Fujitsu role in Britain’s Post Office scandal could have severe reputational consequences, analysts say
Fujitsu’s role in the U.K. Post Office scandal has analysts wary of what the fallout could look like for the Japanese IT giant.
India’s Zee Entertainment dives 31% after Sony calls off mega merger
Shares of India’s Zee Entertainment fell 31% on Tuesday after a division of Japanese tech giant Sony scrapped plans for a merger.
Founders of Wise and Skype raise $436 million to build tech giants in Europe
Plural, a venture firm set up by the founders of Wise, Skype and Songkick, raised 400 million euros ($436.4 million) for a new fund.
Tech execs say a type of AI that can outdo humans is coming, but have no idea what it looks like
Leaders from the likes of OpenAI, Google DeepMind and Cohere see a form of AGI approaching, but say that it’s still too early to tell what it’ll look like.
European markets close lower, losing positivity seen at the start of the week; Volkswagen up 5%
European markets turned lower Tuesday, shedding the air of positivity seen in the previous trading session.
Ericsson warns of 2024 market decline despite fourth-quarter earnings beat
Ericsson said it expects further decline in 5G gear demand from mobile operators this year after beating fourth-quarter operating profit expectations.
World’s largest hedge funds record bumper year of profits, research shows
The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed Monday.
CNBC Daily Open: Markets’ upbeat sentiment
The market rally could be driven in part by rising investor optimism that the U.S. economy could manage a soft landing,
China is weighing measures to prop up its stock markets, could reportedly mobilize $278 billion
China is weighing a rescue package backed by offshore money to stave off a slump in its struggling stock markets, according to Bloomberg News.
Bank of Japan retains its ultra-loose policy, says 2% inflation target is in sight
All economists surveyed by Reuters expected the Bank of Japan to maintain its negative rate policy this month — making the BOJ the world’s only central bank with negative rates.
