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Politics
London’s Southbank Centre says it needs over $200 million in repairs
The exterior of the Hayward Gallery, part of the Southbank Centre. The brutalist-style building was designed by a team led by Norman Engleback in the late 1960s.Universal Images Group | Getty ImagesLONDON — From Michelle Obama to Anish…
Alibaba launches over 100 new AI models, releases text-to-video generation
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty ImagesAlibaba on Thursday released more than 100 open-source artificial intelligence models and boosted the…
What buying Commerzbank would mean for UniCredit and German banks
The Commerzbank building (second from right) in Frankfurt am Main, western Germany, on Sept. 25, 2023.Kirill Kudryavtsev | Afp | Getty ImagesUniCredit's move to take a stake in German lender Commerzbank is raising questions on whether a…
Markets need time to digest the 50-point cut
Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in…
Bosses shouldn’t ‘BS’ employees about AI impact
Demaerre | Istock | Getty ImagesCorporate leaders can't "bulls---" their employees about the impact of artificial intelligence on the workforce and the ways in which the technology will affect jobs more broadly, according to one tech…
Markets seemed taken aback by the 50-point cut
Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in…
Ray Dalio says the Fed faces a tough balancing act
Ray Dalio, Bridgewater Associates co-chairman and co-chief investment officer, speaks during the Skybridge Capital SALT New York 2021 conference.Brendan McDermid | ReutersAs the U.S. Federal Reserve implemented its first interest rate…
Ray Dalio calls upcoming U.S. election the most consequential of his
Ray Dalio said the 2024 U.S. elections will likely be the most important of his lifetime and he thinks the country needs a "strong leader of the middle."Speaking to CNBC's "Squawk Box Asia" on Thursday, the founder of Bridgewater…
40% growth in institutional, corporate investors
Binance CEO Richard Teng speaks in Singapore on Sept. 17, 2024, at an event hosted by the local foreign correspondents association.Bloomberg | Bloomberg | Getty ImagesCryptocurrency exchange Binance has seen a 40% increase this year in…
Fed rate cut, BOJ meeting, New Zealand GDP
The Hong Kong Monetary Authority is displayed outside Two International Finance Centre in Hong Kong on June 19, 2013.Jerome Favre | Bloomberg | Getty ImagesJapan's Nikkei 225 led Asia-Pacific markets higher Thursday, as traders assessed…