By Hannah Lang (Reuters) – The evolution of “open banking” in the U.S. could impact how regulators supervise banks, as seamless account portability between financial institutions could lead to increased deposit outflows, a top banking regulator said on Wednesday. While data portability will likely be empowering for consumers, it could also increase the liquidity risk…
By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms Inc on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark Zuckerberg further moved to streamline the business in a bid to make 2023 a “year of efficiency.” Meta in March became the first…
By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms Inc on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark Zuckerberg further moved to streamline the business in a bid to make 2023 a “year of efficiency.” Meta in March became the first…
By James Pearson BELFAST (Reuters) – China is aiming for “global technological supremacy” in cyberspace and is using its cyber capabilities to conduct intelligence and surveillance campaigns, Britain’s cyber chief said on Wednesday. Lindy Cameron, director of the National Cyber Security Centre (NCSC), part of Britain’s GCHQ eavesdropping spy agency, said Britain had a “legitimate…
By Will Dunham WASHINGTON (Reuters) – The relationship between the human mind and body has been a subject that has challenged great thinkers for millennia, including the philosophers Aristotle and Descartes. The answer, however, appears to reside in the very structure of the brain. Researchers said on Wednesday they have discovered that parts of the…
(Reuters) -Nasdaq Inc on Wednesday reported first-quarter profits that beat Wall Street estimates as demand for its anti-financial crime software helped mitigate a hit to the exchange operator’s indexing business and a slump in initial public offerings. Nasdaq expanded its regulatory technology footprint with its recent $2.75 billion Verafin acquisition and has made the business…
By Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Wednesday gave Turkey’s state-owned lender Halkbank another chance to avoid criminal charges in the United States for allegedly helping Iran evade American economic sanctions, but rejected a key defense mounted by the bank. The justices in a 7-2 decision threw out a lower court’s ruling…
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Wednesday gave a boost to Texas death row inmate Rodney Reed’s bid for DNA testing of crime-scene evidence that he argues will help exonerate him in the 1996 abduction, rape and murder of a 19-year-old woman. The justices, in a 6-3 decision, overturned a lower…
(Reuters) – General Electric Co’s workers have ratified a two-year contract extension that provides for a 12% rise in wages, their union said on Wednesday. The contract extension, which covers about 3,000 American workers of GE, will also ensure labor protections after the spinoff of the company’s aerospace and energy divisions, according to the International…
By Gloria Dickie and Lisi Niesner NY-AALESUND, Norway (Reuters) – At the world’s northernmost year-round research station, scientists are racing to understand how the fastest-warming place on Earth is changing – and what those changes may mean for the planet’s future. But around the tiny town of Ny-Aalesund, high above the Arctic circle on Norway’s…
