
Schwab to Cut Staff, Real Estate to Save $500 Million a Year
Charles Schwab Corp. is planning to cut jobs and close or downsize offices to achieve at least $500
2023-08-22 05:49

Prisons Aren't Remotely Ready for Extreme Weather
Texas was among the hottest places on Earth last week as a heat wave brought misery from Mexico
2023-07-08 20:18

Ford Sweetens Wage Offer in Proposal to Striking UAW Workers
Ford Motor Co. said it has boosted its wage increase in a new contract proposal to the United
2023-10-04 07:50

Iraq approves record 2023 budget of $153 billion with massive public hiring
BAGHDAD Iraq's parliament on Monday approved a 2023 budget of 198.9 trillion dinars ($153 billion) that sets out
2023-06-12 09:58

Thailand Raises Key Rate to 8-Year High to Win Inflation Fight
Thailand’s central bank raised its benchmark interest rate to the highest level in eight years to anchor inflation
2023-05-31 15:15

Rajasthan: India's gig workers see hope in new state law
Rajasthan state recently passed a law that aims to give social security benefits to gig workers.
2023-08-10 07:46

Elon Musk says Twitter to move behind paywall as all users forced to pay ‘small’ monthly fee
Elon Musk said X is looking to charge users a “small monthly payment” to tackle bots on the social network. X, previously known as Twitter, underwent a number of changes soon after Mr Musk, the multibillionaire owner of X Corp, bought it. The platform is now “moving to having a small, monthly payment for use of the X system” to combat “vast armies of bots”, Mr Musk said during a livestreamed conversation with Israeli prime minister Benjamin Netanyahu on Monday. However, the Tesla and SpaceX boss did not reveal how much the new plan would cost X users or what additional features subscribers would get. During the interaction with Mr Netanyahu, the Tesla titan said X currently has 550 million “monthly users” who generate 100-200 million posts per day, adding that the new change to include a “small amount of money” would be necessary to deal with the problem posed by bots. It is unclear whether the multibillionaire’s figure of 550 million monthly users includes bots and also doesn’t allow comparison with the metric the company has used to estimate its user base, called the “average monetizable daily active users” or mDAUs. But the Tesla chief said a subscription fee would make it more difficult for bots to create accounts as each bot would need a new credit card to register on the platform. “It’s the only way I can think of to combat vast armies of bots,” Mr Musk said. “Because a bot costs a fraction of a penny – call it a tenth of a penny – but even if it has to pay a few dollars or something, the effective cost of bots is very high,” he explained. The platform has historically struggled to curb the activity of bots, with the company’s former security chief Peiter Zatko telling the US Congress last year that Twitter does not even know how many automated accounts are on the site. Mr Musk even cited bots as a reason to back out of buying the social platform before he went on to complete the deal. He has also previously discussed putting all of Twitter behind a paywall. Now the Tesla boss says the rebranded X plans to introduce a new “lower tier pricing” than the $8 monthly fee it currently charges subscribers of its premium Blue service. The conversation between Mr Musk and the Israeli prime minister also touched on topics like AI regulation as well as hate speech and antisemitism on X. Mr Musk claimed during the discussion that he’s “against antisemitism” and “anything that promotes hate and conflict”. “I’m sort of against attacking any group, you know. Doesn’t matter who it is,” the Tesla chief said. Online safety experts have warned about the social media platform under “free speech absolutist” Mr Musk offering “amnesty” to accounts previously suspended for hate speech and instigating violence. Under the Tesla titan, the platform restored the account of former US president Donald Trump who was banned following the 2021 Capitol riots, as well as the profiles of Republican Marjorie Taylor Greene and neo-Nazi website founder Andrew Anglin. Read More The ex factor: the very complex love life of Elon Musk Netanyahu visits Elon Musk in California with plans to talk about artificial intelligence Turkey's President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit Musk the messiah (or a very naughty boy?) Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering
2023-09-19 13:21

Portugal PM sees budget surplus in 2023, its second in almost 50 years
By Sergio Goncalves LISBON The Portuguese government will end the year with a budget surplus, its second in
2023-10-03 15:55

UBS Amasses 1,200 Private Bankers in Asia as Region Spared Cuts
UBS Group AG initially plans to take on the bulk of Credit Suisse private bankers in Asia Pacific,
2023-06-14 16:27

Trudeau expects Canadian interest rates to come down by mid 2024
Canadian Prime Minister Justin Trudeau expects interest rates are going to start coming down by the middle of
2023-09-23 23:47

Energy Department tries to boost US battery industry with another $3.5 billion in funding
The Department of Energy is making a push to strengthen the U.S. battery supply chain — the minerals and parts that go into batteries
2023-11-15 23:52

Oil prices eye worst weekly fall since March on demand fears
By Stephanie Kelly NEW YORK (Reuters) -Oil prices were on track on Friday to post their steepest losses in a
2023-10-06 23:56
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