An Egyptian man sits and eats ice cream as he watches international cargo and tanker ships pass through the Suez canal Scott Nelson | Getty Images Several of the world’s major tanker companies on Friday halted traffic toward the Red Sea after U.S. and British airstrikes on Iran-allied Houthi militants in Yemen. Hafnia, Torm and … Read more
WASHINGTON (AP) — Treasury Secretary Janet Yellen is announcing that 100,000 businesses have joined a new database that collects “beneficial ownership” information on firms as part of a new government effort to unmask shell company owners. Yellen, in remarks prepared for delivery Monday, says the new Treasury database that is collecting beneficial ownership information sends … Read more
Comment on this storyCommentAdd to your saved storiesSave This month at least six commercial ships traveling through the Red Sea have been subjected to drone and missile attacks as they approached the narrow Bab el-Mandeb Strait. The attacks have come from Iranian-backed Houthi rebels, who since 2014 have controlled a large portion of western Yemen, … Read more
DUBAI, United Arab Emirates — A ship off the coast of Yemen in the Red Sea has been attacked, private intelligence firms said Tuesday. The attack on the vessel comes as threats have increased from Yemen’s Houthi rebels on commercial shipping in the area over the Israel-Hamas war raging in the Gaza Strip. The Houthis … Read more
LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report. British think tanks the Institute For Public Policy Research and Common Wealth said in a report Thursday that big firms made inflation “peak higher and … Read more
The soap opera-like ousting and swift return of OpenAI CEO Sam Altman produced plenty of fodder for ironic quips online but it also exposed some serious fault lines. One such critique I enjoyed was: “How are we supposed to solve the AI alignment problem if aligning just a few board members presents an insurmountable challenge?” … Read more
The new Ford Mustang GTD shown at the LA motor show The new Ford Mustang GTD is a carbonfibre-bodied, aerodynamically optimised, track-ready “technological tour de force” that takes the crown as the firm’s most powerful road car yet. It will be built in limited numbers from late next year and priced from around $300,000 (£234,000) … Read more
Richard Drury/Getty Images Artificial intelligence (AI) will continue to garner business interest over the next year, but few organizations in Asia-Pacific will be able to reap its full benefits due to their aversion to risk and subpar data management capabilities. Just 30% have the IT practices that are needed to harness the benefits of AI, … Read more
Last night, California Governor Gavin Newsom signed into law Senate Bill 54, which will require venture capital firms in the state to annually report the diversity of the founders they are backing. This is the United States’ first piece of legislation that aims to increase diversity within the venture capital landscape. The law will go … Read more
Taiwan’s economy minister has confirmed that regulators are investigating four Taiwanese companies suspected of helping China’s Huawei Technologies to build semiconductor facilities ByZEN SOO AP technology writer FILE – Attendees walk past a display for 5G services from Chinese technology firm Huawei at the PT Expo in Beijing, on Oct. 31, 2019. Taiwan authorities are … Read more