International Financial News

Last year, when he was a college student majoring in computer science and interning at SpaceX, Luke Farritor began working on a problem that captivated many of the world’s brightest young minds, one that could only be solved with machine learning, computer vision and the latest advances in artificial intelligence. He wanted to read a bunch of 2,000-year-old papyrus scrolls. These scrolls known by the seductive name of the Herculaneum papyri have been unreadable since Mount Vesuvius erupted in 79 A.D.

money laundering case against former Mumbai NCB zonal director Sameer Wankhede taking cognisance of a CBI FIR in an alleged Rs 25-crore bribe demand from superstar Shah Rukh Khan's family to spare his son in a drugs case, official sources said Saturday. The central agency has booked the case under the Prevention of Money Laundering Act (PMLA), they said. Some former Narcotics Control Bureau (NCB) officials have also been summoned. Wankhede, a 2008-batch Indian Revenue Service (IRS) officer of the Customs and Indirect Taxes cadre, has moved the Bombay High Court seeking protection from any coercive action by the anti-money laundering agency.

Gold rate today: On account of hawkish rhetoric from various US Fed officials and the resilience of the US dollar index on stimulus buzz ahead of the US presidential elections this year, gold prices continue to trade sideways for yet another week. In the week gone by, the gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry ended at ₹62,303 per 10 gm level whereas in the international market, the precious yellow metal finished at $2,024 per ounce.

The first suit, filed in October, charged Genesis and its former CEO Soichiro Moro, its parent company, DCG, and DCG’s CEO Barry Silbert with defrauding investors and the public by trying to conceal more than $1.1 billion in losses, which were borne by investors. The suit has been amended after more DCG investors came forward claiming they had been misled about the safety of their investments, says AG James. “After months of false promises, we pulled the curtain back and revealed that DCG was lying to investors and defrauding them out of billions,” says Attorney General James. “The fraud and deceit were so expansive that many additional people have come forward to report similar harm.” The suit relates to a failed partnership between Gemini and DCG unit Genesis on the former's Earn interest-bearing product.

Solo Leveling fans as Episode 6 is set to premiere on Sunday, February 10, 2024. Before delving into Shun Mizushino's next adventure, here's what you need to know.

Processed food and drinks have internationally been subject to voluntary caps on fat, salt and sugar. Front-of-package labelling has been used to effectively signal health choices, and sin taxes have been deployed to deter consumption. India has a demerit tax on sugary drinks, but is yet to get its manufacturers to cut back on sugar levels prevalent in Europe, the US or even in Singapore.

A former TikTok executive is alleging she was retaliated against and fired from her position because the company’s China-based owners determined she “lacked the docility and meekness” required of female employees

Astronauts from Turkiye, Italy and Sweden returned to Earth on Friday, ending a private three-week mission to the International Space Station. The trio were accompanied by a retired NASA astronaut who now works for Axiom Space, the Houston company that arranged the chartered flight. The crew returned in a SpaceX capsule that parachuted into the Atlantic off the Florida coast. Turkiye celebrated Alper Gezeravci's launch from Cape Canaveral last month. A former fighter pilot and captain for Turkish Airlines, he became the first person from his country to fly in space.

THE NEXT TIME you find yourself baffled by some of the airlines listed on an airport departure board, consider this: More than 300 international airlines operate worldwide—even if you always fly the same three or four giants. Though behemoths dominate the industry, some bantamweight contenders stand out as viable alternatives. Their pitch: These (mostly new) boutique airlines, which limit flights to just a few strategic destinations, promise not only savings but a better ride.

It’s pretty unusual to find a junior investment banker in a supermarket at the weekend.  This is partly because it’s unusual to find a junior investment banker anywhere outside the office at the weekend, but also because if they do have some free time, they’ll usually spend it doing something more glamorous.  Mohammed Zina is apparently built different. When he joined Goldman Sachs in 2014, he kept his weekend job at Sainsbury’s.

Canada’s largest communications company is ending multiple television newscasts and making other programming cuts after its parent company announced 4,800 layoffs and the sale of 45 of its 103 regional radio stations

German chemical company BASF says it's speeding up the sale of stakes in two joint ventures in China after its local partner was accused in media reports of human rights abuses

Joe Biden lashed out at reporters and special counsel Robert Hur on Thursday night. In an extremely critical report, Hur observed that the 81-year-old head of state appeared diminished mentally, forgetting the dates of key events in his life. He also said in his report that the handling of classified documents renewed scrutiny of his fitness for office ahead of the Presidential Election in 2024.

Silent Donor is flourishing just as the privacy debate for contributors heats up, especially for those using donor-advised funds to anonymously give to their favorite, and sometimes controversial, causes while also getting a tax break

Taylor Swift's "Eras Tour" has been a challenge since its inception in 2023, and as the international leg kicks off in 2024, the struggle persists. Swift's devoted fanbase ensures that ticket sales are a frenzy, with access codes required just to enter the ticketing process. Even then, securing tickets is far from guaranteed, often leading fans to turn to the secondary market where prices are significantly inflated. Similarly, acquiring tickets to the Super Bowl is no easy feat. The event typically sells out quickly through a lottery system, leaving many fans to resort to the resale market where prices soar into the thousands of dollars, even for the cheapest seats.

legal risk, cyber risk and the impact artificial intelligence and machine learning (AIML) will have on the banking system as these new technologies take shape for a larger role in public like Reserve Bank of India (RBI) deputy governor T Rabi Sankar said. Sankar who oversees the department of fintech, currency management and department of payment and settlement systems at the RBI among others said banks as risk managers have to be aware of the changes AIML will bring even as they figure out the implementation of these technologies in day to day operations. He suggested that it would be better if the training of people and upgrade of systems can be co-ordinated between banks by industry bodies like the Indian Banks’ Association (IBA) because the nature of AIML technology is very different from before.

Ravindra Jadeja captioned a graphic plate, which contained a message in Gujarati, on his X, which read, "All the things said in the nonsense interview are meaningless and untrue. It is a one-sided story and I completely deny the allegations. The attempts made to tarnish the image of my wife are truly reprehensible and unbecoming.

SocGen is cutting 947 jobs in Paris before summer and people there are not happy. But SocGen's traders have gone through the dark days of winter and are out the other side. However, they are not as cosy as they were before.

Prime Minister Narendra Modi announced on Friday, February 9, that the late Indian agricultural scientist MS Swaminathan, along with former Prime Ministers PV Narasimha Rao and Chaudhary Charan Singh, would be posthumously conferred the Bharat Ratna award.

If your thoughts align ours, then check out our article where we have shared a list of the best trolley bags in India. From American Tourister to Skybags and Safari, we have covered almost all the popular brands in the market. Once you find the luggage bag that suits your requirements, you can place your order with the help of the given buying link.

terrorist attack on Israel on October 7th, and the outbreak of war in Gaza, there has been a sharp increase around the world in reports of antisemitic incidents. The Anti-Defamation League (ADL), an NGO based in New York City, says that in the two weeks after the attack the number in America quintupled compared with the same period last year. Britain and France have reported similar spikes.