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Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Yousef Gamal El-Din | CNBCEgypt's pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency. The steps were meant to facilitate an agreement with the…
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Sergey Brin says Google ‘definitely messed up’ with Gemini launch
Sergey Brin, president of Alphabet and co-founder of GoogleDavid Paul Morris | Bloomberg | Getty ImagesGoogle co-founder Sergey Brin, in a rare public appearance over the weekend, told a group of artificial intelligence enthusiasts that…
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Haiti declares state of emergency amid double jailbreak, gang violence
This screen grab taken from AFPTV shows tires on fire near the main prison of Port-au-Prince, Haiti, on March 3, 2024, after a breakout by several thousand inmates.Luckenson Jean | Afp | Getty ImagesA 72-hour state of emergency has been…
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TMX CEO jumps deeper into ETFs
The Toronto Stock Exchange's parent company has already completed a major deal this year: its acquisition of ETF education company VettaFi.According to TMX Group CEO John McKenzie, the deal helps expand its exchange-traded fund business…
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OpenAI says Musk claims in lawsuit ‘stem from Elon’s regrets’ he’s out
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesOpenAI executives disputed claims Elon Musk laid out in a lawsuit on Thursday, and said the Tesla…
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Elon Musk sues OpenAI and CEO Sam Altman over contract breach
Elon Musk is suing Microsoft-backed OpenAI and its CEO, Sam Altman, among others, alleging they abandoned the company's founding mission to develop artificial intelligence "for the benefit of humanity broadly."In a lawsuit filed Thursday…
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Birkenstock (BIRK) earnings Q1 2024
Birkenstock on Thursday beat holiday quarter revenue expectations, reporting a 22% year-on-year jump, as the German sandal company benefited from higher pricing and rising U.S. demand.As a newly public company, Birkenstock is still…
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Russia relishes Macron humiliation after NATO denial on ground troops
Russian President Vladimir Putin and Defence Minister Sergei Shoigu attend a wreath-laying ceremony, which marks the anniversary of the beginning of the Great Patriotic War against Nazi Germany in 1941, at the Tomb of the Unknown Soldier…
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Honor developing own smart ring after Samsung debuts Galaxy Ring
George Zhao, Chief Executive Officer of Chinese consumer electronics brand Honor, smiles as he shows the new Honor Magic 6 Pro smartphones during a presentation on the eve of the Mobile World Congress (MWC), the telecom industry's…
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Mauritius blocks Norwegian Cruise Line ship over cholera fears
The first cruise ship, 'Norwegian Dawn' to arrive at Portland Port since the arrival of the Bibby Stockholm immigration barge, is seen docking, on July 26, 2023 in Portland, England.Finnbarr Webster | Getty Images News | Getty ImagesA…
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