French tech firms warn immigration curbs could threaten AI ambitions
Senior bosses at leading French technology firms have warned curbs to immigration proposed by the far-right National Rally party pose a threat to the country’s ambition to become Europe’s leading AI hub. After heavy losses for his Renaissance party at the weekend’s European Parliament election, President Emmanuel Macron called snap elections for the lower house of parliament, […]
More consumer data safeguards needed, watchdog tells US Congress
The head of the top U.S. watchdog agency for consumer finance on Wednesday called on lawmakers to adopt greater protections against the collection and use of consumers’ data from payment processing and so-called buy-now-pay-later services. Rohit Chopra, director of the U.S. Consumer Financial Protection Bureau, delivered his first testimony on Capitol Hill since a Supreme Court […]
Alexander Hamilton’s bank is getting a new name: BNY
Bank of New York Mellon (BK.N), opens new tab is embracing BNY as its new moniker, it announced on Tuesday. The company also unveiled block-lettered signs with the three-letter name across its major offices. Since it was founded 240 years ago by Alexander Hamilton, a U.S. founding father further immortalized in a Broadway musical, BNY has grown […]
Exclusive: Major world economies seek to halt new private sector coal financing
Some of the world’s major economies want to finalise a plan ahead of this year’s U.N. climate summit to halt new private sector funding for coal projects, five sources with direct knowledge of the matter told Reuters. If approved, the draft proposal by the Organisation for Economic Co-operation and Development, would be the first move […]
Morning Bid: US check on sub-4% jobless, China imports slow
After a frenetic week of G7 interest rate cuts, new records for stocks, another scramble for AI and a wave of elections, world markets have frozen awaiting the U.S. employment report. The May payrolls report comes just ahead of next week’s Federal Reserve meeting and most of the labor market updates in recent days have indicated a gradual cooling in […]