AFP
13875 articles published since 08 Mar 2022
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Former SVB head draws outrage at hearing on US bank failures
Executives from two failed US banks faced tough questioning Tuesday as senators railed against the lenders' risk management practices and lofty executive pay. But the failure of both SVB and Signature Bank -- which also had former executives on the witness stand -- has been blamed in government reports on poor management, given the speedy growth of both lenders.
ChatGPT's Altman pleads to US Senate for AI rules
Sam Altman, the chief executive of ChatGPT's OpenAI, told US lawmakers on Tuesday that regulating artificial intelligence was essential, after his chatbot stunned the world. "OpenAI was founded on the belief that artificial intelligence has the potential to improve nearly every aspect of our lives, but also that it creates serious risks," Altman told a Senate judiciary subcommittee hearing.
Brazil's Petrobras scraps international price peg
Brazilian state-run oil company Petrobras said Tuesday it has ended its policy of pegging fuel prices to the international market, an overhaul promised by President Luiz Inacio Lula da Silva that had initially triggered investor jitters.
Second death of detainee in Venezuela graft probe
A second detainee arrested in a huge anti-corruption investigation in Venezuela has died, the country's attorney general Tarek William Saab said. In April, another detainee committed suicide, according to authorities, but rights groups have demanded an independent investigation into that death. erc-pgf/lab/ial/bc/mlm
OpenAI CEO tells US senators regulation is 'critical'
Sam Altman, the chief executive of ChatGPT's OpenAI, told US lawmakers on Tuesday that regulating artificial intelligence was essential, after his chatbot stunned the world. "OpenAI was founded on the belief that artificial intelligence has the potential to improve nearly every aspect of our lives, but also that it creates serious risks," Altman told a Senate judiciary subcommittee hearing.
QatarEnergy awards $10 bn gas contract to Technip Energies, CCC
QatarEnergy said Tuesday it awarded a contract worth about $10 billion to a joint venture of France's Technip Energies and Consolidated Contractors Company, in the Gulf emirate's latest major gas deal. "Technip holds a comfortable majority of the capital," a source close to the French company told AFP. Consolidated Contractors Company (CCC) is a global engineering and construction firm.
Republicans, Democrats trade blame before US debt talks
President Joe Biden and Republican leaders are set to reconvene Tuesday for crunch talks on raising US borrowing limits, with a possible debt default now just weeks away. - Breaking the stalemate - Little progress was made in the first round of talks between Biden and congressional leaders last week, with both sides blaming each other for the stalemate.
Martha Stewart, 81, is oldest Sports Illustrated swimsuit cover model
American lifestyle guru Martha Stewart has become the oldest cover model for Sports Illustrated's annual swimsuit edition, at the age of 81. "Usually I'm motivated by pay but this time I was motivated by showing people that a woman my age can still look good, feel good, be good," Stewart said in a video on Sports Illustrated's swimsuit edition website.
US retail sales, industrial production post April gains
Retail sales in the United States returned to growth in April fueled by a rebound in motor vehicle sales, data released Tuesday showed, but not by as much as many expected. - Strong vehicle production - A separate report released Tuesday by the Federal Reserve showed industrial production rose 0.5 percent month-on-month, beating median expectations of economists surveyed by MarketWatch.
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