Behind the glittery facades of London’s Selfridges and New York’s Chrysler Building, Austrian property billionaire René Benko assembled a financial time bomb. Benko’s Signa Group, which bought stakes in the two trophy assets and amassed a €27bn ($29bn) property portfolio, racked up at least €13bn in debt during the years when the cost of borrowing
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Montana lawmakers passed a bill on Friday banning TikTok from operating in the state amid growing concerns about the app’s suspected ties to the Chinese government. The bill was passed by the state House in a 5443 vote and now heads to Gov. Greg Gianforte’s desk. If Gianforte signs it into law, Montana will become
Loading… Loading… Loading… AfterMicrosoft MSFT PresidentBrad Smithdismissed the development of any super-intelligent Artificial Intelligence (AI) within the next 12 months, the tech giantannounced a $3.2 billion investment in the U.K. What Happened: Microsoft'sU.K. investment is for artificial intelligence infrastructure and training, which will be spread over the upcoming three years. This marks the company's largest
By Vijay Kumar Malesu Dec 6 2023 Reviewed by Lily Ramsey, LLM In a recent study published in Scientific Reports, a group of researchers investigated the association between race and outcomes (mortality and intensive care unit (ICU) admission) in Coronavirus Disease-2019 (COVID-19) hospitalizations in California. Study: Racial difference in mortality among COVID-19 hospitalizations in California. Image
Remember the EV3? — The Morgan XP-1 is an extremely eccentric English electric vehicle The three-wheel convertible EV weighs little so should actually be quite efficient. Alex Goy – Dec 6, 2023 9:00 am UTC Enlarge / The British car company Morgan is unashamedly throwback in many regards, but it hasn’t forgotten about electrification.Morgan reader
Loading… Loading… The Ronin crypto wallet mobile app integrated Binance Pay to its interface, enabling users to directly import funds from Binance exchange accounts to their wallets. What Happened: Ronin is one of the first few wallets using this new technology, after Binance Web3 Wallet and Trust Wallet. This feature allows users to automatically convert
Development risk — NASA says SpaceXs next Starship flight could test refueling tech SpaceX appears on track for at least a preliminary propellant transfer test next year. Stephen Clark – Dec 6, 2023 1:06 am UTC Enlarge / A crane is attached to one of several Starship test vehicles at SpaceX’s Starbase facility in South
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK ministers are set to pick veteran TV executive Samir Shah as BBC chair to replace Richard Sharp, the former Goldman Sachs banker who resigned this year. Shah has had a 40-year career in TV
Loading… Loading… Loading… Forbes, known for celebrating the achievements of young entrepreneurs, disclosed its eponymous "30 Under 30" list of finance leaders. Of the individuals who made the list, 14 slots were occupied by professionals either working in or with ties to the crypto sector. The number is down from the prior years crypto bull
Convergence — Dont count on NASA to return humans to the Moon in 2025 or 2026, GAO says No surprise: SpaceX’s lunar lander and Axiom’s spacesuits pace the Artemis III schedule. Stephen Clark – Dec 4, 2023 11:43 pm UTC Enlarge / A crescent Earth rises over the horizon of the Moon in this view
Family matters — Hackers stole ancestry data of 6.9 million users, 23andMe finally confirmed Majority of impacted users are now being notified, 23andMe confirmed. Ashley Belanger – Dec 4, 2023 10:48 pm UTC EnlargeBloomberg / Contributor | Bloomberg reader comments 92 It’s now been confirmed that an additional 6.9 million 23andMe users had ancestry data
so very wrong — Texas sues Pfizer with COVID anti-vax argument that is pure stupid Texas Attorney General Ken Paxton struggles with relative vs. absolute risk. Beth Mole – Dec 4, 2023 11:13 pm UTC Enlarge / Texas Attorney General Ken Paxton.Getty | Brett Coomer/Houston Chronicle reader comments 178 Texas Attorney General Ken Paxton sued
Loading… Loading… Loading… Artificial Intelligence is likely to be adopted in the coming years across all major industry sectors, but its the banking industry that analysts believe has the most to gain. While banks are likely less attractive places of employment for AI technologists than developers such as Amazon.com Inc AMZN or OpenAI, financial services
Loading… Loading… Loading… Standard Chartered ADR SCBFY Bank (China) announced itinitiated the offering of digital yuan exchange services to customers. What Happened: The multinational banks China division is working with City Bank Clearing Services to give customers access to the digital yuan's interconnection platform, offering recharge and redemption. The digital yuan is China's central bank
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of Airbus has said the group “might need some support” from European governments for a new, multibillion-dollar commercial aircraft programme as it gears up for a successor to its best-selling A320 family of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chair of Rockefeller International Though Indian Prime Minister Narendra Modi is in his 10th year in office, his position is as strong as ever. The Bharatiya Janata party’s overwhelming election victories in
There will be blood. And fire — Tensions rise between Targaryens in first teaser for House of the Dragon S2 “There is no war so hateful to the gods as a war between kin.” Jennifer Ouellette – Dec 2, 2023 11:51 pm UTC reader comments 57 It’s House Targaryens vs House Hightower in the second
Getting CRISPRy — New algorithm finds lots of gene-editing enzymes in environmental DNA Some are related to DNA-cutting enzymes. Others are a complete mystery. Diana Gitig – Dec 2, 2023 1:00 pm UTC Enlarge / The protein structure of CAS, shown with nucleic acids bound.Bang Wong, Broad Institute reader comments 59 CRISPRClustered Regularly Interspaced Short
Loading… Loading… Loading… Artificial Intelligence is likely to be adopted in the coming years across all major industry sectors, but its the banking industry that analysts believe has the most to gain. While banks are likely less attractive places of employment for AI technologists than developers such as Amazon.com Inc AMZN or OpenAI, financial services
Loading… Loading… Loading… Standard Chartered ADR SCBFY Bank (China) announced itinitiated the offering of digital yuan exchange services to customers. What Happened: The multinational banks China division is working with City Bank Clearing Services to give customers access to the digital yuan's interconnection platform, offering recharge and redemption. The digital yuan is China's central bank