The closest rival to TikTok’s Chinese version Douyin on Tuesday...
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South Korea online retailer Coupang faces US securities class action over massive data breach
The lawsuit, filed last week in federal court in California, claims...
Private credit ratings face fresh scrutiny from global watchdogs
The Financial Stability Board, which monitors global risks, has...
GM’s Cruise recalling 950 driverless cars after pedestrian dragged in crash
The cars are being recalled because the collision detection subsystem of the Cruise Automated Driving Systems (ADS) software may respond improperly after a crash, according to a notice made public by the National Highway Traffic Safety Administration (NHTSA) Wednesday...
Kia halts operations at S.Korea auto facility after accident at supplier
Kia said in a regulatory filing it had stopped production at three main assembly plants at its Gwangju complex, except for bus and military-related product manufacturing. The company said the timing for a resumption had not been determined yet SEOUL: Automaker Kia...
Microsoft offers a new tool to help US politicians crack down on Deepfakes
The new tool will allow parties to authenticate their videos and photos with so-called watermark credentials, Microsoft President Brad Smith said Microsoft Corp. is offering US politicians and campaign groups a tool aimed at helping fight the rise of deepfakes ahead...
Meta to require disclosures for AI-created, altered political ads
Meta, the world's second-biggest platform for digital ads, said in a blog post it would require advertisers to disclose if their altered or created ads portray real people as doing or saying something that they did not, or if they digitally produce a real-looking...
Lloyd’s of London to invest $65 mln following slavery report
“We’ve asked ourselves how we could have the greatest impact,” Lloyd’s Chairman Bruce Carnegie-Brown told Reuters. “We can’t change the wrongs of the past, but we can make a difference today.” Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions...
Insurers review Middle East events coverage after cancellations
But new policies are likely to exclude Israel, Lebanon and countries neighboring Israel such as Egypt and Jordan, three sources told Reuters, standard practice after a war breaks out,Edel Ryan, a senior executive at broker Marsh. Some insurers are excluding Israel,...
UN chief says it will be difficult to revive Black Sea grain deal
U.N. officials are working to try to revive the deal, which Russia quit a year after it was brokered by the United Nations and Turkey — complaining that its own food and fertilizer exports faced obstacles and that not enough Ukrainian grain was going to countries in...
China authorities ask Ping An to take controlling stake in Country Garden, sources
China's State Council, which is headed by Premier Li Qiang, has instructed the local government of Guangdong province, where both companies are based, to help arrange a rescue of Country Garden by Ping An, said two of the sources who have direct knowledge of the...
Alliance of 40 countries to vow not to pay ransom to cybercriminals, US says
The International Counter Ransomware Initiative comes as the number of ransomware attacks grows worldwide. The United States is by far the worst hit, with 46% of such attacks, Anne Neuberger, U.S. deputy national security adviser in the Biden administration for cyber...
Cyber attacks and data breaches remain the top global risk, 50% of overall top ten risks presently uninsurable: Aon
Greg Case,CEO,Aon Notably only two of the top five current risks are insurable and half of the overall top ten is presently uninsurable "The world is more volatile, reflecting a series of profound transitions across trade, technology, weather and workforce issues that...