Page 556 - Bloomberg

Google suspends engineer following claims an AI system had become sentient

The Alphabet-run AI development team put him on paid leave for breaching company policy by sharing confidential information about the project

LIC slips 5.8% as anchor investor lock-in ends; down 29% from issue price

LIC's stock traded at its lowest level since market debut on May 17, 2022

Germany prepares to lend billions to rescue ex-Gazprom unit: Report

A bailout for Gazprom Germania GmbH could come as early as this week, with state-owned bank KfW Group expected to issue a loan in the range of 5 billion euros ($5.2 billion) to 10 billion euros

With $17-bn wipeout, LIC IPO among biggest wealth destroyers in Asia

LIC's shares are poised to fall for a 10th consecutive session, slipping as much as 5.6% Monday after a mandatory lock-up period for anchor investors ended Friday

China re-imposes Covid-19 restrictions just weeks after reopening

Beijing reported 45 new local cases on Monday afternoon, after having single digit cases on most days last week

Elon Musk encourages Tesla staff while warning of 'tough quarter'

Musk often sends companywide emails near a quarter's end to push staff to sprint to the finish, and Tesla is known to deliver many units in the the final weeks

Crypto market sinks below $1 trn after latest DeFi blowup; Bitcoin down 17%

Binance, the largest crypto trading platform, temporarily suspended withdrawals of the Bitcoin network because of an transaction processing issue

Sanofi, GSK say Covid booster shot works better against Omicron variant

The companies point to the risk of new variants and waning immunity that could lead to an increase in demand for additional booster shots in some populations.

Crypto market value tumbles after lender Celsius Network stops withdrawals

Celsius's CEL token was down about 50% to 19 cents as of 7:16 a.m. in New York Kong, according to pricing data site CoinGecko

For young Africans, China is more influential than the US: Survey

A survey conducted by the Ichikowitz Family Foundation found that 76% of 4,507 young Africans across 15 countries named China as a foreign power with a positive influence on their lives

The world has a car obesity problem, and the answer is to electrify fleets

In America, a typical vehicle sits in the garage 96% of the time, Sakkers wrote in his book Mobility Disruption Framework, citing research by McKinsey

HSBC sees slower rate hikes by RBI towards year-end on growth worries

HSBC is expecting the RBI to take repo rate to 6% by the middle of the next year, from 4.9% now

Iran starts transfer of Russian goods to India by using new trade corridor

Since Russia was sanctioned over its war on Ukraine, Iranian officials have been keen to revive a stalled project to develop North-South Transit Corridor that uses Iran to link Russia to Asian markets

TotalEnergies wins stake in $29-bn Qatar gas project amid energy crunch

Qatar is expanding production of liquefied natural gas amid a worldwide energy crunch

Crypto extends tumble into weekend after US inflation data; Ether falls 5%

Total long crypto liquidations were above $100 mn for a third straight day on Sunday, after $258 mn on Friday and $290 mn on Saturday, according to data from Coinglass

World's first production-ready solar car to take the road later this year

The $263,000-priced Lightyear 0 model uses power derived from the sun to add as much as 70 kilometres (43 miles) of driving range per day

Loan demand is bouncing back after 2 yrs of credit contraction: SBI chief

Companies are steadily drawing down from a $71 billion loan pipeline, said Dinesh Kumar Khara

200 brands of electric scooters but industry shadowed by bad reputation

Despite all the attention they command, e-scooters are used for only about one one-thousandth of all trips made in the world's cities.

Meet the CEO who is putting in overtime to shorten your workweek

Joe O'Connor heads a nonprofit helping companies around the world to adopt more flexible work schedules.

Ukrainian Prez Zelenskyy brushed off warnings of Russia's invasion: Biden

Joe Biden accused Putin of "trying to obliterate the culture, not just the nation, but the culture" of Ukraine