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The Latest Breaking News from BI

Tesla May Be Headed For Massive Layoffs As Woes Mount: Reports (Updated)

According to a new report, Tesla may see big cuts to its workforce as early as this week.

InsideEVs

Elon Musk AI Predictions Challenged, CEOs Bet $1M He Will Fail

Musk's AI predictions face million-dollar challenges. CEOs disagree and want public debate on the true state of AI, saying progress is slower than Musk claims.

International Business Times UK

“These Milestones Are Critical”: Jeff Bezos-Backed Company Passes NASA Test

"These milestones are critical to ensuring that a commercial destination can support human life." The post “These Milestones Are Critical”: Jeff Bezos-Backed Company Passes NASA Test first appeared on Bored Panda.

Bored Panda

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Bill Gates’ TerraPower Set To Break Ground On Next-Gen Nuclear Plant In June And Finish By 2030

“When you use liquid sodium as a coolant instead of water it’s a game changer.” The post Bill Gates’ TerraPower Set To Break Ground On Next-Gen Nuclear Plant In June And Finish By 2030 first appeared on Bored Panda.

Bored Panda

Openai's Use Of Youtube Videos For AI Model Training Revealed

OpenAI's use of YouTube videos for AI model training raises legal and ethical concerns in the AI community.

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Weight-Loss Tizzy: Why Altimmune Surged 23% As Others Tumbled On A New Study

Biotech stocks Madrigal and Altimmune diverged Monday as Wall Street debated the outcome of a weight-loss study in MASH patients.

Investors Business Daily

“Is A Cup Worth Your Job?“: Target Employees Across The US Get Sacked Over Stanley Cups

"Remember team. Is a cup really worth your job?" The post “Is A Cup Worth Your Job?“: Target Employees Across The US Get Sacked Over Stanley Cups first appeared on Bored Panda.

Bored Panda

“Momfluencer” Pleads Guilty To Child Abuse As New Details Emerge Of Dreadful Treatment Of Kids

"With my deepest regret, and sorrow for my family and my children — guilty.” The post “Momfluencer” Pleads Guilty To Child Abuse As New Details Emerge Of Dreadful Treatment Of Kids first appeared on Bored Panda.

Bored Panda

ABM Industries Jumps 13% In Wednesday Trading. Time to Buy?

The New York-based facility management company reported better-than-expected earnings Wednesday before the markets opened. Its shares jumped 13% on the news, suggesting now might be the time to buy ABM stock.

Barchart

Londoners have more work-from-home flexibility than Parisians

20% of workers in Paris are not allowed to work from home, while in London the number is 4%

Evening Standard

Authorities clip SBF’s wings, confiscate 2 private jets worth more than a combined $28 million

The private jets were apparently bought through a "handshake" loan from FTX.

Fortune

Pearson On and On review - a very British gravel bike

An aero carbon gravel machine from London's oldest bike shop

Cycling Weekly

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The Guardian - US

‘Food’s my love language’: the Palestinian Americans behind San Francisco’s renowned dining scene

Migration to the Bay Area has led to the flourishing of restaurants, groceries and cafes – from local hotspots and national chains

Bangkok Post

Central bank rates seen peaking soon in SE Asia

MANILA: Southeast Asian central banks look like they are close to done fighting inflation using interest rates, with economists seeing the tightening cycle ending after 25- to 50-basis points of moves in the coming months.

Bangkok Post

Indonesia central bank says digital rupiah currency can be used in metaverse

JAKARTA: Indonesia's central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse.

Bangkok Post

Japan intervenes to prop up yen for first time since 1998

Japan has intervened in currency markets for the first time since 1998 to support the yen, seeking to stem a 20% plunge against the dollar this year amid a widening policy divergence with the United States.

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Bangkok Post

Bank Indonesia hikes benchmark rates for first time since 2018

JAKARTA: Indonesia's central bank raised its benchmark interest rate for the first time since 2018 on Tuesday, stepping up monetary tightening to fight rising inflation.

Bangkok Post

Indonesia holds key interest rate but reins in banks

JAKARTA: Indonesia's central bank on Tuesday announced more aggressive hikes in the reserve requirement ratio (RRR) for banks, expecting inflation to rise slightly above its target band this year, but kept interest rates unchanged at a record low.

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