BUSINESS

AI will redefine traditional banking, making it more efficient, secure, and innovative. AI-driven chatbots and virtual assistants will streamline the front office, personalize customer service, and improve banks' top and bottom lines, experts said.

Top US diplomat Antony Blinken urged Hamas to accept a truce in the Gaza Strip on Wednesday, after Israeli Prime Minister Benjamin Netanyahu vowed to send troops into its far southern city of Rafah.

Donald Trump has received an additional $1.8 billion worth of stock in Trump Media & Technology Group, the parent company of Truth Social, as part of a bonus referred to as "earnout" shares.

The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday, with a summer start to cuts looking less likely owing to stubborn inflation.

Foreign tourists are flocking to Japan in record numbers and thanks to a sliding yen many are living like kings, splashing out on everything from kimonos to knives and slap-up meals.

Starbucks reported lower profits on falling sales on Tuesday as the coffee giant pointed to weakening consumer sentiment and lackluster conditions in China as factors behind an earnings miss.

An esteemed economist, Minouche Shafik was thrilled to become president of one of America's most prestigious colleges.

Asian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after fresh US data dealt another blow to hopes the Federal Reserve will cut interest rates this year.

Eruptions at a remote Indonesian volcano forced more than half a dozen airports to close with ash spreading as far as Malaysia, officials said Wednesday, while authorities rushed to evacuate thousands due to tsunami fears.

E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived.

The world should establish a set of rules to regulate AI weapons while they're still in their infancy, a global conference said on Tuesday, calling the issue an "Oppenheimer moment" of the time.

Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.

McDonald's reported a modest increase in quarterly profits Tuesday despite a boycott stemming from the Middle East conflict expected to drag on sales for the foreseeable future.

Spanish Prime Minister Pedro Sanchez got back to work on Tuesday, a day after he announced he would stay on following days of weighing his future in response to a graft probe targeting his wife.

European satellite group SES will acquire US rival Intelsat for $3.1 billion, the companies said Tuesday, seeking to compete in a race for space-based internet service led by Elon Musk's Starlink.

During his time at the helm of the world's biggest cryptocurrency firm, former Binance boss Changpeng Zhao, who will be sentenced in the United States later Tuesday for money laundering, perfected the humble executive look.

Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.

An Abu Dhabi-backed group planning to take over Britain's Telegraph Media Group (TMG) said Tuesday it will withdraw and sell on the business after the UK government moved to block the deal.

A French environmental charity said it had turned down the chance to take part in the torch relay ahead of the Paris Olympics over the role of Coca-Cola as a major sponsor.

The EU on Tuesday launched an investigation into Meta's Facebook and Instagram over concerns the platforms are failing to counter disinformation ahead of EU elections in June.

The Paris region authority sparked controversy Tuesday by temporarily suspending funding for Sciences Po, one of the country's most prestigious universities, after it was rocked by tense pro-Palestinian demonstrations.

The figures are unlikely to stop the European Central Bank (ECB) from cutting interest rates in June as expected, according to economists despite the growth figure.

French media baron Arnaud Lagardere resigned Tuesday as chief executive of the sprawling group of the same name after being charged with misuse of corporate funds.

Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry, Satya Nadella said.

Shares in French skincare giant L'Occitane jumped almost 13 percent in Hong Kong on Tuesday as they resumed trading after its owner offered to take it private.

Banking giant HSBC said Tuesday that chief executive Noel Quinn would retire after overseeing a "successful transformation" of the firm and record profits during almost five years in charge.

Donald Trump's historic criminal trial resumes on Tuesday with testimony from a former executive of the bank used to make a hush money payment to porn star Stormy Daniels.

Choreographer Sahil Kumar found fame showcasing folk dances on TikTok, but his profile has been dormant since the video he posted four years ago supporting India's decision to ban the platform.

Microsoft's chief executive officer met the president of Indonesia on Tuesday, pledging a $1.7 billion investment in artificial intelligence and cloud computing to help develop the archipelago's AI infrastructure.