The acquisition of the discredited Swiss bank Credit Suisse by compatriot and industry peer UBS is a strong signal to people who believe that the financial markets are not yet in crisis, says analyst Hebe Chen of IG Markets. She writes that the fall of Credit Suisse exposed “the rotten […]
Google has announced a new suite of features that work with advanced artificial intelligence (AI). For example, Google now has tools that help users write emails or texts based on a few keywords. With the new functions, Google hopes to compete with generative AI programs such as ChatGPT and Dall-E, […]
Despite massive protests, judicial reform in Israel continues to progress rapidly. A special parliamentary committee approved a law change on Monday, making it much more difficult to declare a prime minister incompetent. According to media reports, Benjamin Netanyahu’s right-wing conservative government plans to accelerate other vital elements of the controversial […]
Major steel mills in southeastern Turkey are resuming operations after production was halted earlier due to devastating earthquakes. According to the Turkish Steel Industry Association, almost all factories in the cities of Iskenderun and Osmaniye are restarting operations. The factories are close to the epicentre of the quakes but suffered […]
Ukraine reports Monday that it has downed 13 of the 15 explosive drones that Russia fired at night. The drones were Iranian-made. The supplies of Western anti-aircraft guns help Kyiv effectively repel such attacks. “The Russian invaders attacked Ukraine with Shahed-131/136 drones from the north,” the Ukrainian army said. “In […]
The German airline Lufthansa will introduce a new luxury product on long-haul flights in 2024: a fully lockable suite for two people, with the option of unfolding a double bed. However, the sister company Brussels Airlines has no plans in that direction. Lufthansa presented its new long-haul product ‘Allegris’ on […]
SpaceX’s flight, which should have departed Monday morning from Florida to the International Space Station (ISS), is still grounded. A technical error in the ground system threw a spanner in the works two minutes before take-off. There would have been problems with the fuel supply needed to launch. The four […]
Taiwan’s Foreign Minister Joseph Wu has met with senior US government representatives in Washington for rare security policy talks. The talks included US Deputy Secretary of State Wendy Sherman and the head of the East Asia Department, Daniel Kritenbrink, Taiwanese news agency CNA reported. China protested Wednesday against the United […]
Negotiations within the Organization for Economic Co-operation and Development (OECD) about a digital tax – a tax on internet giants such as Google, Meta and Amazon – have stalled due to opposition from the United States, among others. That is what the French Minister of the Economy, Bruno Le Maire, […]
Elon Musk, the owner of Twitter, says late 2023 will be “good timing” to find a new CEO for the company. Musk indicates that Twitter’s organization needs to be more stable and financially sound, with a clear product roadmap. According to Reuters, he said that in response to a question […]
