Author: Press Room

© Reuters. Aluminium Bahrain (Alba), one of the largest smelters globally, is considering a secondary listing on the Saudi Exchange (Tadawul) as part of its broader business strategy. The company is weighing this decision in light of the government’s forthcoming decisions regarding supply and prices for a five-year period. The potential listing on Tadawul is projected to take place by the end of 2024, according to Chairman Khalid Al Rumaihi’s confirmation to the Arabic daily Akhbar Al Khaleej. Today, the company’s shares are listed on the Bahrain Bourse and London Stock Exchange. The secondary listing on Tadawul has been under…

© Reuters. FILE PHOTO: A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. REUTERS/Lucas Jackson/File Photo A look at the day ahead in U.S. and global markets from Mike Dolan World markets are trying to calibrate last week’s steep rally in stocks and bonds – tempering some of the overcaffeinated rate cut hopes that emerged but sustaining the bulk of the gains and lapping up a fresh oil price slide. With Federal Reserve officials unlikely to commit either…

Justin Sullivan/Getty Images News Meta Platforms (NASDAQ:META) is restricting political campaigns and advertisers in other regulated industries from using its new generative AI advertising products, Reuters reported The move denies access to these tools that lawmakers have warned could speed up spread of election misinformation. Meta’s advertising standards prohibit ads with content which have been debunked by the company’s fact-checking partners, however do not have any rules specifically on AI, the report added. “As we continue to test new Generative AI ads creation tools in Ads Manager, advertisers running campaigns that qualify as ads for Housing, Employment or Credit or…

David C. Weiss, who negotiated an ill-fated plea deal with President Biden’s son Hunter, is set to defend his investigation before the House Judiciary Committee on Tuesday, the first time a special counsel has agreed to field queries from Congress before concluding an inquiry.Mr. Weiss, the Trump-appointed U.S. attorney in Delaware, plans to use the interview to counter claims that he brokered a sweetheart deal with Hunter Biden under pressure from the White House. He is also set to dispute a whistle-blower’s allegation that he once complained that he had not been given full authority to prosecute Hunter Biden on…

Warren Buffett’s Berkshire Hathaway has been doubling down on its investments in Japan.Paul Morigi/Getty Images for Fortune/Time Inc Stock investors rediscovering Japan these last two years are suddenly being reminded why they stayed away so long. Asia’s No. 2 economy has been on a tear with global investors thanks to an unlikely “safe haven” halo. Despite underwhelming national growth, flatlining wage growth and the globe’s worst debt burden, Japan stacked up favorably to an inflation-wracked U.S., a Covid-lockdown-plagued China and a lethargic Europe. The Bank of Japan, meantime, has generally remained in easing mode as the vast majority of global…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The next financial crisis is likely to be in the “shadow” non-bank lending sector, UBS chair Colm Kelleher has said, warning that the growth of lightly regulated private markets since the 2008 crisis is a “real cause for concern”. Speaking at a finance conference in Hong Kong on Tuesday, Kelleher said he was making the remarks “at the risk of upsetting half the people in the room, some of whom are clients and competitors”. However, he said, a large share of financial…

© Reuters Investing.com — U.S. futures drop as traders attempt to gauge the staying power of a recent rally on Wall Street. WeWork files for bankruptcy following a post-COVID downturn in demand for office space , while UBS reports its first quarterly loss since 2017 on expenses tied to its shotgun marriage with rival Credit Suisse. 1. Futures slip U.S. stock futures dipped on Tuesday, pointing to some pullback from recent gains, as investors weighed the relative strength of the rally. By 04:58 ET (09:58 GMT), the contract had shed 88 points or 0.3%, lost 11 points or 0.3%, and slid…

© Reuters. India stocks lower at close of trade; Nifty 50 down 0.03% Investing.com – India stocks were lower after the close on Tuesday, as losses in the , and sectors led shares lower. At the close in NSE, the declined 0.03%, while the index fell 0.03%. The best performers of the session on the were Sun Pharmaceutical Industries Ltd. (NS:), which rose 1.82% or 20.95 points to trade at 1,170.95 at the close. Meanwhile, Bharat Petroleum Corp. Ltd. (NS:) added 1.79% or 6.55 points to end at 372.80 and NTPC Ltd (NS:) was up 1.40% or 3.30 points to…

chiewr/iStock via Getty Images Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) is experimenting two additional generative AI features in YouTube after it unveiled new AI tools for the video platform in September. The two features are Comment topics summarized by AI and a conversational AI tool. If a user is a Premium member, they may be eligible to test these experiments, according to a blog post by YouTube’s Community Manager Hazel. The company is experimenting with an AI that organizes large comment sections of long-form videos into easily digestible themes. If a user is part of this experiment, when they open the comment section…

House Judiciary Committee investigators are set to question Special Counsel David Weiss Tuesday morning amid whistleblower allegations that politics influenced or hampered prosecutorial decisions in his years-long investigation into Hunter Biden. Weiss, who has been leading the investigation into the president’s son since 2018, back when he served as U.S. attorney for the District of Delaware, will voluntarily testify behind closed doors at the House Judiciary Committee Tuesday morning at 10:00 a.m.His interview comes after a number of current and former Justice Department officials related to the Hunter Biden probe have testified behind closed-doors at the committee, led by Chairman Jim…