Author: Press Room
Amazon is testing Agility Robotics’ humanoid robot, called Digit, in its warehouses.Agility Robotics says Digit can quickly adapt to existing warehouse floorplans.But the human form may not be the most ideal shape for warehouse tasks, Boston Dynamics’ CTO said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Amazon’s human workforce is getting to know their robot co-workers as the company begins testing Agility Robotics’ Digit in its US warehouses.Digit is a two-legged robot that can walk, lift boxes, and won’t come with many of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A lack of women in positions from which FTSE 100 chief executives are typically recruited means underrepresentation in top corporate jobs is set to continue, even at companies that employ a large proportion of women overall according to new research.Research by the 25×25 initiative, which is backed by companies including Unilever, BP and Morgan Stanley International, found that women account for only 19 per cent of FTSE 100 divisional heads — the position that 44 per cent of current FTSE 100 chief…
© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar started Monday on the front foot, with a reading on U.S. inflation and the Federal Reserve’s last policy meeting for the year likely to set the tone for the week, while rising deflationary pressure in China leant on the yuan. The greenback pushed back above 145 yen and last bought 145.12 yen, reversing some of its steep fall against the Japanese currency late last week, as bets grew that…
© Reuters. MELBOURNE – Chemist Warehouse Group (CWG) and Sigma Healthcare have announced a transformative merger agreement that will result in the creation of an $8.8 billion entity, marking one of Australia’s most significant healthcare sector consolidations. The deal, which includes a substantial $700 million cash component, will position the combined organization within the top 100 Australian companies and ensure its inclusion in the ASX200 index. The merger, set to redefine the pharmacy landscape, will see CWG founders Jack Gance and Mario Verrocchi assume board positions while retaining majority ownership in the new public entity. Vikesh Ramsunder is slated to…
© Reuters. FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo By Florence Tan SINGAPORE (Reuters) – Oil prices inched higher on Monday, extending gains for a second session as U.S. efforts to replenish strategic reserves provided some support, although concerns of crude oversupply and softer fuel demand growth next year lingered. futures rose 11 cents, or 0.2%, to $75.95 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude futures were at $71.30 a barrel, up 7 cents,…
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Federal prosecutors on Sunday asked the judge handling former President Donald J. Trump’s trial on charges of plotting to overturn the 2020 election to reject his request to freeze the case in its entirety as Mr. Trump appeals her recent ruling that he is not immune from prosecution.The prosecutors told the judge, Tanya S. Chutkan, that even as the former president’s appeal of the immunity decision moved forward, she should continue working on several of the unresolved legal issues in the case and not postpone the trial’s current start date of March 4.“During the pendency of the appeal, any number…
Kim Jong Un, Xi Jinping, and Vladimir Putin all agree on one thing: Women should give birth more.All three world leaders recently released statements appealing to women to produce more offspring.That drive to have women push out more babies has also been promoted by people like Elon Musk. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Some of the world’s most powerful men have agreed on one thing: Women need to get to work producing as many children as possible, stat.In the past month,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The European mortgage market is on course to grow at its slowest rate for a decade this year, as lower economic growth and higher borrowing costs weigh on demand for loans.Falling house prices across the eurozone are also a factor in EY’s forecasts that the mortgage market will grow by only 1.5 per cent this year and 2.4 per cent in 2024, compared with 4.9 per cent last year. The consultancy said rising interest rates — which reached a historic eurozone high of…
© Reuters. FILE PHOTO: Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/File Photo By Wayne Cole SYDNEY (Reuters) – Asian shares started cautiously on Monday ahead of a week packed with a quintet of central bank meetings and data on U.S. inflation that could make or break market hopes for an early and rapid fire round of rate cuts next year. An upbeat payrolls report has already seen investors scale back expectations for a March cut by the Federal Reserve, though May remains priced at a 76% chance.…