Sunday, June 14

Tag: finance

21May By AdminsNo Comments

Boss of a $52 billion investment bank turns to AI to replace 8000 ‘lower-value human capital’

The boss of a $52 billion investment bank has described a plan to slash 8000 jobs over the next four years as a reduction in "lower-value human capital". Standard Chartered chief executive Bill Winters told reporters this week there would be job "reductions in favour of machines, and that will accelerate as we go forward into AI (artificial intelligence)". "It's not cost-cutting," Winters said. Standard Chartered chief executive Bill Winters is planning to shed some of the company's "lower-value human capital". (Bloomberg) "It's replacing, in some cases, lower-value human capital with the financial capital and investment capital we're putting in." The comments are the latest public admission from a major financial or tech institution on the rapid path towards g...
Read More
13May By AdminsNo Comments

‘I don’t think about Americans’ financial situation’: Donald Trump

Donald Trump has brushed off the financial concerns of American voters when asked about his continuing war with Iran. The president was asked by a reporter if he was motivated to make a deal with Iran because of the financial situation of Americans. "Not even a little bit," he replied. Donald Trump has brushed off the financial concerns of ordinary Americans. (AP) "The only thing that matters when I'm talking about Iran — they can't have a nuclear weapon. "I don't think about Americans' financial situation. "I don't think about anybody. I think about one thing: We cannot let Iran have a nuclear weapon. That's all." Democrats have pounced on Trump's remarks, which come months before November's midterm elections. "Donald Trump just said it hi...
Read More
8Jan By AdminsNo Comments

Trump says US to get up to 50 million barrels of oil from Venezuela at market price

President Donald Trump said “interim authorities” in Venezuela would sell between 30 million and 50 million barrels of “high quality” oil to the US at its market price. “I have asked Energy Secretary Chris Wright to execute this plan, immediately,” Trump posted on Truth Social. “It will be taken by storage ships, and brought directly to unloading docks in the United States.” Trump said the money would be controlled by him as president, but would be used to benefit the people of Venezuela and the United States. President Donald Trump walks off stage after speaking to House Republican lawmakers during their annual policy retreat. (AP) Separately, the White House is organising an Oval Office meeting with oil company executives regarding Venezuela. Representative...
Read More
28Jul By AdminsNo Comments

Australia faces nervous wait as Trump’s tariff deadline looms

Australia is no closer to learning whether it will be hit by a higher tariff by the United States, despite President Donald Trump saying he'll be handing down fresh duties later this week. The so-called "reciprocal" tariffs were paused for 90 days, and the White House has recently announced deals with a slew of partners, including the UK, China, Vietnam, Indonesia, the Philippines, Japan and, as of this morning, the European Union. However, an Australian deal is yet to be announced ahead of the pause expiring on Friday. Donald Trump's tariffs have caused uncertainty in financial markets. (Getty) Australia is currently subject to a baseline 10 per cent tariff, but what that figure will be as of Friday is unclear. Trump said last week he would be sending out lett...
Read More
6Jul By AdminsNo Comments

Tears of the UK’s treasury chief spooked financial markets

The weekly session in which the British prime minister is questioned by lawmakers in Parliament can be an ordeal for the government leader. For Cabinet members, it’s usually simply a matter of backing their boss. But on Wednesday the spotlight ended up on Chancellor of the Exchequer Rachel Reeves during the Prime Minister's Questions session because it became evident that she was crying as she sat beside Prime Minister Keir Starmer. This screen grab of Chancellor of the Exchequer Rachel Reeves, right, crying as Prime Minister Keir Starmer speaks during Prime Minister's Questions in the House of Commons, London, Wednesday July 2, 2025. (House of Commons/AP) It's not known what triggered the tears, later said to have been personal. They came as Starmer sought to ...
Read More
7Apr By AdminsNo Comments

Tariffs will make sneakers, jeans and almost everything Americans wear cost more, trade groups warn

Sending children back to school in new sneakers, jeans and T-shirts is likely to cost US families significantly more this fall if the bespoke tariffs President Donald Trump put on leading exporters take effect as planned, American industry groups warn. About 97 per cent of the clothes and shoes purchased in the US are imported, predominantly from Asia, the American Apparel & Footwear Association said, citing its most recent data. Walmart, Gap Inc., Lululemon and Nike are a few of the companies that have a majority of their clothing made in Asian countries. A worker sews a garment at Pro Sports factory in Nam Dinh province, Vietnam (AP) Those same garment-making hubs took a big hit under the president's plan to punish individual countries for trade imbalances. ...
Read More
On Cloud Sneakers | Lucchese Outlet | Oboz Canada | Freebird Boots | Born Shoes | Topo Shoes | Crispi Boots | Dingo Boots | LaCrosse Boots | Lems Shoes | Brahmin Bags | Hobo Handbags | Marc Jacobs Outlet | Inez Shoes | Julbo Sunglasses | Copenhagen Schuhe | Affenzahn Schuhe | Inkkas Shoes | Hawx Boots | Black Jack Boots | Olathe Boots | Meindl Boots UK | Giesswein Schuhe | Camper Shoes | Radley London Handbags | Lowa Wanderschuhe | Hammitt Handbags | Bionica Shoes | Elten Schuhe | Dolomite Schuhe | Hispanitas Zapatos | Franks Boots | Loake Shoes UK | Royer Boots Canada | Ara Schuhe | CMP Schuhe | Premium Leather Handbags | Geox Schuhe | Hoff Schuhe | Idyllwind Boots |