Bloomberg
Bloomberg
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Artificial intelligence will affect almost 40% of global jobs, says IMF
AI's income inequality effect will largely depend on how much the technology complements high earners
 "Artificial intelligence will affect almost 40% of global jobs, says IMF")
Boeing's legacy vanished into thin air. Saving it will take years
Yet as smartphone images and video of the terrifying incident went viral worldwide, Boeing engineers, investors and, above all, the flying public, were reminded of just how far this company has fallen
 "Boeing's legacy vanished into thin air. Saving it will take years")
Xi Jinping stays clear of Red Sea battle despite risks to China trade
Chinese container shipping giant China Cosco Shipping Corp. stopped delivering goods into Israel because of the threats and attacks posed by the militants
 "Xi Jinping stays clear of Red Sea battle despite risks to China trade")
Apple set to shutter 121-person San Diego AI Team in reorganisation
Apple told employees that they have until the end of February to decide if they will relocate, according to the people. If they don't, the workers will be terminated on April 26
 "Apple set to shutter 121-person San Diego AI Team in reorganisation")
Netanyahu vows to keep fight against Hamas on as war hits 100-day mark
Israeli statements exposed a growing dissonance between the domestic perception of the timing and goals of the war and increasing international impatience in the face of a deepening crisis in Gaza
 "Netanyahu vows to keep fight against Hamas on as war hits 100-day mark")
US Congressional leaders ready stopgap bill to extend govt funding
Another extension has moved into focus as Congress appears on track to miss two staggered deadlines - January19 for passage of four of the 12 annual government-funding bills and February 2 for others
 "US Congressional leaders ready stopgap bill to extend govt funding")
Bill Ackman contributes $1 mn to support Dean Phillips to challenge Biden
Ackman's support of Phillips, 54, amplifies some of the worst fears of the Biden campaign: Donors and voters are unenthusiastic about reelecting the 81-year-old president
 "Bill Ackman contributes $1 mn to support Dean Phillips to challenge Biden")
Tesla gets $94 billion market cap reality check as EV winter sets in
The hit to Tesla's market capitalization to start the year is the biggest the company has seen over a similar period since it went public in 2010
 "Tesla gets $94 billion market cap reality check as EV winter sets in")
US regulators impose additional requirements on Boeing before Max 9 return
Boeing declined to comment on the FAA's additional requirements
 "US regulators impose additional requirements on Boeing before Max 9 return")
Binance loses India traders to local companies it recently dominated
WazirX and Mudrex estimated that roughly 70% of their fresh inflows came from Binance, while CoinDCX put the figure at around 40%
 "Binance loses India traders to local companies it recently dominated")
Debt-laden Vedanta cut to selective default by S&P after debt extension
The junk-rated miner said last week its bondholders approved the changes after months of talks to tackle more than $3 bn of bonds maturing in 2024 and 2025
 "Debt-laden Vedanta cut to selective default by S&P after debt extension")
History suggests new Trump term would be a threat, says Christine Lagarde
Polls show November elections in the US shaping up to be a rematch between Trump and President Joe Biden, who defeated him in a bitterly fought 2020 contest
 "History suggests new Trump term would be a threat, says Christine Lagarde")
Apple board rejig: Al Gore, James Bell to leave; Wanda Austin set to join
The upheaval is unusual for Apple's board, which rarely has more than one retirement at a time. Gore was the longest-serving member
 "Apple board rejig: Al Gore, James Bell to leave; Wanda Austin set to join")
$2 bn Atal Setu to boost connectivity with Mumbai amid India's infra push
The 21.8 kilometer bridge, India's longest, will also ease access to the satellite city of Navi Mumbai, where a new airport is under construction by the Adani Group
 "$2 bn Atal Setu to boost connectivity with Mumbai amid India's infra push")
Mukesh Ambani re-joins $100 bn club, wealth climbs $2.8 bn to $101.8 bn
The billionaire is the 12th-richest person in the world, ahead of L'Oreal heir Francoise Bettencourt Meyers
 "Mukesh Ambani re-joins $100 bn club, wealth climbs $2.8 bn to $101.8 bn")
OpenAI in talks with CNN, Fox and Time to licence content: Reports
OpenAI is discussing licensing articles from Warner Bros. Discovery Inc.'s CNN that it can use to train ChatGPT and also feature CNN's content in OpenAI's products, according to one of the people
 "OpenAI in talks with CNN, Fox and Time to licence content: Reports")
China is fast losing its place as must-have in the global portfolios
An analysis of filings by 14 US pension funds with investments in Chinese stocks shows most of them have reduced their holdings since 2020
 "China is fast losing its place as must-have in the global portfolios")
World's most powerful passports 2024: Europe catches up with Japan, S'pore
South Korea, Sweden and Finland all climbed one spot to take joint second place, with access to 193 locations
 "World's most powerful passports 2024: Europe catches up with Japan, S'pore")
US SEC authorises Bitcoin-spot ETFs in cryptocurrencies' breakthrough
The approvals mark a rare capitulation by the SEC following opposition that lasted for more than a decade, ever since Tyler and Cameron Winklevoss first proposed a Bitcoin ETF in 2013.
 "US SEC authorises Bitcoin-spot ETFs in cryptocurrencies' breakthrough")
B'desh votes for continuity as Hasina comes to power, but it needs change
The League's pitch to voters was simple: The party had helped the country post impressive growth numbers and should be allowed to keep doing so
 "B'desh votes for continuity as Hasina comes to power, but it needs change")
