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By Hanna Ziady, CNN London (CNN) — The European Union took a major step Wednesday toward setting rules — the first in the world — on how companies can use artificial intelligence. It’s a bold move that Brussels hopes will pave the way for global standards for a technology used in everything from chatbots such
Continue ReadingCNN By Hanna Ziady, CNN London (CNN) — The European Union took a major step Wednesday toward setting rules — the first in the world — on how companies can use artificial intelligence. It’s a bold move that Brussels hopes will pave the way for global standards for a technology used in everything from chatbots
Continue ReadingBy Kara Scannell, CNN New York (CNN) — FTX founder Sam Bankman-Fried will have his criminal trial split into two separate proceedings, a judge ruled Thursday, granting a request from prosecutors who worried that five of the 13 charges could be held up by a Bahamian court’s review. The move is a small win for
Continue ReadingBy Anna Cooban, CNN London (CNN) — Swedish consumers now have Beyoncé to blame for their bills, bills, bills. The chief economist at Danske Bank, the biggest bank in neighboring Denmark, said Wednesday that the singer’s decision to kick off her “Renaissance” world tour in Stockholm last month led to a surge in hotel and
Continue ReadingBy Michelle Toh, CNN Hong Kong (CNN) — China trimmed another key interest rate Thursday — the second cut this week — after a series of official data painted a gloomy picture of the post-Covid recovery in the world’s second largest economy. The People’s Bank of China lowered its key policy rate — the medium-term
Continue ReadingBy Sam Fossum, CNN (CNN) — President Joe Biden announced from a White House roundtable on Thursday that entertainment giant Live Nation (LYV) and ticketing behemoth Ticketmaster have pledged to give US consumers the ability to see the full price of tickets up front, minimizing the frequently frustrating experience of watching additional fees add up
Continue ReadingBy Vanessa Yurkevich, CNN (CNN) — The Pacific Maritime Association and the International Longshore and Warehouse Union reached a tentative agreement Wednesday after more than a year of negotiations. The contract between the two expired July 1, 2022 and 22,000 dockworkers have been working in good faith for nearly a year as the two sides
Continue ReadingCNN By Elisabeth Buchwald, CNN New York (CNN) — If inflation falls to 2% by the end of this year, that means the cost of everything will no longer be going up, right? Wrong. But that’s what the majority of UK residents think, according to a new survey from polling group Survation. What’s more, almost
Continue ReadingBy Elisabeth Buchwald, CNN New York (CNN) — The Federal Reserve is taking its first pit stop after 10 consecutive rate hikes aimed at bringing inflation down from what was a 40-year record high. Fed Chair Jerome Powell said the rate hike pause will give officials more time to evaluate the effects rate hikes have
Continue ReadingBy Allison Morrow, CNN New York (CNN) — Fox News on Wednesday acknowledged that an onscreen banner calling President Joe Biden a “wannabe dictator” was inappropriate and said it had taken steps to address the situation internally. “The chyron was taken down immediately and was addressed,” a Fox News spokesperson told CNN in a statement.
Continue ReadingBy Jeanne Sahadi, CNN New York (CNN) — After pushing interest rates up at a blistering pace — 10 straight hikes over 15 months — the Federal Reserve on Wednesday decided to hit the pause button at its latest meeting. Where does that leave consumers? Still facing high rates in many ways that directly affect
Continue ReadingCNN By Allison Morrow, CNN New York (CNN) — Fox News on Wednesday acknowledged that an onscreen banner calling President Joe Biden a “wannabe dictator” was inappropriate and said it had taken steps to address the situation internally. “The chyron was taken down immediately and was addressed,” a Fox News spokesperson told CNN in a
Continue ReadingBy Matt Egan, CNN Business New York (CNN Business) — Many top business leaders are seriously worried that artificial intelligence could pose an existential threat to humanity in the not-too-distant future. Forty-two percent of CEOs surveyed at the Yale CEO Summit this week say AI has the potential to destroy humanity five to ten years
Continue ReadingBy Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Negotiators for UPS and the Teamsters union have reached a tentative agreement on a crucial issue in their contract talks: The shipping giant has finally agreed that new delivery vans will include air conditioning, starting with vans purchased next year. It will take an
Continue ReadingBy Danielle Wiener-Bronner and Kristina Sgueglia, CNN New York (CNN) — A jury on Monday found in favor of former Starbucks regional director Shannon Phillips, who sued the company for wrongfully firing her, claiming she was terminated for being White. Phillips, who worked for Starbucks for about 13 years and managed a region of stores
Continue ReadingBy Samantha Kelly (CNN) — Google wants to make it easier for online shoppers to know how clothing will look on them before making a purchase. The company on Wednesday announced a new virtual try-on feature that uses generative AI, the same technology underpinning a new crop of chatbots and image creation tools, to show
Continue ReadingBy Gregory Wallace (CNN) — New airliners will soon be required to have a second barrier between the passenger cabin and cockpit. The Federal Aviation Administration says it has finalized a rule requiring extra security for cockpits of newly-manufactured commercial aircraft. The secondary cockpit barrier rule will apply to passenger planes manufactured starting in the
Continue ReadingBy Anna Cooban, CNN London (CNN) — Global oil demand is projected to peak in the next few years even as some major energy companies announce plans to reinvigorate their fossil fuel businesses. The world’s appetite for oil is still rising, the International Energy Agency said in a report Wednesday, but annual growth is expected
Continue ReadingBy Matt Egan New York (CNN) — Democratic Sens. Elizabeth Warren and Ron Wyden are calling on the Justice Department’s antitrust division to inspect the controversial partnership between the PGA Tour and the Saudi Arabian Public Investment Fund. In a letter to senior DOJ officials on Tuesday, Warren and Wyden argued the deal will allow
Continue ReadingCNN By Oliver Darcy, CNN (CNN) — The operation was devised on the eve of the arraignment. The chief judge presiding over the Miami federal court in which former President Donald Trump was arraigned on Tuesday had made the decision to prohibit electronics inside the courthouse, presenting a major hurdle for news organizations needing to
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