Danish shipping giant Maersk posted a huge drop in net profit for the first quarter on Thursday as Yemeni rebel attacks force it to avoid the vital Red Sea route.
The world economy is expected to expand by 3.1 percent this year, up from a previous projection in February of 2.9 percent, according to the the Organization for Economic Cooperation and Development.
Microsoft pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia on Thursday to help develop the country's AI infrastructure.
The group unveiled a fresh $3.5-billion stock buyback and forecast capital expenditure this year would reach between $22 billion and $24 billion.
The lawsuit filed by eight newspapers, including the New York Daily News and Chicago Tribune, is focused on the usage of ChatGPT and Microsoft's Copilot assistant, which are integrated into various Microsoft products such as the Windows operating system and the Bing search engine.
Under increasing pressure over the revelation that Gensler's SEC had viewed Ether as a security before it refused to answer Congress regarding the matter, the House Committee on Financial Services has scheduled a hearing on SEC enforcement next week.
Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employees, will disband two departments and lay off most of the employees from the groups, reported the Information late Monday.
For months, the US central bank has maintained its benchmark lending rate at a 23-year high to cool demand and rein in price increases -- with a slowdown in inflation last year fueling optimism that the first cuts were on the horizon.
MicroStrategy is not anywhere near giving up on its Bitcoin strategy just because others are panic selling their stash as the tech firm announced purchasing over a hundred more BTC this month.
The amount included more than $7 billion already spent on repairs and compensation for about 430,000 affected people, it added.
Musk was seeking to overturn restrictions imposed on him by the Securities and Exchange Commission (SEC) following a 2018 post on Twitter, now X.
The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia's fourth-largest economy.
The company has openly acknowledged it cannot correct inaccurate information produced by its generative AI tool and has failed to explain where the data comes from and what ChatGPT stores about individuals, said the group.
Zhao, a Canadian, resigned from his post at the world's largest cryptocurrency exchange platform late last year as part of a deal with US authorities.
Built alongside an existing 1,150-kilometer (715-mile) line erected in 1953 that already moves about 300,000 barrels of oil per day, it was meant to increase market access for the world's fourth largest oil exporter and get a better return for Canadian crude.
Quinn, 62, who streamlined HSBC to focus more on Asia, has decided to pursue a portfolio of business interests that allow him to have more time with family, HSBC said in a statement alongside quarterly results.
Indonesia is Southeast Asia's biggest economy and has a population of around 280 million across its sprawling archipelago, with a growing demand for data centers and AI tech in the region.
The figures are unlikely to stop the European Central Bank (ECB) from cutting interest rates in June as expected, according to economists despite the growth figure.
