Posts by Swedan Margen
US to ban foreign officials over ‘flagrant censorship’ on social media
[WASHINGTON] The US will impose visa bans on foreign nationals it deems to be censoring Americans, Secretary of State Marco Rubio said on Wednesday, and he suggested the new policy could target officials regulating US tech companies. Rubio did not name any specific instances of censorship. But US tech companies and the Trump administration have challenged US…
Read MoreSalesforce says AI has reduced hiring of engineers and customer service workers
Tech companies are relying on artificial intelligence to help with everything from customer service to software engineering Published Thu, May 29, 2025 · 09:04 AM [NEW YORK] Salesforce said the use of artificial intelligence (AI) tools internally has allowed it to hire fewer workers, another example of a company changing its hiring plans due to…
Read MoreHong Kong, Saudi bourses seek deeper ties to spur trading volume
[HONG KONG] Hong Kong and Saudi Arabia are ramping up efforts to boost trading activity as inflows to their exchange-traded funds (ETFs) wane and cross-listings fail to materialise. Hong Kong Exchanges & Clearing (HKEX) chief executive officer Bonnie Chan and Mohammed Al-Rumaih, her counterpart at the Tadawul stock exchange, are poised to address the co-hosted…
Read MoreElon Musk is leaving the Trump administration after leading effort to slash federal government
Elon Musk said Wednesday that he is leaving his role as a special government employee for the Trump administration, a move that was expected. Source link
Read MoreHong Kong bankers on edge over US$11 billion New World refinancing
[HONG KONG] Hong Kong bankers have become fixated on an US$11 billion loan deal with unusually high stakes for the financial hub. New World Development (NWD), an embattled property developer controlled by one of Hong Kong’s richest families, is aiming to complete one of the city’s largest-ever corporate refinancing deals with more than 50 banks…
Read MoreJudge blocks Trump from halting 'parole' for some illegal immigrants, military families
A federal judge ruled Wednesday against the Trump administration’s attempts to curtail Biden-era “parole” programs that had offered tentative legal status to some illegal immigrants. Source link
Read MoreU.S. trade court rules against Trump's 'liberation day' tariffs
The U.S. Court of International Trade ruled Wednesday that President Trump exceeded his authority when he imposed his “liberation day” global tariffs. Source link
Read MoreTrump liberally doles out pardons and commutations in clemency spree, signals possibly more to come
President Trump embarked on a pardoning spree Wednesday, granting clemency to nine individuals, including a former congressman and three-term Connecticut governor, and commuted the sentence of three more people, including a Chicago gang leader. Source link
Read MoreChina’s Honor developing humanoid robots in US$10 billion AI plan
The company is building its own agentic AI services that will be integrated into its software for smartphones and other devices Published Thu, May 29, 2025 · 07:27 AM HONOR Device, the smartphone maker spun out from Huawei Technologies, is developing humanoid robots as part of its push into China’s crowded artificial intelligence (AI) arena.…
Read More“Love Letters,” Received Forty Years Too Late
The vast spectrum of streaming platforms is like so many libraries: countless treasures line the shelves but little attention is paid to them. One of the virtues of the Criterion Channel, however, is that its track record of presenting canonical classics and recent masterworks lends instant prominence to its new additions. That’s how, in a…
Read MoreTesla targets June 12 launch of robotaxi service in Austin
[SAN FRANCISCO] Tesla is poised to begin its long-awaited robotaxi service in Austin on Jun 12, according to a source familiar with the matter, a milestone in Elon Musk’s plan to reshape the company around driverless vehicles and artificial intelligence. The previously unreported date was discussed internally and could still change, said the source, asking…
Read MoreNvidia gives solid forecast, even as China slump mars growth
[SAN FRANCISCO] Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed on results. Sales will be about US$45 billion in the second fiscal quarter, which runs to July, the company said on Wednesday (May 28). That included the loss of roughly US$8…
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