Swiss Finance Minister Karin Keller-Sutter said that the purchase of Credit Suisse by the UBS Group was a less risky step, noting the need for the government of this country to take measures capable of providing a high level of protection to taxpayers in the event of a crisis in the banking sector.
South Korea has decided to impose a total fine of 26.5 billion won ($20.4 million) on two global investment banks and a local unit of an international company for involvement in naked short selling.
The Supreme Court of the United Kingdom ruled that, from a legal point of view, it is not possible to designate artificial intelligence as an inventor to ensure patent rights.
Google has agreed to pay $700 million and allow competition in its Play app virtual store.
Media reports that in China, the number of state organizations and companies supported by the country’s government is gradually increasing, which prohibits their employees from using iPhone smartphones developed by the American technology giant Apple in the workplace.
The adoption of the first set of European Sustainability Reporting Standards (ESRS) became official in the European Union on October 21, 2023. What changes do the new standards bring for businesses, particularly those operating in the fintech industry?
Commerce Secretary Gina Raimondo said that the United States is currently looking into the characteristics of three new artificial intelligence accelerators that Nvidia is developing for the Chinese market.
The British competition watchdog has formed the basis for launching an investigation into the partnership between Microsoft and OpenAI, which created the world’s most popular artificial intelligence-based chatbot called ChatGPT.
The European Parliament Committee wants the EU to lead metaverse development and reduce the bloc’s technological dependency.
The chief executive of Lloyds Banking Group made something like a warning statement to British politicians, describing measures such as a tax on unforeseen expenses of banks as thing that should be excluded amid expectations of a busy election year.
The Consumer Financial Protection Bureau (CFPB) applied to Bank of America a measure of material impact in the form of an obligation to pay $12 million for the involvement of this financial institution in the practice of providing incomplete data related to mortgage lending to the federal government.
Social network X, formerly known as Twitter, sued the watchdog Media Matters.
Meta calls for the adoption of laws that would introduce an obligation for app stores to receive parental approval when children download digital products to their own devices.
In the United States, the federal regulator accused Citibank that this financial institution had been implementing an illegal corporate policy of discrimination against Americans of Armenian origin for several years, singling them out in applications for credit cards based on surnames.
French Finance Minister Bruno Le Maire said that the dominance of the American company Nvidia in the sphere of artificial intelligence, which shows a trend of steady growth, negatively affects the situation in the industry from the point of view of competition.
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