Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The upheaval that hit the top ranks of pioneering AI company OpenAI on Friday has brought something that, only a day before, would have been hard to imagine. Leadership in generative artificial intelligence, the tech industry’s most important innovation in years, has suddenly been thrown into question — and a scramble now seems likely as new alliances form around some of the AI industry’s most prominent names.The San Francisco-based company behind ChatGPT shocked the tech world with the abrupt announcement that it…
Warning: M is at high risk of cutting its dividend
Ron DeSantis’ move to shut down pro-Palestinian campus groups is receiving pushback both from civil libertarian groups and at least one 2024 presidential hopeful.Earlier this week, the American Civil Liberties Union (ACLU) filed a lawsuit against the Florida governor’s administration arguing its demand for public universities to “deactivate” local Students for Justice in Palestine chapters is an attempt to “stifle” student speech protected by the First Amendment.A spokesperson for the governor stood by DeSantis’ decision in light of the lawsuit, saying he was right “to disband a group that provides material support to a terrorist organization.” But a DeSantis’ rival for…
Chick-fil-A opened the first physical location of Little Blue Menu, a new restaurant, in Maryland.Little Blue Menu serves many Chick-fil-A items, as well as chicken wings and burgers.I visited the restaurant to see if the chicken wings were any good. 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 Chick-fil-A attracts crowds for its fried chicken sandwiches. But the company is trying to prove that it can do other things well through a new restaurant.The company opened its first permanent location of Little Blue Menu…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The billions of euros being earned by Europe’s commercial lenders in interest on their vast deposits at central banks is penalising savers, the head of the Bundesbank has said.Joachim Nagel told an audience of mostly bankers in Frankfurt that the region’s lenders had become “less reliant on customer deposits than they used to be”. The reason for that was the “significant” excess of reserves they still held at central banks across the region — a side-effect of years of aggressive monetary easing…
© Reuters. Jim Chanos, Founder and Managing Partner of Kynikos Associates LP speaks at the Reuters Global Investment Outlook summit at the Thomson Reuters building in New York, November 19, 2013. REUTERS/Mike Segar/File Photo (Reuters) -After nearly four decades, Jim Chanos is shutting down hedge funds he manages that wager against companies he believes are overpriced or fraudulent, the Wall Street Journal reported on Friday. His firm, Chanos & Co, manages less than $200 million today, down from $6 billion in 2008, the report said. Chanos expects to return most of his investors’ cash by Dec. 31, it said. “It…
The government has declassified a secret intelligence program that clandestinely recorded prison yard conversations of Khalid Shaikh Mohammed, who is accused of being the mastermind of the Sept. 11, 2001, attacks, as prosecutors seek to supply evidence that could be used at an eventual trial.The move comes as prosecutors have considered new ways to counter claims by defense lawyers that torture by the C.I.A. contaminated subsequent F.B.I. interrogations of Mr. Mohammed and his accused accomplices to produce confessions the government considers its most important trial evidence. It also shed light on an eavesdropping operation whose existence has until now never…
This summer saw a lot of smoke pouring over the border from Canadian wildfires.But conifers — including cone-bearing evergreens favored as Christmas trees — shouldn’t be affected.Despite the dry, smoky summer, there isn’t a Christmas tree shortage, two experts 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 By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Over the summer, smoke from Canadian wildfires seeped over…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.South African petrochemicals group Sasol was forced to cancel its annual meeting on Friday after climate activists stormed the stage, interrupting chief executive Fleetwood Grobler as he tried to address shareholders.The group was facing a shareholder rebellion after two of the country’s big investment managers, Ninety One and Old Mutual Investment Group, warned that they would vote against the company over environmental targets.They have been critical of the company, South Africa’s second-biggest greenhouse emitter, for what they say is its lack of…
© Reuters. Tesla, X (formerly known as Twitter) and SpaceX’s CEO Elon Musk speaks with members of the media during the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. Leon Neal/Pool via REUTERS/File Photo (Reuters) – X Corp will be filing a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the social media platform, soon after major U.S. companies paused their advertisements on his social media site. Media watchdog Media Matters earlier this week said it found that corporate advertisements by IBM…