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Added on the 06/10/2021 19:05:41 - Copyright : AFP EN
Prime Minister Rishi Sunak announces £29.5 billion ($37.2 billion) of private funding for new UK projects as more than 200 CEOs descend on London for the 2023 Global Investment Summit. The investments are "a huge vote of confidence in our country's future," Sunak says in a statement before the opening of the event at Hampton Court Palace, just outside London. SOUNDBITE
Goldman Sachs on Thursday reached a massive settlement with US authorities regarding a years-long financial scandal in Malaysia. The federal investigation involved the bank's work with Malaysia's 1MDB fund, and found bribes by Goldman executives in their underwriting of $6.5 billion in bond offerings. In a statement, CEO David Solomon admitted the bank's wrongdoing and said it had improved internal risk controls to prevent another incident. The bank also announced "clawback actions" for former employees that were implicated along with reductions in top executives' compensation, including CEO David Solomon.
US-based satellite company ViaSat is teaming up with Boeing to create and deliver three new satellites that will deliver high-speed internet to remote areas around the world. The partnership was announced yesterday, months before the company is scheduled to launch its previous generation satellite, ViaSat-2, on a SpaceX Falcon 9 rocket.
When Google launched its most recent email app from the Gmail team, Inbox, it touted the app's ability to act almost like an assistant. Using artificial intelligence to suggest replies for your messages, Google will soon be rolling out a new feature called "Smart Reply." The Smart Reply feature works a bit like predictive text in keyboard apps, except that it predicts phrases you're most likely to use when replying to messages. The feature will show up to three short sentences based on the message and how people have responded to similar emails in the past.
The EU hits Apple, Google parent firm Alphabet and Meta with the first ever probes under a mammoth digital law, which could lead to big fines against the US tech giants. Announcing the move, EU Commission executive vice-president Margrethe Vestager says that "DMA (Digital Markets Act) compliance is something that we take really seriously". Since March 7, the world's biggest tech firms have had to comply with the DMA, which aims to curb their behaviour and ensure that they give users more choice. SOUNDBITE
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