financial-sector
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Meta Fined $1.3 Billion Over Data Transfers to US – Wsj
Date: May 22, 2023
Meta fined $1.3 billion over data transfers to US – WSJ (Reuters) – Facebook owner Meta Platforms Inc has been fined $1.3 billion by European Union privacy regulators for sending user information to the United States, the Wall Street Journal reported on Monday. (Reporting by Shivani Tanna in Bengaluru; Editing by Saumyadeb Chakrabarty)...
Bt to Cut up to 55,000 Jobs by 2030 as Fibre and AI Arrive
Date: May 18, 2023
BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive By Paul Sandle LONDON (Reuters) -BT Group, Britain’s biggest broadband and mobile provider, will cut up to 55,000 jobs including contractors by 2030 – potentially over 40% of its workforce – as it completes its fibre roll-out and adapts to new...
Volatile Banking Sector Saw Big Moves From Funds in First Quarter
Date: May 16, 2023
NEW YORK (Reuters) -Fund managers zeroed in on the U.S. financial sector during the first quarter, a period during which lenders’ shares were rocked by volatility following the worst banking crisis since 2008, regulatory filings showed on Monday. The S&P Regional Banking Index fell approximately 25% during the quarter as a run on deposits sank...
King Charles Greets Wellwishers Outside Palace Before Coronation
Date: May 5, 2023
King Charles greets wellwishers outside palace before coronation LONDON (Reuters) -Britain’s King Charles and his son William greeted wellwishers outside Buckingham Palace in central London on Friday, a day before Charles’ formal coronation ceremony. Charles left the palace gates in his royal car before stopping halfway down the Mall, where fans are camped out ahead...
BBVA’s Q1 Net Profit Rises 39% on Lending Income and Mexico
Date: April 27, 2023
BBVA’s Q1 net profit rises 39% on lending income and Mexico By Jesús Aguado MADRID (Reuters) – Spain’s BBVA on Thursday said its first quarter net profit rose 39.4% from the same quarter in 2022 thanks to a solid performance in Mexico, its main market, which offset the impact from a banking tax in Spain....
US Ftc Leaders Will Target AI That Violates Civil Rights or Is Deceptive
Date: April 19, 2023
US FTC leaders will target AI that violates civil rights or is deceptive WASHINGTON (Reuters) – Leaders of the U.S. Federal Trade Commission said on Tuesday the agency would pursue companies who misuse artificial intelligence to violate laws against discrimination or be deceptive. The sudden popularity of Microsoft-backed OpenAI’s ChatGPT this year has prompted calls...