Author: IA PressRoom

Source: AdobeStock / f11photoHong Kong’s banking regulator has reportedly exerted pressure on banks including HSBC, Standard Chartered, and Bank of China to engage with crypto clients.During a meeting last month, the Hong Kong Monetary Authority (HKMA) questioned why the banks had not accepted crypto exchanges as clients, The Financial Times reported, citing people familiar with the matter.The HKMA told the banks that due diligence on such potential customers should not “create undue burden,” particularly “for those setting up an office in Hong Kong to look for the opportunities here.”Though banks have not banned crypto clients, they may be reluctant to accept…

For the past several years, Domino’s Pizza Inc. executives have railed against rival U.S. food-delivery apps like DoorDash Inc. DASH, Grubhub and Uber Eats. The apps were losing money, and their aggressive free-delivery and discount offers to customers were unsustainable, they said. They argued that the pizza chain’s own delivery model — which unlike the apps had its drivers hauling pizzas to customers and returning to a single store — was more centralized, more predictable and thus economically superior. But at a conference…

But Shein has faced scrutiny for some of its business practices, such as claims that it has copied designs and used cotton in its clothes from Xinjiang, a region in China where U.S. officials say Uyghurs have been abused by the government. Investors anticipate an initial public offering from Shein this year, which has only increased questions about the company.The bill introduced Thursday does not mention the company by name, but “Shein is probably the most obvious example of a company that has exploited the de minimis loophole the most,” Mr. Blumenauer said.“Maybe there’s a modest financial savings to consumers,…

ChatGPT is coming to your car.  Mercedes-Benz announced a beta program inviting owners to add the AI tool to their vehicles.  ChatGPT will help Benz’s voice assistant respond to more complex commands, the firm said.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app First, everything got “smart.” Smart thermostats, touchscreen fridges, internet-connected toilets. Now practically every business on the planet is on a mission to work artificial-intelligence tools into its products. That includes cars. Mercedes-Benz on Thursday announced that it’s bringing ChatGPT, the eerily human…

The Supreme Court will soon rule on President Biden’s student loan forgiveness plan.getty Millions of borrowers are awaiting an imminent decision by the Supreme Court on a pair of legal challenges to President Joe Biden’s signature student loan forgiveness plan. That plan, if allowed to move forward, could result in up to $20,000 in student debt relief for millions of Americans. While the Supreme Court has not yet released its decision on the student loan forgiveness cases, it did release other opinions today. And the legal reasoning in one of those cases may contain some significant clues as to how…

© Reuters. FILE PHOTO: A representation of the cryptocurrency is seen in front of Binance logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration By Angus Berwick and Tom Wilson LONDON (Reuters) – The U.S. affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees’ social media posts. One of the sources said around 50 people were laid off. Reuters was unable to independently verify the number or seniority of employees…

© Reuters. FILE PHOTO: SpaceX, Twitter and Tesla CEO Elon Musk looks on as he attends a roundtable during the 6th edition of the “Choose France” Summit at the Chateau de Versailles, outside Paris, France on May 15, 2023. Ludovic Marin/Pool via REUTERS/File Photo ROME (Reuters) – Italy’s Prime Minister Giorgia Meloni met with Tesla (NASDAQ:) CEO Elon Musk in Rome later on Thursday, a government source said, after holding brief talks with Foreign Minister Antonio Tajani in the morning. Talks between Meloni and Musk focused on the low birth rate in Italy, the issue of deregulation in the European…

COTI/USD Chart / Source: TradingViewThe $COTI price is fast going to zero in wake of the US Security and Exchange Commission’s (SEC) assessment that the token is a security.$COTI, which powers the COTI network, was last trading around $0.043, having lost more than 35% of its value since the start of last week.That’s when the SEC unveiled new lawsuits against Binance and Coinbase, labeling $COTI and dozens of other cryptocurrencies as securities in the process.The cryptocurrency is now down a staggering more than 95% from its record highs hit in late-2021 around $0.93.$COTI considers itself a “regulation-ready” crypto network, as…

Michal Czerwonka/Getty Images News EA’s (NASDAQ:EA) Madden 2024 announcement and the new season of Fortnite, produce by Epic Games, led video game searches last week as positive search terms outweighed negative search terms for the first time since January, investment firm Baird said on Thursday. Analyst Colin Sebastian noted that searches related to video games “accelerated a bit” last week, with eight search terms seeing positive flows, while there were seven negative search terms, measured by the number of queries. Sebastian noted that the increase for the search therms were “mostly event driven,” with EA (EA) announcing that Buffalo Bills…

Maine lawmakers are backing a proposal to include language about the state’s obligations to Native American tribes in future printings of the state’s constitution.The Maine Legislature voted Wednesday to advance the proposal, which would restore language that requires Maine to honor treaties the state inherited when it broke away from Massachusetts and became its own state more than 200 years ago.Although the treaty language still technically applies, it was removed from printed versions of the constitution later in the 19th century. It’s also absent in the official online version of the constitution.PORTLAND CITY COUNCIL APPROVES CONTRACT FOR SHELTER FOR ASYLUM…