LONDON - The Bank for International Settlements (BIS) has warned that the rapid expansion of artificial intelligence is making it harder for central banks to interpret inflation signals and calibrate interest rates. In a bulletin on the economic implications of AI, the Switzerland-based central bank umbrella group said the technology...
Swiss Re said on Tuesday that ongoing wildfires in France and Spain are likely to drive higher demand for private insurance coverage in southern Europe. The reinsurer noted that wildfire losses are generally not covered by national insurance pools in the region, leaving homeowners to purchase separate policies and creating...
Zurich, Switzerland – FIFA has announced plans to create a new commercial subsidiary, FIFA Forward Enterprise (FFE), valued at around $20 billion that would consolidate the governing body’s commercial and event operations. Under the proposal presented on Tuesday, FIFA would invite external investors to buy minority, non-controlling stakes in FFE...
BENGALURU, India – Apple’s market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making the iPhone maker only the second company ever to reach that milestone after Nvidia. The stock hit an intraday high of $342.89, implying a market value of about $5.036 trillion, before easing to...
AMSTERDAM, Netherlands – China’s move to develop a homegrown immersion deep ultraviolet (DUV) lithography machine is increasing pressure on Dutch chip equipment maker ASML, which has recently become Europe’s most valuable listed company after a sharp share price rise. Reuters reported that Shanghai Aishengna Electronic Technology Group, a little-known Chinese...
Record quantities of foul-smelling sargassum seaweed are inundating beaches along Mexico’s Caribbean coast, disrupting tourism and raising environmental concerns, according to officials and researchers speaking in late July. Authorities in Quintana Roo, home to Cancun, Playa del Carmen and Tulum, project about 119,000 tons of sargassum will reach shore by...
Rebecca Cooke, a Democratic House candidate in Wisconsin aiming to unseat Republican Rep. Derrick Van Orden, has reversed her position on a federal ban on conversion therapy following criticism from progressive voters. During several primary forums ahead of the August 11 Democratic primary, Cooke declined to endorse a nationwide prohibition...
United States — Paulina Gretzky, wife of professional golfer Dustin Johnson, took part in a member-guest golf tournament rather than watching from the sidelines, according to a report citing Golf Digest’s Alex Myers. Playing in the Fandango Member Guest, Gretzky teamed up with golf media personality Alexandra O’Laughlin, and the...
ROME, Italy, July 28 (Reuters) - Italy has reappointed Roberto Mancini for a second spell as national team coach, Italian Football Federation (FIGC) President Giovanni Malago confirmed on Tuesday during a Federal Council meeting. Mancini returns to the role to replace Gennaro Gattuso, who left in April following a World...
Public records show that Suri Cruise, daughter of actors Tom Cruise and Katie Holmes, has legally changed her name to Suri Noelle, adopting her mother’s middle name and dropping her father’s surname. The change became publicly evident in October 2024 through Allegheny County, Pennsylvania voter registration records, which listed her...
