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EUROPEAN FINANCIAL REGULATORS
Europe's financial regulators query Google over cloud outage that hit banksThe European Banking Authority said that it has been in contact with Google Cloud to obtain further information on the incident, understand...- Global Market: Eurozone banking crisis fears return as government borrowing costs surgeRising euro zone borrowing costs have renewed fears of a sovereign debt crisis, particularly in France. European banks’ stronger capital bu...
- IMF chief says AI risks may exceed opportunities without safeguards and ethical frameworkThe risks of artificial intelligence may exceed its opportunities if no adequate safeguards and ethical framework are put in place, IMF chi...
- Strategy CEO predicts historic surge in Bitcoin banking adoption: 7 drivers that could push banks toward BTC USDStrategy CEO Phong Le predicts a historic rise in Bitcoin banking adoption over the next 12 months, citing seven key drivers. Strategy’s la...
- From SGX Nifty to GIFT Nifty: Understanding the evolution of India's global market indicatorJuly 2023 heralded an important change for India as it moved from SGX Nifty to GIFT Nifty, a development with major implications for the fi...
- Banking watchdogs ramp up AI scrutiny as stability fears mount, sources sayBanking regulators are intensifying their oversight of AI risks that could affect financial stability and cyber security. The Federal Reser...
- Global Market: China stocks fall as global yields, geopolitical tensions weigh on sentimentChinese stocks declined as government support measures failed to restore investor confidence amid rising global bond yields, Middle East te...
- A simple accounting trick used by companies to manipulate net profit and take investors for a rideA company may report profits for years, only to reveal later that some figures were wrong. Accounting rules require companies to correct mi...
- Stable institutions, steady pursuit of reforms will steer India to 2047 goal: Jean-Claude TrichetIndia's journey to becoming a developed nation by 2047 hinges on institutional stability and sustained economic reforms. Former European Ce...
- Keeping AI models under control: When an agent causes harm, who bears the blame?If an AI agent goes rogue, who do you hold responsible— the agent, the LLM developer or the human? asks EY partner Shivaprakash Abburu. Exp...
- Global Market | Central banks face tougher crisis-management role as public debt rises: BIS chiefBIS chief Pablo Hernández de Cos warned that future financial crises could be harder to manage amid soaring public debt, fiscal deficits an...
- India needs its own AI safety framework, not a copy of US pact: Industry expertsIndia should build its own artificial intelligence (AI) safety framework suited to its languages, scale, and application-led AI ecosystem r...
- India needs its own AI safety framework, not a copy of US pact: Industry expertsIndustry experts say India should develop an AI safety framework tailored to its own languages, scale and application-driven ecosystem rath...
- CBAM can help India build a greener, competitive export sectorThe EU's Carbon Border Adjustment Mechanism is set to reshape global trade dynamics by prioritizing carbon intensity. Indian exporters must...
- Alaska Airlines takes its battle for Seattle with Delta overseasAlaska Airlines is expanding aggressively into long-haul international travel from Seattle, using widebody aircraft acquired through Hawaii...
- Man City scandal: What to know about the controversy surrounding the Premier League soccer teamManchester City has been charged with breaching Premier League financial rules repeatedly over several seasons. The investigation uncovered...
- Manchester City's Abu Dhabi-fuelled rise faces reckoning after guilty verdict in long-running landmark financial irregularities caseManchester City has been found guilty of numerous financial violations spanning from 2009 to 2018. The Premier League's independent commiss...
- Redefining global finance: Emergence of alternative payment infrastructureChairman of PSB Bank Petr Fradkov, in an interview with RBC, discusses what is happening in one of the most closed sectors of the economy, ...
- European Union vows to defend its stand against X after the US backs a court challenge from Elon MuskThe European Union imposed a significant fine on social media platform X for regulatory violations. Following this, the U.S. government exp...
- US government seeks to join Elon Musk in challenge against EU's fine on XThe US government has formally requested to join Elon Musk's effort to annul a significant EU fine. The fine of €120 million was imposed by...
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