World Economic Forum founder Klaus Schwab to step back from executive role
The World Economic Forum confirmed that founder Klaus Schwab is moving away from the day-to-day management of the organization after more than 50 years at the helm.
JPMorgan says there’s a new GLP-1 drug player and its shares can rally 80%
Structure Therapeutics could one day boast a competitive obesity product and go up against Eli Lilly and the like, according to JPMorgan.
Millennials are ‘quiet vacationing’ rather than asking their boss for PTO: ‘There’s a giant workaround culture’
Younger workers are more likely to say they get nervous when asking for time off, and they’re leaving PTO on the table.
Fed Governor Waller wants ‘several months’ of good inflation data before lowering rates
Fed Governor Christopher Waller said Tuesday that he does not think further interest rate increases will be necessary.
World’s first major law for artificial intelligence gets final EU green light
European Union member states on Tuesday agreed upon the world’s first major law for regulating artificial intelligence.
Tech giants pledge AI safety commitments — including a ‘kill switch’ if they can’t mitigate risks
Major tech companies, including Microsoft, Amazon, and OpenAI, came together on Tuesday in a landmark international agreement on artificial intelligence safety.
One dead, 30 injured as Singapore Airlines flight encounters severe turbulence
One person has died aboard a Singapore Airlines flight which was diverted to Bangkok due to turbulence.
Iran begins days of nationwide funeral rites for President Ebrahim Raisi after helicopter crash
Services for Raisi will be held between Tuesday and Thursday in Tabriz, Qom, Birjand and Iranian capital Tehran, before his burial in Mashhad.
Britain’s inflation rate could be about to drop below the Bank of England’s 2% target
The headline inflation rate could be ‘momentous,’ but markets remain divided on the chance of a June cut and services will be the one to watch.
Yellen says U.S., Europe must respond jointly to China’s industrial overcapacity
U.S. Treasury Secretary Janet Yellen said on Tuesday that the U.S. and Europe needed to respond to China’s industrial policies in a “strategic and united way”.
