Tech News

US Fed likely to hike rates again as banking fears resurface

The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th -- and possibly final -- time on Wednesday, as it looks to bring down inflation while aiming to prevent fresh banking concerns from spreading.. With the Federal Open Market Committee (FOMC) widely expected to raise its base rate by a quarter-point on Wednesday, analysts and traders are instead keeping a keen eye out for any change to the Fed's forward guidance on interest-rates.

Wed, May 3, 2023 3 mins read

Tech News

Tech industry allowing 'deluge' of misinformation: RSF

Journalism is being battered by propaganda and increasingly sophisticated fakes, aided by AI software and a failure of oversight from tech companies, Reporters Without Borders (RSF) said Wednesday. . The report used the example of Midjourney, an AI programme that generates high-quality images that are "feeding social media with increasingly plausible and undetectable fake 'photos'", such as those of Donald Trump being manhandled by police and a comatose Julian Assange in a straitjacket that recently went viral. 

Wed, May 3, 2023 2 mins read

Tech News

Asian stocks down after Wall Street losses

Asian stocks were down on Wednesday following losses on Wall Street fuelled by fears of banking sector turmoil and jitters over interest rates.. Meanwhile, US regional bank stocks logged another day of plummeting values on revived fears for the sector spurred by the failure of yet another lender -- First Republic Bank -- and its takeover by JPMorgan Chase.

Tue, May 2, 2023 2 mins read

Tech News

At 75, Israel's economy offers success or inequality

Now 75 years old, Israel models itself as an economic success story, a leader in business, agriculture and advanced technologies -- despite glaring inequalities that have left many Israelis behind.. To highlight its commercial successes, Israel, a nation born on May 14, 1948, can point to enviable economic performances.

Tue, May 2, 2023 3 mins read

Tech News

Where football and politics mix: Chile's 'Palestino' football club

Thousands of miles away from conflict in the Middle East, the Palestinian flag flies on a cold autumn night at a football stadium in the Chilean capital, Santiago.. The Chilean club finances football schools for boys and girls in the Palestinian territories.  axl-vel/mlr/caw

Tue, May 2, 2023 3 mins read

Tech News

White House calls in tech firms to talk AI risks

The White House plans to meet with top executives from Google, Microsoft, OpenAI and Anthropic on Thursday to discuss the promise and risks of artificial intelligence.. Musk's founding of what appears to be a rival to OpenAI came despite him recently joining tech leaders and AI critics in calling for an overall pause in the development of artificial intelligence.

Tue, May 2, 2023 2 mins read

Tech News

Apple and Google aim to expose Bluetooth tracker abuse

Apple and Google on Tuesday proposed a tech standard to make sure people get tipped off when their movements are being tracked with Bluetooth devices like AirTags or Tile.. A proposal Apple and Google submitted to a leading internet standards development organization would make Bluetooth tracking devices compatible with detection and alert systems in iOS and Android mobile software.

Tue, May 2, 2023 2 mins read

Tech News

Ford reports solid profits but sees pricing strength ebbing

Ford reported solid quarterly profits Tuesday behind higher vehicle volumes and an improved operating performance, but said vehicle pricing was becoming less favorable compared with last year.. Tuesday's results were the first under Ford's new reporting structure that includes separate financial details for EVs. The division, which Ford has likened to a startup, experienced an operating loss of $722 million compared, offset by profits in the other two Ford businesses. 

Tue, May 2, 2023 1 mins read

Tech News

Google clashes with Brazil over disinformation bill

The Brazilian government accused Google Tuesday of "deceitful and abusive propaganda" against a bill to tackle disinformation online, ordering the US tech giant to stay out of the debate or label its positions as advertising.. "No one should be manipulating Brazilians' freedom of expression," Dino told a news conference, accusing Google of abusing its platform to promote its own position.

Tue, May 2, 2023 2 mins read

Tech News

Fresh rout of US regional banks despite First Republic deal

Shares of US regional banks suffered deep losses on Wall Street Tuesday, dashing hopes that the resolution of First Republic's woes would end the crisis.. While the FDIC move prompted a sigh of relief, leading regional banks notably suffered losses on Monday in what turned out to be a forerunner of Tuesday's much worse session.

Tue, May 2, 2023 2 mins read