Is mining set for a new wave of mega-mergers? – The Economist
The defining deal of the mining industry’s last merger wave never happened. BHP Billiton’s audacious $150bn bid in 2008 for a rival, Rio Tinto, which...
Category : News En
Banking Problems May Be Tip of Debt Iceberg – WSJ
The biggest question facing the economy lately has been: How bad will the banking turmoil be? Though two U.S. banks failed a month ago, and...
ECB Wakes Up to Greedflation as Key Culprit in Price Struggle – Bloomberg
The European Central Bank is catching up to an inflation risk that’s proving far more powerful than the wage-price spiral that policymakers have been worrying...
Watch an AI Learn to Write by Reading Nothing but Jane Austen – The New York Times
The core of an artificial intelligence program like ChatGPT is something called a large language model: an algorithm that mimics the form of written language....
US companies in distress turn to debt exchanges to dodge bankruptcy – The Financial Times
Distressed US companies are increasingly resorting to debt restructurings to avoid expensive bankruptcy proceedings, but many borrowers ultimately end up in court anyway — with...
Meta stock jumps after company reports first revenue growth in nearly a year – CNN
Facebook-parent Meta on Wednesday reported that it grew sales by 3% during the first three months of the year, reversing a trend of three consecutive...
Welcome to a new, humbler private-equity industry – The Economist
During the past decade it sometimes seemed as if anyone could be a private-equity investor. Rising valuations for portfolio companies, and cheap financing with which...
Tencent accelerates investment in overseas gaming studios – The Financial Times
Tencent is ramping up overseas investment in gaming assets, seeking to diversify away from China even as Beijing lifts punishing restrictions on the industry. China’s...
ChatGPT users can now turn off their chat history, OpenAI announces – CNBC
OpenAI began rolling out new controls Tuesday that will allow ChatGPT users to turn off their chat history. Any conversations that take place while chat...
First Republic Discloses it’s a Zombie – Wolf Street
First Republic, the San Francisco bank that started teetering in March when Silicon Valley Bank was felled by its well-connected big depositors, reported earnings this...