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At Toronto tech show, second thoughts emerge over AI
Months after the spectacular launch of ChatGPT, the AI revolution is well underway but hints of caution are emerging, especially over letting one or two companies reign supreme.
UBS to cut 35,000 jobs after Credit Suisse rescue: report
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
Biden unveils election battle plan: 'Bidenomics'
President Joe Biden is making a big bet on the US economy powering him to re-election next year with the unveiling of a "Bidenomics" pitch to voters this week. At the top of Biden's pitch is his impressive list of legislative victories during the last two years.
Over $200bn in Covid-19 small business loans stolen: US govt. watchdog
The United States lost more than $200 billion to fraud from two schemes designed to help small businesses through the Covid-19 pandemic, according to a US government watchdog report.
Klimt's last portrait sets European record in £74 mn auction
The last portrait painted by Gustav Klimt was sold in London on Tuesday for £74 million ($94.3 million), setting a new European art auction record. The previous auction record for an artwork sold in Europe was for Alberto Giacometti's "Walking Man I", which went for £65 million in February 2010.
UK, EU sign delayed financial services pact
Britain and the European Union signed a long-awaited cooperation pact on financial services regulation on Tuesday in a new sign of improving post-Brexit relations between the two sides.
US new home sales post surprise jump in May
New home sales in the United States surged unexpectedly in May, the Commerce Department said Tuesday, reaching the highest rate in over a year despite efforts to cool the economy. The median price of new homes sold also picked up to $416,300 in May, the Commerce Department added.
Ugandans sue TotalEnergies for reparations in France
Twenty-six Ugandans on Tuesday sued French oil giant TotalEnergies in Paris for reparations over alleged human rights violations at its massive megaprojects in the country, as climate protesters targeted its UK headquarters.
Macron under fire from left over latest jobs jab
French President Emmanuel Macron on Tuesday faced accusations of minimising the problems of unemployment after he told the mother of a jobseeker that her son could easily find work. Macron asked the woman during a walkabout in Marseille on Monday after she said her son, 33, could not find work and was in rent arrears.
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