Author: Press Room

Lawyers for former President Donald J. Trump filed an emergency request to a federal appeals court on Thursday seeking to lift the gag order imposed on him in the criminal case in which he stands accused of trying to overturn the 2020 election.The lawyers asked the appeals court to keep the pause of the order in place until it reaches a final decision on whether the order should have been issued in the first place.“No court in American history has imposed a gag order on a criminal defendant who is actively campaigning for public office — let alone the leading…

Elon Musk thinks AI would most likely be a force for good — but there’s a 20% chance the tech could go bad.Musk, who was in conversation with UK Prime Minister Sunak, also said AI would make jobs obsolete.Musk, an OpenAI cofounder, is an outspoken advocate of AI regulation. 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 Elon Musk thinks AI can mostly do positive things for humankind — but he is also saying there’s a non-zero chance of the tech being a force…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shareholders in Australian airline Qantas have voted against the company’s executive pay and bonus scheme, with 83 per cent of investors refusing to back the advisory remuneration report.“It is clear there’s been a substantial loss of trust in the national carrier and we understand why,” outgoing chair Richard Goyder told shareholders at the company’s annual meeting on Friday after what he called an “overwhelming” vote against the pay policy.Under Australia’s “two strikes” rule, a vote can be held to dissolve the board…

© Reuters. FILE PHOTO: The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. REUTERS/Aly Song/File Photo BEIJING (Reuters) – China’s commerce minister told Micron Technology Inc (NASDAQ:)’s president Beijing would welcome the U.S. semiconductor company deepening its footprint in the Chinese market, signally a further thaw in relations between the world’s top two economies. In a meeting on Nov. 1, Commerce Minister Wang Wentao told Sanjay Mehrotra, President and CEO of Micron Technology, that China will optimize the environment for foreign investment and provide service guarantees for foreign enterprises, according to a…

© Reuters. Societe Generale (OTC:) reported a decrease in its third-quarter 2023 net profit to €295 million ($313.3 million) from €1.45 billion in the same period last year. The bank’s revenues also experienced a 6.2% drop to €6.2 billion. These reductions were primarily attributed to the impact of short-term hedges on net interest income from its French retail, private banking, and insurance sectors. Despite these decreases, the bank’s Q3 results surpassed FactSet analysts’ expectations. The bank’s operating expenses rose by less than +1%, driven by goodwill impairment and a provision for Deferred Tax Assets. The increase in operating expenses was…

© Reuters. Investing.com– Gold prices steadied on Friday as traders hunkered down before key nonfarm payrolls data, with the yellow metal headed for a weekly loss as risk appetite improved in the wake of dovish signals from the Federal Reserve. While gold saw some relief from a drop in the and , this was largely offset by traders dumping the yellow metal in favor of more risk-driven assets, particularly stocks and currencies. Gold was also hit with some profit taking this week, after increased safe haven demand, following the onset of the Israel-Hamas war, saw bullion prices jump over 10%…

Meanwhile, the Judo Bank Australia Composite PMI fell to 47.6 in October 2023 from 51.5 in the prior month, final data showed. It was the lowest reading in 10 months driven by a solid decline in activity across Australia’s private sector. The fall in business activity was due to decrease in new orders, weak demand climate, inflationary pressures and high interest rates. New export business was down, and for the eighth successive month.

Sen. Chris Murphy, D-Conn., took to social media Thursday to admonish Israel for what he called an “unacceptable and unsustainable” rate of civilian death amid its ongoing invasion of Gaza, and urged the country to “immediately reconsider its approach” to destroying Hamas.”It’s time for Israel’s friends to recognize that the current approach is causing an unacceptable level of civilian harm and does not appear likely to achieve the goal of ending the threat from Hamas,” Murphy said in a lengthy statement posted on X.”As we have learned from America’s own counterterrorism campaigns, disproportionately large numbers of civilian casualties come with…

Solar is arguably one of the market’s most sold-off industries at the moment, with the Invesco Solar ETF falling more than 42% YTD as the industry struggles to find growth in a high-rate environment. With implied Fed funds futures suggesting interest rates will remain above 5% through Q2 2024 before slowly dropping to the 3.75% range by year-end 2025, the industry is still facing a high-rate environment with more possible adverse demand effects for multiple quarters ahead. SolarEdge and Enphase are among the S&P 500’s worst performers this year, falling more than 70% each; a significant weakening in US demand…

The first FT-Statista ranking of UK recruitment agencies recommended by clients and peers. Plus: widening candidate pools using AI; the benefit of perks; yawning skills gaps; extending diversity beyond ethnicity