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☆ Standard Chartered-owned crypto firm Zodia launches in Singapore
▼ + stars: | 2023-09-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Zodia Custody, a company that helps large institutions store their crypto, launched in Singapore on Tuesday in a bid to tap into the country's rapidly growing digital asset market. The development makes Zodia the first entity that is owned by and partnered with banks to provide digital asset custody services for financial institutions in Singapore, Zodia said in a news release. Zodia is also part-owned by SBI Digital Asset Holdings, the crypto division of Japanese bank SBI. "Singapore is a market that has been no stranger to the crypto world for a long time," Sawyer said. Standard Chartered has a "fantastic brand" in Singapore, Sawyer said, adding that the backing of such a large institution has helped boost its conversations with major financial firms.

Persons: Zodia, StanChart, Julian Sawyer, Sawyer, blockchain, Crypto, Zodia's, Coinbase Organizations: Standard Chartered, Northern Trust, SBI Digital Asset Holdings, SBI, CNBC, Starling, Chartered, Arrows, United, United Arab Emirates Locations: Singapore, British, Asia, Africa, Japan, Pacific, Abu Dhabi, United Arab, India

☆ Philippines, Taiwan, Malaysia reject China's latest South China Sea map
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +3 min

It was not immediately clear whether the latest map denotes any new claim to territory. Its Malaysian counterpart in a statement said the new map holds no binding authority over Malaysia, which "also views the South China Sea as a complex and sensitive matter". The map was different to a narrower version submitted by China to the United Nations in 2009 of the South China Sea that included its so-called "nine-dash line". Asked about the latest map, Taiwan foreign ministry spokesperson Jeff Liu said Taiwan was "absolutely not a part of the People's Republic of China". "China's position on the South China Sea issue has always been clear.

Persons: legitimise, Jeff Liu, Wang Wenbin, Karen Lema, Ben Blanchard, Liz Lee, Martin Petty Organizations: Philippine Coast Guard, Malaysian, United Nations, South China, China Central Television, Thomson Locations: Thitu, Philippines, Spratly Islands, China, Malaysia, Taiwan, South China, Beijing, Hainan, Vietnam, Brunei, Indonesia, Philippine, South, People's Republic of China, India, Manila, Taipei

☆ A Florida GOP rep who defended the state's new slavery curriculum is now helping create its first Black history museum
▼ + stars: | 2023-08-28 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +3 min

A Florida GOP rep who backed the state's slavery curriculum is helping open a Black history museum. He's on a task force in charge of including the history of slavery in the state in the new museum. Ron DeSantis last week and will help plan the building and operation of the Florida Museum of Black History, according to Bay News 9. Now, Jacques will be a key member in opening the state's first museum to honor Black history. "My main task on this task force is emphasize that Black history is part of American history," Jacques said, Bay News 9 reported.

Persons: Berny Jacques, it's, Ron DeSantis, Jacques, Bruce Antone, DeSantis Organizations: Florida GOP, Service, Bay, Florida Gov, Florida Museum of, Florida Board of Education, Democratic, Rep, Senate Locations: Florida, Wall, Silicon

When I learned about Barista FIRE, where you work part-time in "retirement," it was perfect for us. I thought, There are people who have decided to forgo the "work until you're of standard retirement age" lifestyle? It's called "Barista FIRE" because some people choose to work part-time as a coffee shop barista in early retirement. Then, you subtract the amount you think you will earn from your expenses number to get your Barista FIRE number. Using the same numbers as above and assuming $25,000 a year earned from part-time work or passive income, our Barista FIRE number changes dramatically.

Persons: It's, Read, Roth, — Organizations: Barista FIRE, Service, FIRE, Barista Locations: Wall, Silicon

☆ Britain will host AI summit at World War Two code-breaking centre
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

A piece of paper sits on the Colossus machine at Bletchley Park in Milton Keynes, Britain, September 15, 2016. REUTERS/Darren Staples/File Photo Acquire Licensing RightsLONDON, Aug 24 (Reuters) - Britain will host a global summit on artificial intelligence at the old home of Britain's World War Two codebreakers in November as Prime Minister Rishi Sunak pitches Britain as global leader in guarding the safety of the fast-developing technology. The summit will take place on Nov. 1 and 2 at Bletchley Park, the site in Milton Keynes where mathematician Alan Turing cracked Nazi Germany's Enigma code, the government said on Thursday. "The UK has long been home to the transformative technologies of the future, so there is no better place to host the first ever global AI safety summit than at Bletchley Park," Sunak said. Governments around the world are wrestling with how to control the potential negative consequences of AI without stifling innovation.

Persons: Darren Staples, Rishi Sunak, Alan Turing, Sunak, Joe Biden, Matt Clifford, Jonathan Black, Andrew MacAskill, Tomasz Janowski Organizations: REUTERS, Bletchley, Tech, European Union, Thomson Locations: Milton Keynes, Britain, Washington, Canada, France, Germany, Italy, Japan, United States, Hiroshima

☆ 31% of investors are OK with using artificial intelligence as their advisor
▼ + stars: | 2023-08-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Nearly 1 in 3 investors would use artificial intelligence as their financial advisor, a new survey suggests — and that has the potential to lead to flawed advice, experts said. Generative AI uses algorithms to create new content like essays, song lyrics, art, photography and computer code — or, in this case, financial advice. ChatGPT, a program that went viral after being debuted to the public late last year, is one example of generative AI. The algorithms that underpin generative AI compile data from sources like the internet to develop responses, and those data sources may not be reliable. In short, financial advice outputs won't necessarily be 100% trustworthy.

Persons: Kevin Keller, Keller Organizations: Standards, CFP, Finance, McKinsey & Co

☆ NYC rolls out plan to convert empty office buildings into 20,000 homes as remote working persists
▼ + stars: | 2023-08-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

NYC Mayor Eric Adams outlined a proposal to convert office buildings into affordable homes. Adams said the goal is to create as many as 20,000 homes to help solve the city's housing crisis. "It makes no sense to allow office buildings to sit empty while New Yorkers struggle to find housing. Empty office buildings are an issue across US cities including San Francisco and Chicago. A recent study by the National Bureau of Economic Research found that over 2,000 US office buildings could be transformed into as many as 400,000 apartment units.

Persons: Eric Adams, Adams, Dan Garodnick, Maria Torres, Meta Organizations: Service, New York's Department of City, Housing Opportunity, New York City Department of Buildings, of Standard, Appeals, Springer, Colliers, New York Times, National Bureau of Economic Research Locations: Wall, Silicon, York City, Manhattan, New York, San Francisco, Hudson Yards, Chicago

[1/4] A damaged vehicle is pictured in the fire ravaged town of Lahaina on the island of Maui in Hawaii, U.S., August 15, 2023. Joseph Schilling, 66, enjoyed hunting for bullet shells and was known by his loved ones for making delicious sugar toast. Both died last week in the wildfires that scorched Maui and were among the first victims identified by authorities and family members in the heart-wrenching days afterward. As names of the dead are shared, an early pattern has emerged: Many who perished were over the age of 65. The other victims identified so far by officials are Melva Benjamin, 71; Robert Dyckman, 74; Buddy Jantoc, 79; Alfredo Galinato, 79; and Virginia Dofa, 90.

Persons: Mike Blake, Donna Gomes, Joseph Schilling, Schilling, Joe, Akiva Bluh, Bluh, Gomes, Tehani Kuhaulua, Benjamin, Robert Dyckman, Buddy Jantoc, Alfredo Galinato, Virginia Dofa, Galinato, KITV, Joshua Galinato, He's, Daniel Trotta, Brendan O'Brien, Don Durfee, Cynthia Osterman, Jonathan Oatis Organizations: REUTERS, U.S . Fire Administration, Research, National Institute of Standards, Technology, Fire Administration, ABC, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Virginia

☆ Here's a first look at GM's new all-electric Cadillac Escalade IQ, starting at $130,000
▼ + stars: | 2023-08-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

GM President Mark Reuss during the reveal of the all-electric 2025 Cadillac Escalade IQ on Aug. 9, 2023 in New York City. Michael Wayland / CNBCThe Escalade IQ is the first – and most important – traditional Cadillac model to be released as an EV. 'It's American luxury'The Escalade IQ features a much smoother, more aerodynamic exterior than the current Escalade, with overall styling more similar to Cadillac's current EVs than its gas- and diesel-powered siblings. Powerful, fast chargingThe Escalade IQ will feature up to 750 horsepower and 785 pound-feet of torque with a performance "Velocity Max" mode. The Escalade IQ features a host of standard safety and convenience features, including GM's Super Cruise hands-free highway driving system and an available 40-speaker KG audio system.

Persons: Cadillac Escalade, Mark Reuss, Michael Wayland, It's, Reuss, haven't, Michael Simcoe, Tyson Jominy, Escalade, Mandi Damman Organizations: Cadillac, Motors, Detroit, GM, EV, CNBC, GMC Hummer, Chevrolet Silverado, Cruise, Arlington Assembly, Chevrolet, GMC Locations: New York City, Detroit, Texas

☆ Britain appoints tech expert, diplomat to spearhead its AI summit
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

Google, Microsoft and Alphabet logos and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic//File PhotoLONDON, Aug 10 (Reuters) - Britain has chosen tech expert Matt Clifford and former senior diplomat Jonathan Black to lead preparations for its global summit on artificial intelligence (AI) later this year. The two will be tasked with rallying political leaders, AI companies and experts ahead of the event this autumn, the government said on Thursday. Governments around the world are wrestling with how to control the potential negative consequences of AI without stifling innovation. The European Union has taken a lead with its proposed AI Act, which it aims will become a global benchmark for the booming technology.

Persons: Dado Ruvic, Matt Clifford, Jonathan Black, Rishi Sunak, Paul Sandle, Sharon Singleton Organizations: Google, Microsoft, REUTERS, European, European Union, Thomson Locations: Britain, Canada, France, Germany, Italy, Japan, United States, Hiroshima

☆ Opinion: The Donald Trump and Hunter Biden surprises
▼ + stars: | 2023-07-30 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

So it was remarkable Wednesday when the deal for Hunter Biden to plead guilty to two misdemeanors for his failure to pay taxes on time fell apart in a federal courtroom after the judge raised questions about it. Special counsel Jack Smith unexpectedly added a major allegation to the indictment charging former President Donald Trump with mishandling classified documents. The Trump and Hunter Biden developments underlined how America’s political climate is being shaped by what happens in the courts. This addition, an alleged surveillance tape conspiracy, almost reads like a spy novel.”“It features Trump employee and co-defendant Walt Nauta’s surprise clandestine trip to Florida. To W. James Antle III, it was the Hunter Biden plea deal snafu that brought to the forefront the “powerful split screen that drives” how Republican voters see the emerging 2024 presidential race.

Persons: Robert Burns, beasties, ”, Burns, aren’t, Hunter Biden, Jack Smith, Donald Trump, ” Smith, Trump, Dana Summers, Norman Eisen, Walt Nauta’s, Nauta, De Oliveira, De Oliveria, ’, ” Eisen, James Antle III, Hunter, Joe Biden’s, Maryellen Noreika, ” “ Noreika, couldn’t, Joe Biden, wasn’t, ” Bill Bramhall, Mitch McConnell, Sen, Dianne Feinstein, Julian Zelizer, “, ” “, Walt Handelsman, Elon Musk’s, Twitter “, Bill Carter, it’s, … Musk, —, Musk, ” Carter, Bill McGuire, ” McGuire, Mark Wolfe, Cassandra Lovejoy, Clay Jones, David Grusch, Jason Colavito, Colavito, Barbara Lee, Abigail E, Moore, ” Lee, Michael Bociurkiw, Odesa, Vladimir Putin’s, ” Bociurkiw, “ Handshakes, ” Netanyahu Israel’s, Benjamin Netanyahu, Frida Ghitis, Netanyahu, Drew Sheneman, Peniel, Joseph, Kamala Harris, Sophia A, Nicole Hemmer, Patrick T, Brown, David J, Skorton, Frank R, Lisa Benson, Barbie, Dean Obeidallah, ‘, GOP Sen, Ted Cruz, Mattel, Barbie —, Greta Gerwig’s, Margot Robbie, Ryan Gosling —, ” Obeidallah, Taylor Swift Taylor Swift, Swift, Barbra Streisand, Margaret H, Willison, O’Connor Sinéad O'Connor, Andrew Chin, Sinéad O’Connor, Sarah Gundle, Taylor, Sinead O’Connor’s, ” Don’t, Lawrence, Kara Alaimo, Jill Filipovic, Jeff Pearlman, He’s, Catherine Steenkeste, David A, Andelman, Mort Rosenblum, who’s, he’s, ” We’ll Organizations: CNN, Mar, Trump, Justice Department, Fox, Republicans, GOP, of Justice, New York Daily, Times, Twitter, SpaceX, World Meteorological Organization, University College London, Pentagon, “, Disney, Supreme, Agency, Education, African, Trinity, Warner Bros, Warner Bros ., Billboard, Machine, Vogue Theatre, International Herald Tribune Locations: Scottish, Florida, Bedminster, New, California, Rhodes, Corfu, Evia, Europe, United States, Odesa, Miami, York, Ukrainian, Kyiv, Israel’s, North America, Vancouver, Canada, White, Paris, Seine, gunpoint, ”

☆ China's economy is still slow, but we're not a bank for the average citizen: Standard Chartered CFO
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economy is still slow, but we're not a bank for the average citizen: Standard Chartered CFOAndy Halford, CFO of Standard Chartered, discusses the bank's latest set of results.

Persons: we're, Andy Halford Organizations: Standard Chartered

☆ BOJ is likely to move 'incrementally' on yield curve control in H2
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Japan likely to move 'incrementally' on yield curve control later this year, but not in JulyEric Robertsen of Standard Chartered Bank says there's a chance that the Bank of Japan will shift the maturity control of its yield curve control to 5 years from 10 years.

Persons: Eric Robertsen, there's Organizations: Email Bank of, Standard Chartered Bank, Bank of Japan Locations: Email Bank of Japan

☆ Standard Chartered first-half profit beats estimates, sets new $1 billion share buyback
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: +1 min

A sign above the entrance to the headquarters of Standard Chartered Plc in London, U.K., on Monday, Feb. 14, 2022. Standard Chartered reported on Friday first-half pretax profit rose 20% and announced a new $1 billion share buyback, as rising rates and record financial markets business propelled margins at the emerging markets-focused lender. StanChart, which earns most of its revenue in Asia, said statutory pretax profit for the first six months of this year reached $3.32 billion. That compared with $2.77 billion a year earlier and the $3.18 billion average of 16 analyst estimates compiled by the bank. The bank upgraded its guidance for income growth in 2023 to a 12%-14% range from 10% previously.

Persons: Bill Winters Organizations: Standard Chartered, Chartered Locations: London, Asia

"The culture wars are coming to UK businesses, including the financial sector," said Andre Spicer, dean of City University's Bayes Business School. It also cited "risk factors including... controversial public statements which were felt to conflict with the bank's purpose". However, data from watchdog the Financial Ombudsman Service showed complaints about account closures represented a tiny fraction of a bank's overall customer base. Experts say other banks will now be scrambling to ensure their own policies and committees are behaving appropriately, to avoid further scandals. The CEO of Britain's biggest domestic bank Lloyds said on Wednesday the bank's own policies did not include looking at customers' political or personal beliefs.

Persons: Nigel Farage, Coutts, Andre Spicer, Howard Davies, Alison Rose, Rose, Peter Flavel, Charles Dickens, Queen Elizabeth II, Spicer, Harriet Baldwin, Bill Winters, Samuel Gregg, Banks, Gregg, University's Spicer, Rupert Younger, ", Sinead Cruise, Iain Withers, Lawrence White, Daniel Wallis Organizations: Brexit Party, NatWest, Bayes Business School, Coutts, Treasury, Bank of England, BBC, Standard Chartered, Farage, American Institute for Economic Research, Facebook, Financial, Service, Barclays, Lloyds, Centre, Oxford University's Said Business School, Thomson Locations: America

☆ High school shop class is back—and it's showing students alternatives to 'traditional college'
▼ + stars: | 2023-07-26 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Thirty years ago, high school shop class seemed on track for extinction. And during the 2016-2017 school year, 98% of public school districts offered CTE to high school students, though the types of programs varied widely, according to the Department of Education. Here are two key problems in the workforce that high school CTE seeks to address:Expensive college degreesCollege was the primary postgrad pathway modeled at Rosalyn Jones' high school in New Jersey. "Definitely in high school, they pushed college first like it's kind of the only option," says Jones, 25, who attended high school from 2012 to 2016. She says her high school offered a woodshop class as a course, but she says there was no CTE requirement.

Persons: Nolan Brunn, CTE, Rosalyn Jones, Jones, Tyler Sasse Organizations: Career Tech, National Center of Education Statistics, Association for Career, Department of Education, Corps, Job Corps, The, of Public, Grant Universities, Western Welding Academy Locations: New Jersey, Anoka , Minnesota, Brunn, Wyoming

☆ Interns and college students are using virtual reality to learn office skills without ‘repercussions’—but not everyone is sold on the metaverse
▼ + stars: | 2023-07-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +6 min

Apple's new Vision Pro virtual reality headset is displayed during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. College classes and internship programs are employing VR headsets to teach students and early talent the ropes of an office environment. Laura Bedalov, a customer success manager at Cappfinity, sets up the virtual reality workplace environment that colleges and internship programs are using to train young people. Within UCD's virtual reality world, which was developed in partnership with Cappfinity, students may take on the role of a human resources employee choosing a job candidate to hire. Maurice Knightly, education innovation lead at UCD's Innovation Academy who helped spearhead the VR class, says headset prices have gotten cheaper over time.

Persons: Laura Bedalov, Jeannie Liakaris, Rebecca Picciotto, Cappfinity, Ernst & Young, Alan O'Donnell, O'Donnell, Maurice Knightly Organizations: Apple's Worldwide, Apple, Meta, Microsoft, University College Dublin, UCD's Innovation Academy, UCD, VR, CNBC, Netflix, Pico Locations: Cupertino , California

☆ Tony Bennett, masterful stylist of American musical standards, dies at 96
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: +14 min

US singer Tony Bennett (Anthony Dominick Benedetto) performs on stage during an invitation only concert at the newly opened Encore Boston Harbor Casino in Everett, Massachusetts on August 8, 2019. "No country has given the world such great music," Bennett said in a 2015 interview with Downbeat Magazine. The evening's performance resulted in the album, "Tony Bennett: MTV Unplugged," which won two Grammys, including album of the year. Bennett would win Grammys for his tributes to female vocalists ("Here's to the Ladies"), Billie Holiday ("Tony Bennett on Holiday"), and Duke Ellington ("Bennett Sings Ellington — Hot & Cool"). He also won two Emmy Awards — for "Tony Bennett Live By Request: A Valentine Special" (1996) and "Tony Bennett: An American Classic" (2007).

Persons: Tony Bennett, Anthony Dominick Benedetto, Bennett, Antonia Benedetto, Frank Sinatra, Lady Gaga, Sylvia Weiner, Bennett didn't, Cole Porter, Irving Berlin, Jerome Kern, Sinatra, Sinatra's, Cheek, Gaga, Carrie Underwood, Amy Winehouse, Winehouse, Oscar, Amy, Porter, George Gershwin, George Cory, Douglass Cross, Ralph Sharon, Ralph, Danny, David Letterman, Fred Astaire, Elvis Costello, Billie Holiday, Duke Ellington, — Bennett, Louis Armstrong, Barbra Streisand, Paul McCartney, Stevie Wonder, Long, Susan Crow Benedetto, Anthony, Anna, James Infirmary, Bel, Miriam Spier, you'll, it's Bing Crosby, Art Tatum, Lester Young, Stan Getz, Joe Bari, Rosemary Clooney, Arthur Godfrey's, Pearl Bailey, Bob Hope, Mitch Miller, Hank Williams, Miller, Chuck Wayne, Chico Hamilton, Art Blakey, Count Basie, Harry Belafonte's, Martin Luther King Jr, Selma, Bennett's, Johnny Mandel's Oscar, Clive Davis, Tony, Bill Evans, Patricia Beech, Sandra Grant, Susan, Johanna, Antonia, Dae, —, Benedetto — Organizations: Associated Press, American, MTV, Ellington, New, Frank Sinatra School of, Arts, Armed Forces Network, Armed Forces Radio, American Theater, Arthur Godfrey's Talent Scouts, Greenwich Village, Paramount Theater, Sinatra, Columbia Records, Count Basie Orchestra, Army, Civil Rights Movement, Carnegie Hall, Columbia, IRS, Kennedy, National Endowment, Arts Jazz, Smithsonian Museum of American Locations: Everett , Massachusetts, Francisco, New York, San Francisco, Little Rock , Arkansas, Astoria, New York City, Queens, Italian, Germany, Greenwich, Montgomery, Los Angeles

☆ There are almost no national safety rules protecting US workers exposed to high heat
▼ + stars: | 2023-07-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

The National Weather Service recorded a high temperature of 97 degrees at the Dallas Love Field airport that day. The human body’s primary way to deal with high heat is through sweating, which cools the body when it evaporates. But despite these risks, getting a clear set of rules to protect workers from high heat has proved difficult. OSHA heat safety rulesEven without a specific heat standard, OSHA can fine employers that let heat get unsafe for workers under a “general duty” rule requiring safe work places. “That’s why a heat standard would be much more useful.”OSHA said protecting workers from heat is a major priority.

Persons: ”, Jordan Barab, “, ” Eugene Gates , Jr, Carla Gates, I’m, Kimetra Lewis, Gates, Larry Kenney, Kenney, Barab, Doug Parker, Marc Freedman, Biden, ” –, Angela Fritz Organizations: New, New York CNN, Occupational Safety, Health Administration, Biden, US Chamber of Commerce, AFL, “, Labor Statistics, Lakewood Post, National Weather Service, Dallas Love, US Postal Service, CNN, National Association of, Carriers, Penn State, First Street Foundation, OSHA, Commerce Locations: New York, California, Florida, Lakewood, Dallas, Gates, United States

☆ Fact Check-Screenshot of Snopes article involving antisemitic claims has been fabricated
▼ + stars: | 2023-07-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A screenshot of a Snopes article discussing the expulsion of Jewish people from 109 different countries is fabricated. According to the Anti-Defamation League, an international non-governmental organization, the idea that Jews have been expelled from 109 countries is one made repeatedly by white supremacists. Reuters found no evidence of an article by Snopes fact-checking the “109 expulsions” claim (tinyurl.com/2ymasv83). Some social media users appear to think the image shows a real article and criticized Snopes (here). The image does not show a real Snopes article.

Persons: Snopes, Doreen Marchionni, David Emery, Read Organizations: Standards, Defamation League, ADL, Reuters Locations: Snopes

On Tuesday, the Biden administration announced it’s moving to implement a cybersecurity labeling program aimed at helping consumers pick out trustworthy tech products that are rated as more secure than the competition. Products certified under the new program may come with a QR code that links to a national database affirming its participation, the administration added in a release. “This new labeling program would help provide Americans with greater assurances about the cybersecurity of the products they use and rely on in their everyday lives,” the administration said in a statement. “It would also be beneficial for businesses, as it would help differentiate trustworthy products in the marketplace.”The government proposal comes two years after President Joe Biden signed an executive order calling for an “‘energy star’ type of label” for tech products. “Market forces alone were never going to be sufficient to force manufacturers to step up and deliver more secure devices,” he said.

Persons: Biden, it’s, —, cybersecurity, ”, Joe Biden, Dave DeWalt, “ We’ve Organizations: CNN, National Institute of Standards, Technology, NIST, House, Products, Twitter, PayPal, Federal Communications Commission, FCC, Colonial Pipeline, Companies, Amazon, Cisco, Google, LG, Logitech, Samsung, Consumer Technology Association

☆ White House teams with Amazon, Google, and Qualcomm on cyber security labels for gadgets
▼ + stars: | 2023-07-18 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

To receive the U.S. Cyber Trust Mark, companies will have to follow cybersecurity standards set by the National Institute of Standards and Technology (NIST), such as requiring strong passwords and software updates. Other agencies across the executive branch also plan to get involved in making connected devices more secure, according to the announcement. For example, the Department of Energy will collaborate with National Labs and industry to create cybersecurity labeling standards for smart meters and power inverters. And the Department of State plans to engage allies in syncing up cybersecurity labeling standards and creating international recognition of such labels. Once completed, the FCC could choose to use the standards to apply the new label to these products as well.

Persons: Biden Organizations: U.S, U.S . Cyber, Federal Communications Commission, Google, LG Electronics, Logitech, Samsung, National Institute of Standards, Technology, NIST, FCC, Infrastructure Security Agency, Department of Energy, National Labs, Department of State, CNBC, YouTube Locations: cyberattacks, U.S

[1/2] A response by ChatGPT, an AI chatbot developed by OpenAI, is seen on its website in this illustration picture taken February 9, 2023. The EU and its member states have dispatched officials for talks on governing the use of AI with at least 10 Asian countries including India, Japan, South Korea, Singapore and the Philippines, they said. Officials from Singapore and the Philippines expressed concern that moving overly hasty regulation might stifle AI innovation. Seoul will continue discussing AI regulation with the EU but is more interested in what the G7 is doing, a South Korean official said following a meeting with Breton. The EU is planning to use the upcoming G20 meetings to further push for global collaboration on AI, notably with 2023 president India, van Huffelen told Reuters.

Persons: Florence, Alexandra van Huffelen, van Huffelen, Thierry Breton, Breton, Fanny Potkin, Sam Nussey, Supantha Mukherjee, Joyce Lee, Tomasz Janowski Organizations: REUTERS, European, EU, Reuters, Officials, General Data, European Union, South Korean, Thomson Locations: Florence Lo, SINGAPORE, TOKYO, STOCKHOLM, Asia, India, Japan, South Korea, Singapore, Philippines, Canada, Turkey, Israel, EU, France, Germany, Italy, Britain, United States, Hiroshima, Seoul

[1/2] A response by ChatGPT, an AI chatbot developed by OpenAI, is seen on its website in this illustration picture taken February 9, 2023. The EU and its member states have dispatched officials for talks on governing the use of AI with at least 10 Asian countries including India, Japan, South Korea, Singapore and the Philippines, they said. The officials asked not be named as the discussions, whose extent has not been previously reported, remained confidential. Officials from Singapore and the Philippines expressed concern that moving overly hasty regulation might stifle AI innovation. Seoul will continue discussing AI regulation with the EU but is more interested in what the G7 is doing, a South Korean official said following a meeting with Breton.

☆ StanChart to sell sub-Saharan Africa business to Access Bank
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

DUBAI, July 14 (Reuters) - Standard Chartered (STAN.L) said on Friday it has reached an agreement to sell its subsidiaries in sub-Saharan Africa to Nigeria's Access Bank, putting into motion a plan announced last year to divest those businesses. Standard Chartered will sell its shareholding in its subsidiaries in Angola, Cameroon, Gambia and Sierra Leone to Access. It will also sell its consumer, private & business banking business in Tanzania to Access Bank, a subsidiary of Access Holdings (ACCESSCORP.LG). "Access Bank will provide a full range of banking services and continuity for key stakeholders including employees and clients of Standard Chartered's businesses across the five aforementioned countries," Standard Chartered said in a statement. The agreement is in line with Standard Chartered's global strategy "aimed at achieving operational efficiencies, reducing complexity, and driving scale," it said.

Persons: Sunil Kaushal, Roosevelt Ogbonna, Yousef Saba, Jason Neely Organizations: Nigeria's Access Bank, Chartered, Access Bank, Access Holdings, Thomson Locations: DUBAI, Saharan Africa, Angola, Cameroon, Gambia, Sierra Leone, Tanzania, Africa, Nigeria

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