Switzerland’s Federal Criminal Court found Credit Suisse and a former employee guilty of not being able to prevent money laundering in what is the country’s first criminal trial of one of its biggest banks. The trial, which included testimony about deaths and cash stashed into bags, is considered as a litmus test for prosecutors considering a harder…
The Bank for International Settlements (BIS), the world’s central bank umbrella organisation, has urged for interest rates to be hiked “soon and firmly” to avoid inflation from worsening. The Swiss-based BIS recently conducted its annual meeting, where senior central bankers convened to discuss their present challenges and one of the most tumultuous beginnings to a…
The hacking tools of an Italian company were used to spy on Apple and Android handsets in Italy and Kazakhstan, Alphabet’s Google reported on Thursday. According to the article, the Milan-based RCS Lab, whose website lists European law enforcement agencies as clients, built tools to eavesdrop on the targeted devices’ private communications and contacts. Google’s…
The latest version of Amazon’s Alexa voice assistant may sound uncannily similar. During its annual re:MARS conference, which focuses on artificial intelligence innovation, the business said on Wednesday that it is working on an update to its Alexa system that will allow the technology to mimic any voice, including that of a deceased family member.…
Instagram is looking into new ways for teens to verify their age and adhere to site policies. As a new age-verification approach, the Meta-owned app is testing video selfies with facial analysis algorithms. Some Instagram users attempt to circumvent the 13+ age restriction by altering their date of birth to appear older than 18. However,…
Exxon Mobil CEO Darren Woods wants the US government to assist promote some of the sustainable energy breakthroughs his business is researching, such as biofuels and direct air carbon dioxide absorption. In an interview with CNBC’s David Faber, the CEO of one of the world’s top oil and gas firms stated that direct air capture,…
Toyota, the Japanese automaker, has issued a safety recall for over 2,000 of its all-electric SUV, the bZ4X. The recall, which was announced on Thursday, is for the bZ4X’s wheels. Toyota stated that owners of the car would be alerted via a variety of means beginning June 23. The company’s Tokyo-listed shares finished 0.7 per…
The sale of all products sold by Juul, one of the country’s leading e-cigarette businesses, is prohibited in the United States. The Food and Drug Administration (FDA) stated that it lacked sufficient data to determine if marketing the firm’s products were “appropriate for the protection of public health.” Juul stated that it will contest the…
BMW Said On Thursday That Manufacturing Has Officially Commenced At A New Factory In China With A 15 Billion Yuan ($2.24 Billion) Investment As The Carmaker Boosts EV Production. The Lydia Plant, Located In The Northeastern City Of Shenyang, Liaoning Province, Would Expand BMW’s Annual Output In The World’s Largest Auto Market To 830,000 Vehicles…
On Wednesday, Mark Zuckerberg, CEO of Meta Platforms, told CNBC’s Jim Cramer that the metaverse may be a significant component of the social network operator’s business in the second half of the decade. “We hope to basically get to around a billion people in the metaverse doing hundreds of dollars of commerce, each buying digital…
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