State-sponsored Chinese hackers have infiltrated critical US infrastructure networks, the United States, its Western allies and Microsoft said Wednesday while warning that similar espionage attacks could be occurring globally.. They said a "state-sponsored cyber actor" from China was behind Volt Typhoon and that the hacking was likely occurring globally.
Singapore's economy posted better-than-expected results in the first quarter of 2023, official data showed Thursday, but the government warned that the global outlook remains gloomy.. It warned, however: "Downside risks in the global economy have risen."
Ratings agency Fitch put the United States on notice Wednesday that its perfect credit rating could be jeopardized if the White House and Republican opposition fail to overcome their impasse on raising the nation's borrowing limit, a week before a key deadline.. Fitch placed the country's AAA-ranked credit on "rating watch negative" -- a move it said "reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit" before June 1.
By hosting Republican Ron DeSantis's presidential campaign launch, Elon Musk sets up Twitter as a challenger to Fox News, but doubt remains that the right-wing pivot is a winning ticket for the platform.. DeSantis's choice of outlet for his Wednesday announcement follows news that ousted Fox News star Tucker Carlson will move his show to Twitter, and Daily Wire, a conservative news outlet, has also said Twitter will host its video and podcasts.
US Federal Reserve economists still expected a "mild recession" at the most recent interest-rate meeting earlier this month, according to minutes of the meeting published Wednesday.. The views highlighted in the minutes align with the public statements given by voting FOMC members since the interest-rate decision earlier this month.
Built some 1,700 years ago by the pre-Hispanic Nazca people of Peru, an ingenious aqueduct system of wood and stone still provides farmers with water to this day.. "It helps us to irrigate," said farmer Nicolas Quispe, 39, who waters his potatoes from the Nazca aqueduct system "thanks to the ancient farmers who had this advanced technology."
The EU and Google want voluntary rules on AI before a new law comes into force in the bloc to regulate the rapidly advancing technology, the bloc's industry commissioner Thierry Breton said Wednesday.. "We agreed that we cannot afford to wait for the AI law to come into force and to work together with all AI developers to introduce a voluntary pact," Breton told AFP after holding talks with Google CEO Sundar Pichai in Brussels.
Citi announced Wednesday that it will launch an initial public offering of its Mexican business Banamex, shifting away from a plan to possibly divest the operation.. Mexican President Andres Manuel Lopez Obrador had been among those focused on the fate of Banamex after Citi first announced plans to exit Banamex in January 11, insisting that the works remain in Mexico.
The White House and Congressional Republicans are still locked in crunch talks to try and avert the first debt default in US history, which Treasury officials have warned could come as soon as June 1. . The nonpartisan Congressional Budget Office estimated recently that around $25 billion in payments to military personnel, civil servants and others are due on June 1.
Taiwan's Quanta Computer confirmed it had "investment plans" in Mexico on Wednesday after the governor of Nuevo Leon announced the company would pump an additional $1 billion into his state.. Quanta's statement comes a day after the governor of the northern Mexican state of Nuevo Leon announced an investment of "$1 billion more" from the company after a successful pilot project.
