The leaked confidential American documents about, among other things, the war in Ukraine aroused the interest of the Kremlin in Moscow. “The leaks are quite interesting; everyone is studying, analyzing and discussing them widely,” spokesman Dmitri Peskov said. The leak, revealed last week by The New York Times, concerns US […]
Global food prices fell again in March and are more than a fifth lower than the peak a year ago, the United Nations Agriculture Organization (FAO) calculated. However, shortly after the Russian invasion of Ukraine in February 2022, prices for essential food and drink commodities rose to record highs. Both […]
The Swiss government will conduct an in-depth investigation into the crisis that led to the collapse of the major bank Credit Suisse. The government promised this to the Swiss parliament on Thursday. The larger Swiss industry peer UBS eventually bailed out Credit Suisse. The Credit Suisse crisis and the bailout […]
Global trade will grow less quickly this year than in 2022, the World Trade Organization (WTO) expects. The slowdown is related to inhibiting factors such as the war in Ukraine, inflation, tighter monetary policy from central banks and financial uncertainty. The WTO is slightly more optimistic than in its previous […]
The company can present a small increase in turnover but sees its profit decrease despite one-off windfalls. The Chinese supplier Huawei posted a turnover of 642.3 billion Yuan last year. That is an increase of 0.9 percent. However, net profit fell 68.7 percent to EUR 4.75 billion (CNY 35.6 billion), […]
Swiss banking group UBS will reduce its workforce by 20 to 30 percent after acquiring its troubled industry peer Credit Suisse. This means 36,000 jobs will be cut worldwide, reports the Swiss newspaper SonntagsZeitung. The newspaper bases itself on statements made by a manager at the bank. In Switzerland, 11,000 […]
Japan is further restricting the export of technology for the production of chips. From now on, about ten companies from the Asian country will need a license to export their most advanced products. The decision follows pressure from the United States to stop selling state-of-the-art semiconductor technology to China. Still, […]
Pope Francis, who was hospitalized in Rome on Wednesday with a respiratory infection, is on the mend and has resumed work from the hospital. The Vatican announced this on Thursday. The health of the 86-year-old pope is gradually improving, and planned treatments are continuing. “This morning after breakfast, he read […]
Over a thousand people have signed an open letter calling for a pause in developing increasingly powerful artificial intelligence (AI). Tesla boss Elon Musk and Apple co-founder Steve Wozniak, among others, are concerned about the lack of guardrails in case AI systems disrupt society. Specifically, the signatories ask developers of […]
Apple has acquired WaveOne, a company that wants to provide better image compression with artificial intelligence. Apple does not formally confirm the acquisition, but Techcrunch found that WaveOne’s website has been offline since January. However, many former employees are active today in the company’s machine-learning groups. At the same time, […]