Tag: fast
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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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Tuchel says England’s Saka still recovering from injury, needs managing for World Cup
June 10 : Bukayo Saka is still recovering from an Achilles injury and needs to be carefully managed ahead of the World Cup, England manager Thomas Tuchel said.The 24-year-old forward sustained the injury in March, but played through the discomfort to feature for his club Arsenal towards the end of the season
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German retailers expect only modest boost from World Cup
BERLIN, June 10 : German retailers expect the soccer World Cup starting on June 11 to provide a modest boost to sales, though the impact will likely be limited to specific sectors because the tournament is being held outside Germany, retail association HDE said on Wednesday.A survey of around 400 companies by
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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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Japan petition takes aim at Trump manga, anime posts
TOKYO: Almost 20,000 people have signed an online petition in Japan to protest against US President Donald Trump and the White House using manga and anime characters in posts on social media.In the latest example, a video on Truth Social uploaded on Saturday depicts Trump as ninja Naruto Uzumaki from “Naruto”
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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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Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise
TOKYO, June 10 : Japan’s Asics on Wednesday said it will spin off its high-end Onitsuka Tiger business, a key driver behind four straight years of record profit thanks to a tourism boom and a surge in demand for its retro-inspired sports shoes. Under the plan, the nearly 80-year-old Onitsuka Tiger business wi
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Indonesian central bank says governor briefs foreign investors following surprise rate hike
JAKARTA, June 10 : Indonesia’s central bank has briefed investors from Europe, the United States and Asia following its surprise rate hike, senior deputy governor Destry Damayanti told Reuters on Wednesday.On Tuesday, Bank Indonesia raised interest rates by 25 basis points in a rare off-cycle move to 5.50 per
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Stokes weighing England captaincy future after nightclub incident – reports
June 10 : England captain Ben Stokes is considering his leadership future following his involvement in a nightclub incident that has prompted an investigation by the country’s cricket board (ECB), according to media reports on Tuesday.• On Monday, the ECB said Stokes and fast bowler Gus Atkinson were under
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