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Apple Loses $113 Billion In Market Value As Regulators Close In
Regulators on both sides of the Atlantic are training their eyes on Apple Inc., unnerving investors with fears over fines and threatening its market dominance.
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Meta Concerned Over Telecom Bill’s Ambiguities, Fears Government Regulation of OTT Apps: Report
The Parliament passed the Telecommunications Bill, 2023, which seeks to amend the laws relating to telecommunication services and networks, on Thursday. The bill, introduced by Communications, Electronics and Information Technology Minister Ashwini Vaishnaw on December 13, would allow for the government to temporarily take control of telecom servic...
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"I Also Worry...": OpenAI CEO Sam Altman On AI Regulation
The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid global concerns about rapid advances in artificial intelligence, or AI.
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ASEAN Countries Said to Set Ethics 'Guardrails' With AI Governance Codes
Southeast Asian countries are drawing up governance and ethics guidelines for artificial intelligence (AI) that will impose "guardrails" on the booming technology. Regulators across the world are rushing to draft regulations to govern the use of generative AI, which can create text and images and is engendering excitement as well as fear about its ...
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IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
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ChatGPT's Popularity Worries US Lawmakers About Its Impact on National Security
ChatGPT, a fast-growing artificial intelligence program, has drawn praise for its ability to write answers quickly to a wide range of queries, and attracted US lawmakers' attention with questions about its impact on national security and education. It was created by OpenAI, a private company backed by Microsoft, and made available to the public f...
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FTX Bankruptcy: US Prosecutors Began Probing Crypto Exchange Months Before Collapse: Report
FTX was being probed by US federal prosecutors months before the crypto exchange collapsed earlier this month, according to a report. The beleaguered crypto exchange filed for US bankruptcy protection and its founder Sam Bankman-Fried resigned as chief executive, after rival exchange Binance walked away from a proposed acquisition. The implosion of...
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Coinbase CFO Says Full Contagion of FTX Bankruptcy Yet to Be Revealed: Report
Coinbase CFO Alesia Haas said on Wednesday that the full extent of the fallout on the crypto industry from the collapse of Sam Bankman-Fried's FTX was yet to come out. The fallen crypto exchange fifiled for bankruptcy protection in the US on Friday in the highest-profile crypto blowup to date, after traders pulled billions from the platform in thre...
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Rupee Crashes Further Against A Surging Dollar On Global Recession Fears
The rupee crashed early on Friday against a surging dollar on expectations of a jumbo-sized Federal Reserve rate hike next week.
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Asia's Factory Activity Slumps On China's COVID-19 Curbs, US Recession Fears
Asia's factory activity slumped in August as China's zero COVID curbs and cost pressures continued to hurt businesses, surveys showed on Thursday, darkening the outlook for the region's fragile economic recovery.
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Nifty, Sensex Gain, But End The Week With Losses On Global Recession Fears
Stock Market India: Equity benchmarks closed out with marginal gains on Friday, but ended the week with losses on rising global recession fears after poor economic data from Asia to Europe and Americas.
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How The Russia-Ukraine War Spooked Global Financial Markets: 10 Points
Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation", the war has thrown global financial markets into severe turmoil as the charts below show.
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India Has Around 115 Million Crypto Investors, Number May Rise Post Legal Clarity: KuCoin
In a new report, KuCoin crypto exchange has claimed that India currently has over 115 million crypto investors, making for 15 percent of its massive population. Majority Indian crypto investors are aged between 18 to 60. A key factor that is keeping people from investing in crypto is regulatory uncertainty prevailing in the country, as well as fear...
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Sensex, Nifty Crash 1.5% As Global Rate Hike Fears Mount
Stock Market India: Equity benchmarks slipped amid angst over global growth as most central banks keep raising rates.
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Stocks, Oil And Bond Yields Fall On Taiwan Political Tensions
Global stocks slipped and bond yields fell on Tuesday, compounding fears of a global recession, on concern that a visit by US House of Representatives Speaker Nancy Pelosi to Taiwan would further harm relations between China and the United States.
-
Apple Loses $113 Billion In Market Value As Regulators Close In
Regulators on both sides of the Atlantic are training their eyes on Apple Inc., unnerving investors with fears over fines and threatening its market dominance.
-
Meta Concerned Over Telecom Bill’s Ambiguities, Fears Government Regulation of OTT Apps: Report
The Parliament passed the Telecommunications Bill, 2023, which seeks to amend the laws relating to telecommunication services and networks, on Thursday. The bill, introduced by Communications, Electronics and Information Technology Minister Ashwini Vaishnaw on December 13, would allow for the government to temporarily take control of telecom servic...
-
"I Also Worry...": OpenAI CEO Sam Altman On AI Regulation
The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid global concerns about rapid advances in artificial intelligence, or AI.
-
ASEAN Countries Said to Set Ethics 'Guardrails' With AI Governance Codes
Southeast Asian countries are drawing up governance and ethics guidelines for artificial intelligence (AI) that will impose "guardrails" on the booming technology. Regulators across the world are rushing to draft regulations to govern the use of generative AI, which can create text and images and is engendering excitement as well as fear about its ...
-
IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
-
ChatGPT's Popularity Worries US Lawmakers About Its Impact on National Security
ChatGPT, a fast-growing artificial intelligence program, has drawn praise for its ability to write answers quickly to a wide range of queries, and attracted US lawmakers' attention with questions about its impact on national security and education. It was created by OpenAI, a private company backed by Microsoft, and made available to the public f...
-
FTX Bankruptcy: US Prosecutors Began Probing Crypto Exchange Months Before Collapse: Report
FTX was being probed by US federal prosecutors months before the crypto exchange collapsed earlier this month, according to a report. The beleaguered crypto exchange filed for US bankruptcy protection and its founder Sam Bankman-Fried resigned as chief executive, after rival exchange Binance walked away from a proposed acquisition. The implosion of...
-
Coinbase CFO Says Full Contagion of FTX Bankruptcy Yet to Be Revealed: Report
Coinbase CFO Alesia Haas said on Wednesday that the full extent of the fallout on the crypto industry from the collapse of Sam Bankman-Fried's FTX was yet to come out. The fallen crypto exchange fifiled for bankruptcy protection in the US on Friday in the highest-profile crypto blowup to date, after traders pulled billions from the platform in thre...
-
Rupee Crashes Further Against A Surging Dollar On Global Recession Fears
The rupee crashed early on Friday against a surging dollar on expectations of a jumbo-sized Federal Reserve rate hike next week.
-
Asia's Factory Activity Slumps On China's COVID-19 Curbs, US Recession Fears
Asia's factory activity slumped in August as China's zero COVID curbs and cost pressures continued to hurt businesses, surveys showed on Thursday, darkening the outlook for the region's fragile economic recovery.
-
Nifty, Sensex Gain, But End The Week With Losses On Global Recession Fears
Stock Market India: Equity benchmarks closed out with marginal gains on Friday, but ended the week with losses on rising global recession fears after poor economic data from Asia to Europe and Americas.
-
How The Russia-Ukraine War Spooked Global Financial Markets: 10 Points
Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation", the war has thrown global financial markets into severe turmoil as the charts below show.
-
India Has Around 115 Million Crypto Investors, Number May Rise Post Legal Clarity: KuCoin
In a new report, KuCoin crypto exchange has claimed that India currently has over 115 million crypto investors, making for 15 percent of its massive population. Majority Indian crypto investors are aged between 18 to 60. A key factor that is keeping people from investing in crypto is regulatory uncertainty prevailing in the country, as well as fear...
-
Sensex, Nifty Crash 1.5% As Global Rate Hike Fears Mount
Stock Market India: Equity benchmarks slipped amid angst over global growth as most central banks keep raising rates.
-
Stocks, Oil And Bond Yields Fall On Taiwan Political Tensions
Global stocks slipped and bond yields fell on Tuesday, compounding fears of a global recession, on concern that a visit by US House of Representatives Speaker Nancy Pelosi to Taiwan would further harm relations between China and the United States.
