Despite a strong economy, several major banks muted their earnings forecast for this year, citing the need to pay higher interest on customers’ deposits.
Author: admin (Kendrick Williams)
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KPMG PAYS $25 MILLION FINE FOR CHEATING AND LYING
The Netherlands office of KPMG, a global accounting and business services firm, will pay $25 million to settle charges that it failed to take action against employees who cheated on certification exams and then lied about the cheating to investigators.
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PRESSURE ON ECB TO CUT RATE GROWS AS LOAN DEMAND SLUMPS
Reporting a “substantial” drop in applications for loans, Eurozone banks are pressing the European Central Bank (ECB) to cut its interest rate from a record 4 percent, where it has held since last September.
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ECB LEAVES RATE UNCHANGED, SIGNALS JUNE CUT
The European Central Bank’s (ECB’s) governing council left the bank’s base interest rate at a record 4 percent at its meeting last week and gave a strong indication that it will cut the rate when it convenes again on 6 June.
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GROWTH IN DEMAND FOR OIL WILL SLOW THIS YEAR AND NEXT, IEA SAYS
The International Energy Agency (IEA) has shaved its outlook for this year’s growth in oil demand from 1.3 million barrels a day to 1.2 million. Demand growth will slip to 1.1 million barrels daily next year, the agency said.
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TEN NEW STUDIES DETAIL HEALTH RISKS OF 5G
Over the past decade, I’ve written many articles discussing the evidence of biological harm from nonionizing electromagnetic field (EMF) radiation and radiofrequency radiation (RFR) from wireless technologies.
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APPLE IS BUILDING AI CAPACITY INTO EVERY NEW MAC
After equipping some Mac computers with M3 AI chips late last year, the company will now power all Macs with Apple’s proprietary next-generation M4 chips, people familiar told Bloomberg.
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FAST FOOD TURNS TO AI TO CUT STAFF, MAINTAIN PROFITS
Yum Brands—the Kentucky company that owns KFC, Pizza Hut, Taco Bell, and the Habit burger chain—has nearly doubled its investment in technology from $11 billion in 2022 to $21 billion now.
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OPENAI UNVEILS NEW VOICE-CLONING PROGRAM
On 5 April, OpenAI unveiled “Voice Engine,” an AI that can clone a person’s voice and speech patterns after hearing a 15-second sample, the company said. The program also can read text aloud in the borrowed voice and enable the cloned voice to speak in foreign languages.
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GOOGLE MULLS AI-POWERED “PREMIUM” SEARCH FEATURES FOR A FEE
Google already charges for AI-driven special services in its Docs and Gmail programs. Now it may do the same with its iconic search engine. It would be the first time the company has put any of its search capacities behind a paywall.