNN, British, Hong, Traders, Hong Kong, Bill Ackman’s Pershing, Capital Management, Getty, Lehman Brothers, Hong Kong Monetary Authority, US Federal Reserve, Asia Pacific, BNP, Asset Management, Fed, China News Service, Rubicon Fund Management, Bloomberg, Saba Capital Management, National Security Law, CNN Locations: Hong Kong, United States, China, Hong, Beijing, AFP, Britain, “, ”, Riding

☆ 'Trump can't win': Koch network releases ads targeting ex-president
▼ + stars: | 2023-06-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

The political network financed largely by billionaire Charles Koch is launching a wave of digital ads targeting former President Donald Trump. The ads argue that if Trump becomes the Republican nominee next year, it will lead to President Joe Biden winning reelection. One of the spots, titled "Only Way," has a voiceover saying, "The only way Biden wins is if we nominate Trump again." All of the Koch digital ads cite public polling that say how key voters don't want Trump to be president again. The ads are also targeting voters at a tumultuous moment for Trump.

Persons: Charles Koch, Donald Trump, Trump, Joe Biden, Koch, they've, Strong, Biden, Herschel Walker, Sen, Ron Johnson, Mehmet Oz, Bill Riggs, Riggs, Emily Seidel, Ron DeSantis Organizations: Republican, Prosperity, Koch Industries, of Commerce, CNBC, Trump, Biden, GOP, White, Senate, Commission, PAC, Georgia Republican Senate, Pennsylvania Republican, NBC, Florida Gov Locations: China, Georgia, Iowa, South Carolina , New Hampshire, Nevada, Washington

☆ Silvio Berlusconi’s memorable quotes and quips
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +4 min

Here are some of his memorable quotes and quips:DEC 2022: Berlusconi tells players of his Monza soccer team he would bring "a bus of whores into the locker room" if they managed to beat a top Serie A rival. FEB 2006: "I am the Jesus Christ of politics," Italian media quoted Berlusconi as telling supporters. Mussolini sent people on holiday in (internal) exile," Berlusconi tells Britain's Spectator magazine, replying "yes" when asked if he thought the World War Two dictator was "benign". You'd be perfect," Berlusconi told German lawmaker Martin Schulz, who was heckling him during his debut at the European Parliament. OCT 2001: Berlusconi causes outcry in the Muslim world when he says the West "should be conscious of the superiority of our civilisation."

Persons: Silvio Berlusconi, Berlusconi, Vladimir Putin, Putin, de Silvio Berlusconi, Remo Casilli, Barack Obama, Christ, Tarja Halonen, Mussolini, Mr Schulz, You'd, Martin Schulz, Josep Pique, Conor Humphries Organizations: Monza, Serie, Food Safety Authority, Britain's Spectator, Rome, Thomson Locations: whores, West, Ukraine, Milan, Abruzzo, Rome, Italie, United States, Finnish, Italy, Spain

☆ India's outsourcing giants cut hiring; disheartening for economy, students
▼ + stars: | 2023-06-12 | by ( Navamya Ganesh Acharya | ) www.reuters.com time to read: +7 min

There are pockets of optimism elsewhere in the services sector - especially in accounting, where there is a surge in hiring. NLB sees a 20-25% drop in IT employee additions in the first half of the current financial year, while TeamLease Digital expects a 40% decrease for the entire year. Nasscom declined comment on the hiring slowdown. That has "surely left applicants concerned about future prospects", said staffing firm Xpheno's co-founder Kamal Karanth, who highlighted how current hiring activity was "under a third of what was recorded in the buoyant peak". Pai highlighted sectors such as financial services, consumer goods, specialised manufacturing, medicine, law, chartered accounting and other services as more viable options.

Persons: Rohit Azad, Azad, Rishad Premji, Sakshi Gupta, Sachin Alug, NLB, Nilanjan Roy, Nasscom, Gautam, Xpheno's, Kamal Karanth, LTIMindtree, Karanth, Siana, Siddharth Pai, Pai, Dhanya Skariachan, Raju Gopalakrishnan Organizations: New, Jawaharlal Nehru University, Wipro, HDFC, Apple, Citigroup, American Express, Europe's Credit Suisse, UBS, NLB Services, TeamLease, IT, Tata Consultancy Services, Infosys, Reuters Graphics, Sethuraman, Thomson Locations: BENGALURU, India, Punjab

Search resuls for: "prosperity"

25 mentions found