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Business News

Location American Business News for 20 June 2023
'It's worth all the hype': SouthState Bank deploys ChatGPT-like tech Answers that used to take employees 15 minutes to find, they can now obtain in seconds using Microsoft's Bard generative AI.
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Return to Office Enters the Desperation Phase

The New York Times - 20 Jun 2023 11:00
Return to Office Enters the Desperation Phase The next stage of getting workers back at their desks includes incentives like $10 to the charity of their choice -- and consequences like poor performance evaluations if they don't make the trek in.
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Russia's Ministry of Energy Pushes to Legalize Crypto Mining Russia's Ministry of Energy is pushing for the legalization of industrial crypto mining, and wants lawmakers to press ahead with a much-anticipated mining-related bill. Per the Russian news agency Tass, the ministry made...
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Fixing UK's draughty homes could add £40bn to economy, says Citizens Advice Report finds that raising minimum energy efficiency standards by 2030 could have huge impact beyond bills Fixing Britain's draughty homes could add almost £40bn to the economy by the end of the decade by cutting energy ...
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What Is Happening With Travelers Stock?

Forbes - 20 Jun 2023 14:00
What Is Happening With Travelers Stock? Travelers' stock (NYSE: TRV) has lost 6% YTD, as compared to the 15% rise in the S&P500 index over the same period.
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Chiefs Super Bowl Winner, Restauranteur Carlos Dunlap Plans To Play In 2023 Carlos Dunlap reflects on his climactic 2022 campaign and looks ahead to 2023 as he opens a new restaurant location in Cincinnati, the setting of his original team.
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Cybersecurity CEO Shares Story Of Perseverance And Reinvention Through the Firewall: The Alchemy of Turning Crisis into Opportunity, by Boyd Clewis is now available.
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CZ Says Binance Has Issued a Cease and Desist Notice Against Nigerian 'Scammer Entity' Changpeng Zhao, the CEO of Binance, said the recently banned Binance Nigeria Limited has been issued with “a cease and desist notice.” Zhao, who has since branded the Nigeria-registered company a “scammer entity,�...
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Saudi Arabia's Ambitious New Airline Makes Debut At Paris Air Show One of the world's newest - and most ambitious - airlines made its international debut on June 19, when Saudi Arabia's Riyadh Air took part in the Paris Air Show
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Can ExxonMobil Lead A Second Shale Revolution? Exxon CEO Darren Woods laid out his recently challenged his internal staff to double the company's per-well recoveries in its U.S. shale operations in five years.
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Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS "This would be a game-changer in how we think about money and how transactions take place," said the central bank group's Head of Research Hyun Song Shin.
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Atomic Wallet Hackers Use THORChain to Conceal Stolen $35M Funds Hackers that targeted crypto wallet Atomic Wallet in a $35 million heist earlier this month have used THORChain and Swft bridge to conceal their ill-gotten gain, according to blockchain sleuth MistTrack.
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A ransomware group that claimed responsibility for a phishing attack demanded Reddit scrap the policy that charges third-party apps for using its API.
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Paris 2024 Headquarters Reportedly Raided By Financial Investigators Reports say the raid is linked to an investigation about alleged impropriety in the handing out of certain public contracts by the games' organizing committee.
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How Pay Transparency Laws Help and Limit Job Seekers

The New York Times - 20 Jun 2023 12:16
How Pay Transparency Laws Help and Limit Job Seekers Salary disclosure laws have been a boon for workers searching for jobs that pay fairly -- but only when the advertised pay bands are narrow enough to be useful.
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Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan The government of Argentina has noted that 19% of all imports authorized in the national system were settled using the Chinese yuan in April and May. $2.72 billion in Chinese yuan were approved to complete these payments...
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Holders of complex AT1 "bail in" bonds have already moved on from their ill treatment at the hands of Swiss regulators. There may be a lesson they are missing..
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Online payments in India: How UPI is changing the face of digital transactions UPI accounted for 73% of non-cash retail payments in the country in the year to March. The platform has enabled the rise of associated financial services such as expense tracking, budgeting, and investing, and is fuellin...
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Bitcoin reaches 50% market dominance for first time in 2 years Blackrock's spot ETF filing and the Securities and Exchange Commission's crackdown on crypto are driving investors toward Bitcoin.
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Report: Zimbabwe's Central Bank Set to Launch P2P Platform for Facilitating Gold-Backed Digital Currency Transactions The Reserve Bank of Zimbabwe has said it is getting close to launching a peer-to-peer platform which will facilitate digital gold token transactions. The central bank said the launch of the platform is expected to help r...
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As Others Burned Millions To Build Robot Restaurants, This Operator Automated His For Just $200k When Andrew Simmons and a partner decided to buy a small town pizza restaurant in January 2020, little did he know a month later he'd be forced to close its doors due ...
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Acquiring customers online is proving harder than brands expected. Cue the department stores and brick and mortar shops.
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