Article content BEIJING — Safeguarding the Dutch economy and cyberspace is a key priority for the Netherlands, Deputy Prime Minister and Foreign Minister Wopke Hoekstra said in China on Tuesday as Western governments adopt an increasingly defensive stance towards Beijing. Hoekstra was the first Dutch minister to visit China since the world’s second-largest economy reopened […]
Article content WASHINGTON — President Joe Biden on Monday will announce he plans to nominate attorney Anna Gomez for a key fifth seat on the U.S. Federal Communications Commission (FCC), after Democrats had been stymied since 2021 from getting a majority on the five-member telecommunications regulator, sources told Reuters. Gomez, a Democratic telecommunications attorney, currently […]
Article content ROME — Italy on Monday earmarked 30 million euros ($33 million) to improve the skills of unemployed people as well as those workers whose jobs could be most at risk from the advance of automation and artificial intelligence. According to the Fondo per la Repubblica Digitale (FRD), set up in 2021 by the […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Lewis Krauskopf Published May 14, 2023 • 3 minute read Join the conversation Article content NEW YORK — A U.S. stocks rally is leaving behind smaller companies, a sign that investors may be bracing for economic turmoil ahead. The small-cap Russell 2000 is […]
Article content Shares of cryptocurrency- and blockchain-related companies fell in early trading hours on Monday after Binance halted its bitcoin withdrawals for several hours due to heavy volumes and rising processing fees. The halts pushed bitcoin, the world’s biggest cryptocurrency, down 2% to a one-week low of $27,900. Article content Crypto exchange Coinbase Inc fell […]
Article content Lyft Inc shares tumbled nearly 20% on Friday as the ride-hailing company’s strategy to claw back market share from rival Uber with lower fares stoked concerns about a hit to its profit margins. At least 16 analysts slashed their price targets on a stock that has widely underperformed the market this year. Article […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Krystal Hu Published May 04, 2023 • 2 minute read Join the conversation Article content Shopify Inc has divested the logistics arm it built over the past few years, in a reversal of its strategy of aggressively investing in fulfillment networks, the Canadian […]
Article content ADDIS ABABA — Ethiopia will issue up to five banking licenses to foreign investors in the next five years, part of plans to open up the financial services sector to foreign competition, a senior central bank official said on Wednesday. Prime Minister Abiy Ahmed’s government has promised to open up sectors previously controlled […]
Article content A pioneer of artificial intelligence said he quit Google to speak freely about the technology’s dangers, after realizing computers could become smarter than people far sooner than he and other experts had expected. “I left so that I could talk about the dangers of AI without considering how this impacts Google,” Geoffrey Hinton […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Lewis Krauskopf Published Apr 30, 2023 • 3 minute read Join the conversation Article content NEW YORK — Economically sensitive areas of the U.S. stock market are flashing warnings over growth, even as major equity indexes edge higher. The S&P 500 is up […]