Business
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The regulators didn’t identify weaknesses in the plans from Bank of New York Mellon Corp., Wells Fargo & Co., State Street Corp. or Morgan Stanley.  more
The Bank for International Settlements BIS has slashed its expectation of retail CBDC launches by 2029 to 6 from 11, but it noted that wholesale CBDC pilots have spiked in the past two years. … more
Lee Soo-man, founder of South Korean multinational entertainment agency SM Entertainment, urged industry participants to increase the adoption metrics for AI in the creative sector. [...] Read … more
Africa's Continental AI Strategy explores the potential use cases for AI in areas like education, skills acquisition, agriculture, manufacturing, and finance. [...] Read More... The post … more
The British Columbia government has filed a class-action lawsuit against manufacturers of so-called "forever chemicals," involved in what it calls widespread contamination of drinking-water systems. more
McDonald’s and Wendy’s have vexed budget-conscious consumers, and chains like Chili’s and Olive Garden are ready to take advantage. more
Miguel Diaz, who previously led payment systems at the Bank of Mexico, will head the new hub, which will serve North America, the Caribbean, and Latin America. [...] Read More... The post BIS … more
India's PM Narendra Modi highlighted the usage of AI for human progress and how the rise of technology in various aspects of human life has also reaffirmed the importance of cybersecurity. … more
Bootstrappers have the luxury of focusing obsessively on their products and answering to no one, says Jotform founder Aytekin Tank. more
Standard Chartered will soon launch a spot Bitcoin and Ethereum trading desk, expanding its digital asset services for institutional clients. The post Standard Chartered set to debut spot Bitcoin, … more
Gen Z are ditching the rate race and opting to become NEETs—not in employment, education, or training—creating record levels of youth unemployment around the world. more
Softbank founder Masayoshi Son dumped his entire stake in Nvidia after a crypto downturn hurt sales to miners—now he wants to make good with a huge bet on artificial super intelligence. more
Standard Chartered is launching a spot Bitcoin trading desk in London, becoming one of the first major banks to offer direct Bitcoin trading amid growing institutional demand. more
Programmable payments refer to the automation of payments based on specific conditions, while programmable money is a broader concept whereby the digital currency itself can have embedded rules. … more
Company offers a single platform that merges FinOps with CloudOps to provide policy-based ‘governance by default’ FinOps X – Kion, the leading automated CloudOps platform for multicloud, today … more
The United Arab Emirates and Samsung's first aim is to increase AI adoption metrics, while the second revolves around providing AI experts to bolster the ranks of local and international firms. … more
The illegal service, which offered access to popular series like Game of Thrones, only cost 9.99 per month, according to court documents. more
The Banking Business Proclamation and the NBE Proclamation will be presented before the House of Peoples' Representatives for final approval after a public consultation and a parliamentary debate. … more
CDK informed customers Thursday of the incident, which occurred late the prior evening. more
The juggernaut that controls 90% of AI-critical semiconductors passed Apple and Microsoft to be worth $3.23 trillion. more
Chief financial officers see enormous potential in AI to predict revenue, automate routine tasks, and save money. more
The remote-work rebellion continues at Dell after the tech giant implemented a strict return-to-office mandate earlier this year. more
Dogecoin supporter Elon Musk is working toward the launch of a Twitter payments service, but it reportedly doesn’t feature crypto for now. more
“While the government won, the Moores’ backers effectively achieved some important and disquieting successes for the future,” one tax expert said. more
Using recycled heat, Marathon is warming a town in Finland using Bitcoin mining. more
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