Tag: Business
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Half of Americans fear AI could put someone in their household out of work, Reuters/Ipsos poll finds
WASHINGTON, June 10 : Half of Americans fear that the rise of AI could put them or someone in their household out of work, according to a new Reuters/Ipsos poll that also showed widespread angst at how widely the technology is being adopted.The six-day survey, completed on Monday, found that 53 per cent of Am
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The Onitsuka Tiger story: From an octopus-inspired sole to a Nike link
Onitsuka Tiger’s predecessor, Onitsuka Co, was founded in post-World War II Japan and produced basketball shoes as its first athletic footwear.
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Global AI debt issuance to top $500 billion in 2026, Morgan Stanley says
June 10 : Morgan Stanley forecasts AI-related global debt issuance to more than double to nearly $570 billion in 2026, pointing to rising bond supply and credit market activity as hyperscalers turn to alternative funding sources to meet massive AI-driven capex needs.Here are some details:• Tech compa
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Retail investors hit borrowing limits at South Korean brokerages, think tank says
SEOUL, June 10 : Leveraged stock investments by South Korean retail investors have reached their limits set at local brokerage firms as the country’s world-beating stock market rally stretches borrowing capacity, a think tank said on Wednesday. “There are caps at each brokerage firm, which are being strictly
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UK’s EnQuest expands Malaysian presence with $833 million assets deal
June 10 : North Sea-focused oil producer EnQuest agreed on Wednesday to buy interests in four offshore contracts in Malaysia for up to $833 million from state-run Petronas, as the British company expands its South East Asian presence. The deal comes as EnQuest and other energy firms grapple with Britain’s lev
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Global watchdog calls for tighter controls on agentic AI in finance
LONDON, June 10 : Global regulators said increasingly autonomous forms of AI could amplify risks for the financial system and called for new controls as adoption accelerates. The Financial Stability Board (FSB) in a report on Wednesday “strongly” encouraged boards to consider implementing safeguards to mitig
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South Korea has cleared SpaceX-IPO-linked dollar demand of around $1.5 billion, source says
SEOUL, June 10 : The massive demand for foreign exchange conversions tied to SpaceX’s IPO, which has weighed heavily on the South Korean won in recent weeks, has been cleared, a source familiar with the matter told Reuters on Wednesday.The estimated $1.5 billion in orders for dollar purchases has reached its
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What next for BP? Leadership exits test investor confidence in board oversight
An executive exodus at BP has sparked intense scrutiny from investors.
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Dollar holds steady as US-Iran tensions and inflation data loom
TOKYO, June 10 : The dollar held steady against its peers on Wednesday as markets remained on edge over the latest clash between the U.S. and Iran, while investors awaited key U.S. inflation data for clues on the Federal Reserve’s rate path.The U.S. military struck Iranian targets after President Donald Tru
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Ride-hailing app Bolt expands to Italy in bid to shake up underserved market
ROME, June 10 : Ride-hailing app Bolt launched operations in Milan on Wednesday in the first stage of a push to shake up the Italian urban transport market, which its CEO told Reuters remains heavily underserved despite the presence of U.S. rival Uber.Estonia-based Bolt will work with hundreds of drivers in M
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