HANOI, May 25 (Reuters) – Vietnamese electric vehicle (EV) maker VinFast said it was recalling all the first batches of vehicles it shipped to the United States last year following a warning safety certificates issued by the American authorities. The move came after the US National Highway Traffic Safety Administration (NHTSA) said 999 of VinFast’s … Read more
May 23 (Reuters) – UBS Group AG (UBSG.S) said on Tuesday it was negotiating with Swiss authorities over loss protections related to its takeover of Credit Suisse Group AG (CSGN.S) and its demands capital regulations. The disclosure underscores how aspects of the merger between the two banks, hastily arranged over a weekend in mid-March by … Read more
May 23 (Reuters) – Shutterstock Inc (SSTK.N) said on Tuesday it would buy motion-picture platform Giphy Inc from Meta Platforms Inc (META.O) for $53 million in cash, months after that the Facebook owner has agreed to divest the company over competition concerns. Last year, the UK competition regulator ordered Meta to sell Giphy over concerns … Read more
COPENHAGEN, May 22 (Reuters) – Novo Nordisk (NOVOb.CO) and Pfizer Inc (PFE.N) released data separately on Monday showing that pills in the same class as Novo’s increasingly popular diet drugs, such as than Wegovy, are about as effective as these injected drugs, giving a boost to both companies’ stocks. Novo Nordisk said data from a … Read more
Watchdogs race to keep up with massive AI rollout While waiting for new laws, regulators adapt existing ones Generative tools face privacy, copyright and other challenges LONDON/STOCKHOLM, May 22 (Reuters) – As the race to develop more powerful artificial intelligence services such as ChatGPT heats up, some regulators are relying on old laws to control … Read more
BNPL providers must carry out background checks before lending Must notify customers when credit limits increase Zip COO: A change would mean “business as usual” SYDNEY, May 22 (Reuters) – Australia has said it will regulate buy-it-now and pay-later services as a consumer credit product under new laws, requiring BNPL providers to make background checks … Read more
TOKYO, May 20 (Reuters) – Leaders of the Group of Seven (G7) countries on Saturday called for the development and adoption of technical standards to keep artificial intelligence (AI) “trustworthy”, saying the governance of technology has not kept pace with its growth. While G7 leaders, meeting in Hiroshima, Japan, acknowledged that approaches to achieving “the … Read more
May 18 (Reuters) – An advisory group to the World Health Organization (WHO) recommended on Thursday that this year’s COVID-19 booster shots be updated to target one of the currently dominant XBB variants. New formulations should aim to elicit antibody responses to either XBB.1.5 or XBB.1.16 variants, the advisory group said, adding that other formulations … Read more
May 18 (Reuters) – The U.S. Justice Department is considering legal action to block Korean Air’s (003490.KS) proposed acquisition of Asiana Airlines, Politico reported on Thursday. The U.S. Department of Justice has been investigating the November 2020 deal for about two years and fears it could harm competition on overlapping routes to the U.S., the … Read more
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