The Swiss government defended its role in bailing out Credit Suisse Group through its takeover by rival UBS, saying intervention to prevent the collapse of the country's second-biggest bank was necessary to avoid "disastrous" consequences.
"The Federal Council was forced to intervene to maintain…
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Lula: “Interest rates are very high”
The President of Brazil, Lula da Silva, once again insisted that interest rates at 13.75 % continue to be "very high" and are detrimental to businessmen who want to increase their investments in the country, being perceived as a figure that…
The global computer market experienced a 29 % drop in the first quarter of 2023
The global computer market, which encompasses desktops, laptops, and workstations, experienced a 29 % decline in the first quarter of 2023 compared to the same period a year earlier.
Total shipments reached 56.9 million units, representing…
SushiSwap hacking attack causes losses of $3.3 million
SushiSwap, a cryptocurrency decentralized exchange (DEX), fell victim to a cyberattack that resulted in the loss of $3.3 million worth of Ether (ETH) belonging to a user. The attack happened over the weekend and targeted the RouteProcess02…
Malaysia and China seek to create an Asian Monetary Fund to counter the dominance of the dollar
Malaysian Prime Minister Anwar Ibrahim has proposed the creation of an "Asian Monetary Fund" as an alternative to the dominance of the US dollar and the International Monetary Fund (IMF) on the world financial stage. During a meeting with…
J&J offers to pay $8.9 billion in talc lawsuits
Johnson & Johnson (J&J) announced its offer to pay up to $8.9 billion to end lawsuits accusing it of including carcinogenic compounds in its talcum powder. The US company racked up thousands of claims over this matter over the…
Joe Biden urges companies to ensure security against AI
During a meeting with his science and technology advisers, US President Joe Biden stated that the security of artificial intelligence (AI) remains uncertain. He stated that it is crucial for technology companies to ensure the safety of…
Australia banned the use of TikTok on government devices
The Australian Government prohibited the installation of the TikTok application on phones and other devices linked to the public administration, in line with the decisions that the United States Administration or the European Commission…
Activision added a new Ricochet anti-cheat system
Activision added to its Ricochet anti-cheat system the ability to detect third-party hardware that helps users illicitly enhance their Call of Duty gameplay, whether on PC or video console.
The development studio announced the global…
Norway announced sanctions against Russia
The Government of Norway announced new sanctions against Russia and its president, Vladimir Putin, in retaliation for the invasion of Ukraine and in line with the latest series of restrictions adopted by the European Union on February 25,…
Spotify permanently closed its live music platform
Spotify announced the closure of its live music application Spotify Live because it considers that it "does not make sense as a standalone application" of the streaming music and podcast platform.
The company launched Spotify Live after…
TikTok was fined by the UK for data misuse
Chinese social media platform TikTok was fined £12.7 million (about $15.9 million) in the UK for various offenses, including misuse of children's data.
According to a statement issued by the UK Information Commissioner's Office (ICO),…