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Lanon Wee
Oct 20, 20233 min read
Reductions in Staff: Large Financial Institutions Cutting Thousands More
Despite the economy proving to be surprisingly strong, various lending institutions have either reduced their staff or expressed plans to...
Lanon Wee
Oct 20, 20234 min read
Airwallex Establishes a Presence in Latin America with Mexico Agreement Amidst US-China Discord
Airwallex, a global fintech giant with investments from Tencent and Li-Kashing, Hong Kong's wealthiest individual, has acquired Mexican...
Lanon Wee
Oct 19, 20233 min read
Nokia Announcing Plans to Cut Costs by Eliminating up to 14,000 Jobs
Finnish telecommunications company Nokia is planning to trim between 9,000 and 14,000 roles by the close of 2026 to reduce expenses. It...
Lanon Wee
Oct 19, 20232 min read
Spider-Man PS5 Developer Discusses Stories, Game Length, and Future Plans
This week marks the release of the highly-anticipated Spider-Man 2 on the PlayStation 5 console. Many have commended the open-world...
Lanon Wee
Oct 19, 20233 min read
Coinbase Chooses Ireland as Base for EU Regulation as U.S. Authorities Increase Oversight
Exclusively telling CNBC, Coinbase--a cryptocurrency exchange--has decided on Ireland as its main operational and regulatory center in...
Lanon Wee
Oct 19, 20233 min read
Typical Family's Net Worth Soars 37% During Pandemic, Highest Increase in History, According to Fed
The Federal Reserve's latest Survey of Consumer Finances, released on Wednesday, indicated an expansion of 37% in the median net worth of...
Lanon Wee
Oct 19, 20233 min read
Coinbase Chooses Ireland as Primary EU Regulatory Base Amid U.S. Enforcement
Exclusively to CNBC, Coinbase has chosen the Republic of Ireland as its main operational and regulatory center in the European Union....
Lanon Wee
Oct 19, 20232 min read
TSMC Exceeds Revenue and Profit Forecasts for Q3
TSMC announced a NT$211 billion profit for the third quarter on Thursday, a decrease for the second consecutive quarter due to weakened...
Lanon Wee
Oct 19, 20232 min read
Nokia to Reduce Staff by 14,000 Following 69% Drop in Profit
Nokia declared that it would let go of up to 14,000 personnel as part of a cost-saving program following third quarter financial results...
Lanon Wee
Oct 19, 20235 min read
The Legal Profession and AI: Are They on the Verge of a Transformation?
In the event of a court case to decide if society should accept or reject artificial intelligence (AI), it is likely the jury would be...
Lanon Wee
Oct 19, 20232 min read
Google Reduces Staff in News Department
This week saw Google reducing its news division workforce by a minimum of 40 positions, as reported by CNBC. The firm has had to scale...
Lanon Wee
Oct 19, 20231 min read
Lawsuit Alleges Anthropic's AI Chatbot Claude is Posting Lyrics to Popular Songs
Universal Music has taken legal action against Anthropic, the AI business, alleging a "mass and continual infringement of their...
Lanon Wee
Oct 19, 20232 min read
Netflix Shares Increase as Profits Exceed Estimates, Ad-Based Subscriptions Increase
Netflix shares surged more than 12% when the company revealed its earnings. An increase in sign-ups was attributed to their recent...
Lanon Wee
Oct 19, 20234 min read
Microsoft's AI assistant can attend meetings on your behalf
Microsoft will make their ChatGPT-style AI assistant accessible to everyone starting 1 November, after successful testing. Microsoft 365...
Lanon Wee
Oct 19, 20232 min read
Tesla to Announce Third-Quarter Earnings After Trading Closes
Elon Musk's electric car company is due to release its third-quarter earnings results Wednesday after the market closes.LSEG data shows...
Lanon Wee
Oct 19, 20233 min read
Sales of iPhone 15 in China Appear Lackluster as Holiday Shopping Looms
Signs of weak demand for Apple's most current iPhones are being noticed by analysts and investors one month after their release, compared...
Lanon Wee
Oct 19, 20232 min read
ChatGPT Offers Image Responses and Web Search Capabilities
OpenAI has officially introduced the ability for ChatGPT to browse the internet in real-time. Until recently, ChatGPT's capabilities have...
Lanon Wee
Oct 19, 20231 min read
Amazon Initiates Drone Delivery of Medications in Texas
Those residing in College Station, Texas, may now utilize Amazon Pharmacy for the delivery of certain prescription medicines via drone....
Lanon Wee
Oct 19, 20233 min read
Expectations for Fed Chair Powell's Thursday Speech
Jerome Powell, Federal Reserve Chair, is poised to give a key policy speech Thursday afternoon in New York. The concept of "higher for...
Lanon Wee
Oct 19, 20232 min read
Waller Discusses a Wait-and-See Approach to Interest Rates
Federal Reserve Governor Christopher Waller signaled on Wednesday that the central bank has sufficient room to delay rate hikes as they...
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