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Moneyweb
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106
Unlocking Africa’s economic and investment potential
- Standard Bank Group is doubling down on the African continent, hosting Africa Unlocked Conference.
- Bank showcases commitment to supporting businesses across Africa with tailored solutions and expertise.
- Standard Bank's unique vantage point and partnerships play a key role in Africa's growth.
- The bank actively participates in global markets to prepare and support African businesses.
- Africa Unlocked Conference highlights Standard Bank Group's dedication to unlocking Africa's potential.
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Engadget
1w
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Indeed and Glassdoor are cutting more than 1,000 jobs
- Job-hunting platforms Indeed and Glassdoor, both owned by Recruit Holdings Co., are cutting over 1,000 jobs primarily in research and development and people/sustainability departments.
- Glassdoor CEO Christian Sutherland-Wong is exiting as part of the executive shuffles.
- Recruit Holdings Co.'s President and CEO emphasized the importance of AI in driving product experiences and innovation.
- The use of AI in job searching and hiring has been highlighted as an area of focus amidst the job cuts.
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Forbes
1w
38
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Your Social Security Payments Could Be Cut in Half—Here’s Why
- Starting in August, the Social Security Administration (SSA) will be clawing back overpayments, potentially reducing recipients' checks by up to 50%.
- Overpayments can occur due to various reasons such as changes in income, living situation, or inaccurate information, leading to benefit miscalculations.
- The SSA plans to recoup $72 billion in improper payments made from fiscal year 2015 through 2022, with a significant increase in the withholding rate to 50% starting in April 2025.
- Over 2 million people had their Social Security payments clawed back in 2023, and the program is crucial for millions of Americans, particularly older women and people of color, to stay above the poverty line.
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Bloomberg Quint
1w
930
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It’s All About AI And Jobs
- Around a quarter of Indian CMOs lack responsible AI guidelines and believe their teams lack necessary talent for AI.
- CMOs face gaps in responsible AI, talent readiness, and data utilization, impacting ambition versus execution.
- Microsoft saved $500 million using AI in call centers but also cut 15,000 jobs, focusing on customer-facing roles.
- Salesforce reports 30% of internal work is AI-handled, sparking discussions on technology's impact on job necessity.
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Livebitcoinnews
1w
42
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Dogecoin Eyes $0.5 in 2025—Ozak AI Has Bigger Potential at $5
- Dogecoin is projected to potentially reach $0.5 by 2025 based on market sentiment and celebrity endorsement, but operates largely on speculation.
- Ozak AI, a project combining AI and blockchain, differentiates itself with real-world utility, decentralized data processing, and intelligent forecasting capabilities.
- While Dogecoin aims for a modest increase, Ozak AI, currently in presale at $0.005 with a long-term target of $1 and predictions up to $5, offers greater upside potential.
- The crypto market surge sparks institutional interest in AI and blockchain, with Ozak AI listed on CoinMarketCap and CoinGecko, positioning it for substantial growth compared to Dogecoin.
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Guardian
1w
285
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Zonal pricing is dead. Now Miliband should be less absolutist on his 2030 goals | Nils Pratley
- Miliband rejects zonal pricing, opting to tweak internal network charges instead.
- Constraint costs soar due to windfarm restrictions, highlighting urgent need for reforms.
- Miliband faces pressure to reduce consumer bills while ensuring grid infrastructure readiness.
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Bloomberg Quint
1w
396
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India Now Makes Faster Payments Than Any Other Country, Courtesy UPI: IMF Note
- India now leads in faster payments globally, driven by the rapid growth of UPI (Unified Payments Interface), as per an IMF note.
- IMF's Fintech Note highlighted UPI's growth since its launch in 2016, processing over 18 billion transactions monthly and surpassing other digital payment methods in India.
- The note emphasized the value of interoperable payment systems like UPI, encouraging increased digital payment adoption and a decrease in cash transactions.
- Authors of the note recommend monitoring the emergence of dominant private providers in the ecosystem and ensuring a competitive, open, and interoperable system.
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Bloomberg Quint
1w
85
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NPCI International Payments Expands UPI Acceptance To Boost Digital Payments
- NPCI International Payments Ltd. is expanding Unified Payments Interface (UPI) acceptance in the UAE to boost digital payments and support a cashless economy.
- The platform aims to enable UPI in high-frequency sectors like retail, hospitality, entertainment, transportation, and essential services by collaborating with regulators and acquirers.
- The initiative supports the UAE's goal of achieving 90% digital transactions by 2026 and enhances payment experiences for Indian travelers visiting the UAE.
- NPCI International's partnerships in the UAE with financial institutions and payment providers have facilitated QR-based UPI acceptance at outlets like Dubai Duty Free and Lulu Hypermarket.
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Bloomberg Quint
1w
340
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Google’s Gemini AI App Can Now Turn Photos Into Short Video Clips
- Google's Gemini AI app now allows paid users to convert photos into short video clips. The feature is available to subscribers of Google AI Ultra and Pro plans in select regions.
- Users can create 8-second video clips with sound based on a photo and text description. The videos are generated as MP4 files at 720p resolution in a 16:9 landscape format.
- The feature is powered by Veo 3, Google's latest video generation model. The AI tool aims to bring still images to life but may have limitations in accurately representing faces or complex prompts.
- Google restricts the creation of videos featuring publicly identifiable figures or encouraging dangerous activities. While the tool excels in animating objects and nature scenes, it may struggle with complex prompts like changing a person's appearance accurately.
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Bloomberg Quint
1w
391
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Italy’s Ferrero Agrees To Buy Kellogg In $3.1 Billion Deal
- Ferrero International SA has agreed to acquire WK Kellogg Co. for $3.1 billion, offering $23 per Kellogg share in cash, representing a 31% premium from Kellogg's closing price.
- Ferrero's acquisition of Kellogg will expand its empire of comfort foods, diversifying its portfolio and boosting its foothold in the US market.
- Kellogg, struggling with growth since being split into two businesses, will see Ferrero invest in and grow key brands like Frosted Flakes and Rice Krispies.
- The deal, expected to close in the second half of 2025, has been unanimously approved by Kellogg's board. Ferrero aims to strengthen Kellogg's position in the US market amidst changing consumer trends.
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Bloomberg Quint
1w
218
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Bain Capital Sells 1.9% Stake In Embassy Office Parks REIT For Rs 691 Crore
- Private investment firm Bain Capital divested a 1.9% unitholding in Embassy Office Parks REIT for Rs 691 crore through an open market transaction.
- Bain Capital's affiliate sold over 1.78 crore units at an average price of Rs 388 apiece.
- Details of the buyers of Embassy Office Parks REIT units remain undisclosed.
- Embassy Office Parks REIT raised Rs 1,550 crore through debentures and term loans to refinance debt and reduce interest costs.
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Bloomberg Quint
1w
150
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Samsung Plans To Unveil Its First Trifold Smartphone In 2025
- Samsung plans to release its first trifold smartphone later this year to compete with Huawei in the foldable technology market.
- The trifold will join Samsung's lineup that already includes three foldable smartphones, unveiled at the recent Unpacked event in New York.
- Huawei introduced the world's first trifold smartphone in September, setting the stage for Samsung's upcoming entry into this innovative technology segment.
- Apple is also anticipated to enter the foldables market next year, following Samsung's and Huawei's initiatives.
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Bloomberg Quint
1w
60
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Fed’s Waller Backs Balance Sheet Runoff, Shift In Composition
- Federal Reserve Governor Christopher Waller supports reducing the size of the US central bank's balance sheet and shifting its composition to include more short-term assets.
- Waller mentioned that the balance sheet should shrink, but not as much as some Fed watchers and economists have suggested.
- He indicated that the ideal bank reserves should be around $2.7 trillion to maintain an 'ample' level, which would result in a balance sheet of $5.8 trillion compared to the current $6.7 trillion.
- The article suggests that Federal Reserve Governor Christopher Waller backs balance sheet runoff and a shift in composition to adjust the reserve balances to the appropriate levels.
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Bloomberg Quint
1w
242
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Deepak Fertilisers Enters Long Term Pact With Petronet LNG For LPG Regasification
- Deepak Fertilisers and Petrochemicals Corporation Ltd have entered a long-term agreement with Petronet LNG Ltd for regasification of Liquefied Natural Gas.
- Per the agreement, Petronet LNG will regasify about 25 Trillion British Thermal Units of LNG annually for a period of five years, primarily at its Dahej terminal.
- The regasified gas will be supplied to Deepak Fertilisers' manufacturing facilities at Taloja, Mumbai, for internal consumption, enabling a value chain from gas to final products like NPK fertilisers and industrial chemicals.
- Deepak Fertilisers' last mile regasification contract positions the company uniquely to offer products like Ammonia and Nitric Acid, extending up to downstream final products.
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Bloomberg Quint
1w
156
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UK, Bharti Back Eutelsat In €1.5 Billion Push To Rival Starlink
- The UK and Bharti Group have invested in Eutelsat in a €1.5 billion push to compete with Starlink in the global satellite Internet market.
- Eutelsat, with a fleet of 669 satellites, is now the second-largest satellite operator globally.
- The funding round includes contributions from the UK, France, Bharti Group, and other strategic investors, aimed at advancing Eutelsat's capabilities and expanding its low-earth orbit and geostationary satellite operations.
- The investments will be raised in two phases with an expected completion by end-2025, pending regulatory approvals, to accelerate innovation and expand Eutelsat's global presence in response to growing satellite Internet demand.
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