Author: Press Room

Swarms of killer drones are likely to soon be a standard feature of battlefields around the world. That has ignited debate over how or whether to regulate their use and spurred concerns about the prospect of eventually turning life-or-death decisions over to artificial intelligence programs.Here is an overview of how the technology has evolved, what types of weapons are being developed and how the debate is unfolding.How new are these weapons?Eventually, artificial intelligence should allow weapons systems to make their own decisions about selecting certain kinds of targets and striking them. Recent developments in A.I. tech have intensified the discussion…

Scissors cutting the word Tax – Tax cut conceptgetty Right now—today—we’re looking at a terrific buy window on 8%+ yielding closed-end funds (CEFs). Interest rates are maxed out (and let’s be honest, they’re likely headed lower from here—it’s just a question of when). That will drive up the appeal of CEFs, thanks to their outsized income streams. So now is a great time to take a look at these (too) often overlooked income generators. So today, we’re going to do just that. We’ll start by debunking a CEF myth called “return of capital,” or ROC, that has caused many investors…

getty The SECURE Act 2.0, enacted in late 2022, changed more than 90 rules about IRAs and other qualified retirement plans. The changes are phased in over several years. Here are some key changes that take effect in 2024 or took effect in 2023. For the first time, excess funds in a 529 education savings plan can be rolled over to a Roth IRA. There are limits to this rollover, as this article explains, but it can be useful for those who find that all the money in a 529 account isn’t likely to be used for education as originally…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK Supreme Court has ruled that Deliveroo riders cannot be recognised as employees or represented by trade unions for collective bargaining, in a landmark decision for the gig economy.The Independent Workers’ Union of Great Britain (IWGB), which has the largest membership of app-based couriers in the UK, had fought the case for more than seven years on behalf of tens of thousands of Deliveroo riders.In a unanimous judgment on Tuesday, five judges said the contracts between riders and the company did…

© Reuters. FILE PHOTO: View of the entrance to the headquarters of Monte dei Paschi di Siena (MPS), the oldest bank in the world, which is facing massive layoffs as part of a planned corporate merger, in Siena, Italy, August 11, 2021. Picture taken August 11, 2021. By Giuseppe Fonte and Valentina Za MILAN (Reuters) -Italy attracted strong interest from funds when it sold 25% of Monte dei Paschi di Siena (MPS) for 920 million euros ($1 billion) on Monday, advancing plans to re-privatise the world’s oldest bank two years after a failed first attempt. The sale is a testimony…

© Reuters. FILE PHOTO: Shoppers load a box of merchandise into a truck after visiting a Lowe’s hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. REUTERS/Mark Makela/File Photo (Reuters) – Lowe’s (NYSE:) Cos on Tuesday projected a bigger drop in annual same-store sales than previously expected, as inflation-hit consumers cut back spending on home-improvement projects, hitting the company’s key do-it-yourself (DIY) business segment. Shares fell about 4% in premarket trading as the demand slump also prompted the company to trim its annual earnings target, even as easing supply chain costs led to a third-quarter profit beat. Lowe’s saw a…

© Reuters. FILE PHOTO: A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) on their headquarters in Vienna, Austria, June 2, 2023. REUTERS/Leonhard Foeger/File Photo By Ahmad Ghaddar LONDON (Reuters) – Israel’s military offensive in Gaza that followed an Oct. 7 attack by the enclave’s ruling Islamist group Hamas has raised calls in the Middle East, particularly from OPEC member Iran, for using oil as a weapon to punish Israel. The conflict has led many analysts, oil market watchers and politicians to draw parallels with the 1973 OPEC embargo, when Arab oil producers cut off…

TransAlta declares raises dividend by 9.1% to CAD 0.06

© Reuters Market experts are monitoring the pair closely as it inches toward the key psychological threshold of 1.1000 after a period of sustained upward momentum. The currency pair recently achieved a high of 1.0951 and closed slightly higher, with traders now eyeing the imminent resistance around the 1.1000 mark. The euro’s ascent has been on analysts’ radars since last week, with predictions signaling a bullish trend aiming to break past the critical level of 1.0945. These expectations were confirmed when the euro surged past this level during New York trading yesterday, hinting at an impending challenge to the significant…

FIRST ON FOX: An internal memorandum circulated among lawmakers by Senate Commerce Committee Republicans highlights how the Biden administration is tying billions of dollars in taxpayer funds to “woke initiatives.” The memo, first obtained by Fox News Digital, was sent late Monday evening and spearheaded by Commerce Committee Ranking Member Ted Cruz, R-Texas, who is planning to author legislation that would prohibit the Department of Transportation (DOT) from tying federal funds to left-wing priorities. It particularly targets DOT’s management of three grant programs that serve as key vehicles to fund various types of surface transportation projects nationwide.”Billions upon billions of taxpayer…