Lenders begin to worry about how AI agents could undermine their borrowers. Stock markets got rocked Monday, with the Dow down 1.3% amid concerns over a new report from Citrini Research, laying out economic risks from AI agents. Financial giant Morgan Stanley (MS 4.86%) stock is down 4.3% as of 1:30 p.m. ET. Image source:…
A Hong Kong court has convicted 13 parents and a merchant who offered HK$20,000 to HK$200,000 (US$2,600 to US$25,600) to bribe a kindergarten administrator at the city’s biggest international school group in exchange for enrolments. Deputy District Judge Amy Chan Wai-mun on Tuesday said a custodial sentence would be the only suitable punishment for the…
At first glance, Anthony Gordon appears to have little in common with Sir Keir Starmer but, like the prime minister, the Newcastle forward looks infinitely more surefooted on foreign soil than domestic battlegrounds. In the Champions League, Gordon has scored 10 goals in nine games. In the Premier League, meanwhile, he has managed a modest…
A 22-year-old Indian national accused of being involved in extortion-related activity has been removed from Canada. Over 22,000 persons deemed inadmissible were removed from Canada last year, a new record. (AP) In the first such public announcement in this regard, Surrey Police Service or SPS said that Lovebir Singh, a 22-year-old foreign national male who…
Key Points Tesla is repurposing its factory in Fremont, California, from electric vehicle production to manufacturing for Optimus robots. Optimus can learn to do basic tasks by watching humans or videos. While Optimus has enormous upside potential, investors have already priced in meaningful upside into Tesla stock. These 10 stocks could mint the next wave…
China’s commerce ministry took action against 40 Japanese companies and entities on Tuesday, citing national security concerns over their military ties. It imposed export controls on 20 entities, including Mitsubishi and the Japanese space agency, accusing them of helping to enhance Japan’s military capabilities.The ministry added a further 20 Japanese entities, including Subaru, to a…
WASHINGTON (AP) — President Donald Trump will use Tuesday’s State of the Union to champion his immigration crackdowns, his slashing of the federal government, his push to preserve widespread tariffs that the Supreme Court just struck down and his ability to direct quick-hit military actions around the world, including in Iran and Venezuela. The Republican…
Shenzhen-based Transsion Holdings is now a massive Chinese technology company that few people outside of Africa and certain parts of Asia have heard of. Even in China, the brand, now the world’s 5th-largest mobile phone producer, remains largely unknown. Transsion gained notoriety after it entered the African market in 2006. Back then, the world’s largest…
Hong Kong conglomerate CK Hutchison said Tuesday that Panama authorities had threatened its employees with criminal prosecution if they defied orders to leave two strategic canal ports at the center of a legal battle that has embroiled Beijing and Washington. CK Hutchison said Panama’s decision to cancel key port contracts and grant temporary licenses to…
Hong Kong should increase funding for university research to position itself as a global education hub, a leading academic has said, citing a growing trend of students choosing Asian destinations for higher studies. Professor Dennis Lo Yuk-ming, president of Chinese University, which is hosting this year’s Asia-Pacific Association for International Education (APAIE) Conference and Exhibition,…