In race for efficient EVs, Mercedes taps F1 team to keep up with Tesla
“Nobody feels the pressure more than Mercedes to be innovation leaders here,” Merkt said. “They’ve got to push it out or they’re no longer Mercedes.”
CNBC Daily Open: JPMorgan takes over First Republic
Markets were remarkably quiet following the second-biggest bank failure in U.S. history. Investors are waiting for the Fed meeting and Apple’s earnings.
Australia to ban recreational vaping in e-cigarette crackdown
Under the new rules, vapes will be sold only in pharmacies and require “pharmaceutical-type” packaging.
Japan, South Korea hold first finance leaders’ meeting in seven years
The resumption of bilateral financial discussions precedes Japanese PM Fumio Kishida’s visit to South Korea next week for talks with President Yoon Suk Yeol.
HSBC restores quarterly dividend, sets buyback as profit triples
The London-headquartered bank announced the first of a new cycle of buybacks along with the results of up to $2 billion.
We’re in the AOL phase of artificial intelligence, tech CEO says, as industry raves about A.I.
Sachin Dev Duggal, CEO of Builder.ai, said we’ve only just begun to see what’s possible with AI and that the space is in need of a reality check.
Banking in the metaverse? A.I. could be about to change the way you manage your money
Artificial Intelligence will impact all parts of our lives — including money. Here’s what experts think could happen and what you need to know.
Australia unexpectedly hikes rates, hints at more tightening ahead
The Reserve Bank of Australia hiked 25 basis points to 3.85% as economists polled by Reuters expected it to pause for a second consecutive time.
Hollywood writers to strike, triggering TV shutdowns amid streaming disruption
The last WGA strike, in 2007 and 2008, lasted 100 days. The action cost the California economy an estimated $2.1 billion.
IMF raises 2023 economic outlook for Asia, sees China and India making up half of global growth
The International Monetary Fund said Asia-Pacific growth will primarily be driven by China’s recovery and “resilient” growth in India as the rest of the world braces for slowed growth.
