Page 338 - Bloomberg/undefined

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

Boeing to step up inspections of aircraft during production after blowout

Boeing will also bring in an outside party to review its quality controls and suggest improvements, he said, adding another layer of scrutiny to its manufacturing process

Hyundai Motor to spend $845 million fixing Talegaon plant bought from GM

Hyundai last year bought the General Motors factory in Talegaon, which has stood idle for years after the US company struggled to sell it off following its exit from the country

Former Credit Suisse wealth executive Sandipan Roy joins Motilal Oswal

Sandipan Roy will be chief investment officer for the private wealth business, reporting to Ashish Shanker who heads the unit, according to a spokesperson for Motilal Oswal

Hyundai Motor to spend $845 million fixing Talegaon plant bought from GM

Hyundai last year bought the General Motors factory in Talegaon, which has stood idle for years after the US company struggled to sell it off following its exit from the country

Bitcoin's ETF hangover saddles token with its worst streak in a month

The batch of almost a dozen ETFs, including from investment titans BlackRock Inc. and Fidelity Investments, began trading on Jan. 11

Apple offers rare discount on iPhone 15 in China amid demand fears

Apple quietly introduced the savings on its official Chinese website on Monday. The deal runs from Jan. 18 to Jan. 21 ahead of the Lunar New Year shopping season

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

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

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

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

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

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

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

US regulators impose additional requirements on Boeing before Max 9 return

Boeing declined to comment on the FAA's additional requirements

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%

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

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

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

$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