A jury in New York has convicted former President Donald Trump of all 34 felonies stemming from his personal attorney Michael Cohen’s hush money payment to porn star Stormy Daniels prior to the 2016 election. Trump,77, is the first president of the United States to face criminal conviction. Three other criminal cases are ongoing against…
In a late-stage trial, Johnson & Johnson’s experimental medication helped patients with major depressive disorder (MDD) experience less sleeplessness and depression symptoms, the firm stated in a statement. Seltorexant was the medication being tested in this research on individuals who suffered from both sleeplessness and depression. Even with the usage of widely prescribed antidepressant medications,…
WeWork plans to file for bankruptcy in the hopes that having less debt and locations will revitalise the company. Founded in 2010 and originally heralded as the future of the workplace, the firm that leases out shared office spaces experienced financial losses during its rapid worldwide development. Due to the pandemic-induced dramatic decline in the…
The European Union’s securities watchdog stated in its first AI statement that banks and investment companies cannot avoid boardroom responsibilities and a legal commitment to safeguard clients when employing artificial intelligence (AI). On Thursday, the European Securities and Markets Authority (ESMA) outlined how financial institutions subject to EU regulations inside the 27-nation bloc can employ…
As early as this week, the Saudi Arabian state oil company Aramco intends to issue a new offering of between $10 and $20 billion of its shares, the Wall Street Journal reported late Tuesday, citing people with knowledge of the situation. The bulk of Aramco is owned by the Saudi Arabian government and its sovereign…
PwC signed an agreement with OpenAI on Wednesday to become the largest business customer and the company’s first reselling partner in the artificial intelligence space. The Microsoft-backed company, ChatGPT Enterprise, is a business-focused version of its generative AI chatbot that the Big Four accounting firm says its U.S. and U.K. companies had inked a deal…
As part of the internet giant’s attempt to strengthen its cloud offering in Europe, Amazon’s computing company AWS is in negotiations with Italy to spend billions of euros in the growth of its data centre business in the nation, according to four individuals familiar with the situation. The sources state that talks are still on…
Africa is the main target of China’s flagship economic cooperation programme, which is reviving after a hiatus during the worldwide pandemic, according to a Reuters examination of credit, trade, and investment statistics. Chinese officials have been pointing to the record two-way commerce and billions of dollars allocated to new development projects as proof of their…
S&P Global said on Monday that banks that operate in lower-tier cities may be at danger from China’s current efforts to revitalise its flagging real estate market. A S&P Global research states that while the measures announced earlier this month, such as lowering down payment requirements and eliminating the mortgage rate floor, are likely to…
With a registered capital of 344 billion yuan ($47.5 billion), China has established its third planned state-backed investment fund to support its semiconductor sector, as per a registration with a government-run enterprises registry. President Xi Jinping’s ambition for China to become self-sufficient in semiconductors is placed into perspective by the hundreds of billions of yuan…
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