By Toby Sterling THE HAGUE (Reuters) – More than 60 countries including the U.S. and China signed a modest “call to action” on Thursday endorsing the responsible use of artificial intelligence (AI) in the military. Human rights experts and academics noted the statement was not legally binding and failed to address concerns like AI-guided drones, …
U.S., China, other nations urge ‘responsible’ use of military AI Read More »
By Andrea Shalal WASHINGTON (Reuters) – World Bank President David Malpass on Thursday told Reuters he decided to leave before his five-year contract ended because he felt work was well underway on reforms aimed at expanding the bank’s lending. In his first interview since announcing his departure on Wednesday, the former Bear Stearns chief economist …
Exclusive-World Bank’s Malpass on surprise exit: Four years is a long time Read More »
By Eva Mathews and Helen Coster (Reuters) -Paramount Global Inc will raise prices for its flagship streaming service in some markets this year, the CBS network owner said on Thursday, amid an extended weakness in the advertising market that has pressured revenue. Shares in Paramount, formerly known as ViacomCBS, were down 1.5% in a broadly …
Paramount to raise streaming prices as ad slump knocks revenue Read More »
By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) -Standard Chartered raised its performance goals, unveiled a new $1 billion share buyback and produced a 28% rise in annual profit as global interest rate rises bolstered its lending revenues. StanChart said almost half its 10% overall income growth came from interest, as central bank rate hikes …
StanChart launches $1 billion buyback, lifts targets as rising rates buoy income Read More »
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Kazuo Ueda, the government’s nominee to become the next Bank of Japan (BOJ) governor, will speak at a confirmation hearing at the lower house of parliament on Feb. 24, a ruling party official said on Thursday. Markets will monitor the hearing for clues on how the 71-year-old …
BOJ nominee Ueda to address Japan’s lower house on Feb. 24 Read More »
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s central bank kept its key interest rate unchanged on Thursday, pausing after six consecutive hikes and stressing that the current level should be sufficient to guide inflation back to target, while also revising up its economic growth outlook. Bank Indonesia (BI) left the benchmark 7-day …
By Neil Jerome Morales and Karen Lema MANILA (Reuters) -The Philippine central bank opted to deliver a big 50-basis point rate hike on Thursday and flagged the likelihood of more rate increases at its next meetings to get a grip on inflation, which soared to a fresh 14-year high last month. The Bangko Sentral ng …
Philippine central bank delivers 50 bps hike to cool inflation Read More »
COLOMBO (Reuters) -Sri Lanka raised electricity prices by 66% on Thursday, in a move the government hopes will persuade the International Monetary Fund to provide a bailout for its crisis stricken economy. The increase, announced by Power and Energy Minister Kanchana Wijesekera, comes after the government raised electricity prices by 75 percent last year, and …
Sri Lanka hikes power prices by 66% hoping to gain IMF support Read More »
By Hyunsu Yim and Joyce Lee SEOUL (Reuters) – As the company behind K-pop royalty BTS seeks to build a big stake in a prominent rival for close to $900 million, a vocal activist fund is playing a leading role in the target’s all-out efforts to stay independent. The fund, Align Partners, is fronting a …
By Yantoultra Ngui and Anshuman Daga SINGAPORE (Reuters) – U.S. private equity firm TPG is in advanced talks to buy Malaysian private education assets owned by regional buyout firm KV Asia Capital in a deal that could be worth more than $300 million, three sources with knowledge of the matter told Reuters. An agreement could …
TPG in talks to buy $300 million Malaysian education assets from KV Asia -sources Read More »
