When Spain’s King Juan Carlos fell over and broke his hip while on an elephant hunt with a girlfriend in Botswana in 2012, he probably thought that Spaniards would accept this as a minor gaffe after a lifetime of public service. The monarch had, after all, weathered numerous scandals, including a string of extramarital affairs and investigations into his family’s financial affairs, during the prev...
When Spain’s King Juan Carlos fell over and broke his hip while on an elephant hunt with a girlfriend in Botswana in 2012, he probably thought that Spaniards would accept this as a minor gaffe after a lifetime of public service. The monarch had, after all, weathered numerous scandals, including a string of extramarital affairs and investigations into his family’s financial affairs, during the previous 37 years of his reign. Money was hardly a problem in his life. This time, however, Spaniards had had enough. It was the height of the eurozone crisis and there was outrage that Juan Carlos was on what was reported to be a free hunting trip while people endured the poverty, mass unemployment and terror of an economy in freefall. Within two years, the king had abdicated and was passing the crown to his son, Felipe VI. This apparent act of humility looked, at least, to guarantee a quiet retirement for a man who, although handpicked by Francisco Franco to be the rightwing dictator’s successor, was later credited with restoring and then protecting Spanish democracy after a failed coup in 1981. View image in fullscreen Former king of Spain, Juan Carlos, poses in front of a dead elephant on a hunting trip in Botswana in 2012. Photograph: Target Press/Barcroft Media But the scandals kept accumulating. In June 2018, his son-in-law Iñaki Urdangarín began a sentence of five years and 10 months at a jail in Ávila for embezzlement, fraud, prevarication, influence peddling and tax dodging. Two years later, in August 2020, Juan Carlos set off to self-imposed exile in Abu Dhabi, amid a scandal over a $100m payment into his secret Swiss bank accounts by Saudi Arabia’s royal family. Newspapers published allegations that the money, which Juan Carlos called “a gift” from the Saudi king, was for helping negotiate a contract between Saudi and Spanish companies to build a $6.7bn high-speed railway line from Medina to Mecca but Swiss authorities abandoned an investigation into this for lack o...
Season two of this competition isn’t just enjoyably easy-going TV that leaves you helpless with laughter. It’s also a fascinating insight into comedy as an artform It could easily have been a fluke. That such a simple, even lame-sounding format was responsible for three hours of the most transcendentally funny television of 2025 might well have been down to an alchemical accident. Spoiler: it wasn...
Season two of this competition isn’t just enjoyably easy-going TV that leaves you helpless with laughter. It’s also a fascinating insight into comedy as an artform It could easily have been a fluke. That such a simple, even lame-sounding format was responsible for three hours of the most transcendentally funny television of 2025 might well have been down to an alchemical accident. Spoiler: it wasn’t. Series two of the UK version of this Japanese reality-gameshow is very nearly as sidesplitting as the first. The format is identical: 10 successful comedians spend six hours in a huge room trying not to laugh or smile. One lapse gets you a yellow card; another gets you ejected. Now you must commentate on the action in separate viewing quarters with the host, Jimmy Carr, and his sidekick Roisin Conaty (who somehow manages to make her ill-defined companion role not feel painfully awkward). Mostly, the comics just chat crap to each other in the hope of making somebody laugh, but there is also a steady stream of interventions. The majority will be called up at some stage to play their “joker”, a specially devised comedy set piece performed – largely – to silence. This tends to be an impressive showcase of their talent and completely excruciating to watch. Every now and then, Carr emerges to dish out conversational prompts and orchestrate head-to-head challenges. There are also a scattering of appearances from special guests, engineered – obviously – to turn those frowns upside down. Continue reading...
Congratulations to Zendaya and Tom Holland, the widely liked gen Z power couple who recently got married after nearly a decade together. Or did they? Weeks after Zendaya’s stylist, Law Roach, seemed to spill the news on the red carpet, rumours are still swirling, with neither (alleged) bride nor (purported) groom rushing to put them to rest. Yet Zendaya seems to be fuelling speculation with her re...
Congratulations to Zendaya and Tom Holland, the widely liked gen Z power couple who recently got married after nearly a decade together. Or did they? Weeks after Zendaya’s stylist, Law Roach, seemed to spill the news on the red carpet, rumours are still swirling, with neither (alleged) bride nor (purported) groom rushing to put them to rest. Yet Zendaya seems to be fuelling speculation with her recent public appearances in all-white. Have “Tomdaya” really tied the knot, or could it all be clever marketing for Zendaya’s next film, which revolves around a wedding? At the Actor awards earlier this month, Zendaya’s long-time stylist, Law Roach, was grilled on the red carpet about his plans for her wedding dress. “The wedding’s already happened – you missed it,” he crowed. Roach told another outlet that “the wedding’s over, sorry”, and that his mind had already moved on to how he was going to dress his most famous client through her biggest professional year yet. The similarities in phrasing suggested to some that he had been briefed by the couple (or at least given permission) to start spreading the news. At the Oscars on Sunday, however, Roach was not so forthcoming with the press, only telling Extra: “I said what I said.” He took a different tack with the Hollywood Reporter, responding to their question about the Tomdaya wedding: “I think the weather is really amazing today. It’s so sunny!” Even Zendaya’s mum is keeping mum Weeks later, we still don’t know much more. The only other source “close to the couple” to go anywhere near the subject publicly has been Zendaya’s mother, Claire Stoermer, who shared Roach’s Actor awards interview on social media with a cry-laughing emoji. View image in fullscreen Screen spouses … Zendaya and Pattinson in The Drama. Photograph: Landmark Media/Alamy Zendaya attended the Oscars as a Rolex brand ambassador and to present the award for best director, along with Robert Pattinson, her co-star in A24’s forthcoming romantic thriller The D...
Brilliant yellow daffodils and the pale foam of the first fruit tree blossom (cherry plum or myrobalan) draw attention from the lichens and mosses that have thrived in winter’s rain and mild gloom. At home, in this steep orchard and encroaching woodland, the ground was used as a market garden until the 1950s. Hardy, old fashioned narcissi from those days still flower, many in their original rows a...
Brilliant yellow daffodils and the pale foam of the first fruit tree blossom (cherry plum or myrobalan) draw attention from the lichens and mosses that have thrived in winter’s rain and mild gloom. At home, in this steep orchard and encroaching woodland, the ground was used as a market garden until the 1950s. Hardy, old fashioned narcissi from those days still flower, many in their original rows and plots. Earliest to emerge are the yellows of double Van Sion (known locally as the Lent lily), Henry Irving with dainty trumpets on long stems, Princep, Helios and Carlton, already fading and past their best, succeeded by Victoria. A woodpecker has drummed for weeks and particularly cheering is the sound of a chiffchaff, returned to this partially wooded enclave. View image in fullscreen Cherry plum blossom in Virginia Spiers’ garden. Photograph: Jack Spiers On a rare day of sunshine, bumblebees seek rosemary’s blue flowers, and a brimstone flits across bright green leaves of poisonous monkshood and the day lilies, nibbled by rabbits. Startling is the increase in the sun’s warmth and height; a tracery of tree shadows is cast across the southern slope, and the old magnolia, recently pruned by the local tree surgeon of a large mossy branch split by the winter gales, is thick with purple-flushed goblets of light. Later, in a dramatic orange sky, the sun sets almost due west, beyond the clothes line, out of use throughout the wet months. Narrow lanes sport masses of primroses, although the plants along the hedge bottoms are eroded or splattered in mud by passing tractors and trailers. Downhill, in the sheltered valley of the Radland millstream, tattered blooms of Fortune (an orange cupped daffodil) mingle with dog’s mercury, arum (lords-and-ladies) and tarnished hart’s tongue fern. Bluebell leaves and ramsons creep in from old hedge-banks beneath a tangle of slumped branches and uprooted trees, all coated in mosses, polypody ferns and pennywort, perhaps becoming akin to temp...
Shoppers will not be able to splash unlimited amounts on contactless cards despite the lifting of a £100 cap on payments as Britain’s banks held off on making changes. The official limit on individual contactless transactions on credit and debit cards has been scrapped but the UK’s biggest high street and challenger banks have kept the £100 ceiling in place. The Financial Conduct Authority made th...
Shoppers will not be able to splash unlimited amounts on contactless cards despite the lifting of a £100 cap on payments as Britain’s banks held off on making changes. The official limit on individual contactless transactions on credit and debit cards has been scrapped but the UK’s biggest high street and challenger banks have kept the £100 ceiling in place. The Financial Conduct Authority made the rule change to allow banks to respond to changing consumer demands, inflation and new technology, but Barclays, HSBC, Lloyds, Nationwide, NatWest, and Santander have said they will keep the £100 limit. Among the digital-only banks, Monzo has said it will not be changing its limit, while Starling and Revolut say they have not yet made a decision. UK Finance, the banking lobby group, said banks were holding off on immediate changes because there was no widespread consumer demand and card terminals in shops would need to be altered to allow for larger contactless payments. Banks may not be changing the limits immediately but they are free to do so from now on. Many, such as Lloyds and Santander, allow customers to set their own limits in £5 increments up to £100. Contactless payments are the most popular way to pay among consumers, according to UK Finance, with 67% of credit card and 76% of debit card transactions completed by tapping. The average value of a contactless payment is just under £18. It is up to the banks to make the changes but they must communicate them clearly with consumers, according to the FCA. A spokesperson said: “We want to make sure our rules provide flexibility for the future, and choice for firms, merchants and consumers. “With strong fraud controls already in place and payment technology continuing to improve, this is about giving firms room to innovate while keeping consumer protection front and centre.” There is concern that having higher or nonexistent caps would enable criminals to make much bigger purchases on stolen cards. The City watchdog ha...
It was a remarkable, but secretive, ceremony that took place earlier this week for a class of 21 students graduating with nursing degrees in Myanmar. Hidden away from the spy drones of the country’s military junta, and working around internet blackouts, the students had trained as part of an underground health system, which has been evolving in Myanmar since the coup in February 2021 crushed a pro...
It was a remarkable, but secretive, ceremony that took place earlier this week for a class of 21 students graduating with nursing degrees in Myanmar. Hidden away from the spy drones of the country’s military junta, and working around internet blackouts, the students had trained as part of an underground health system, which has been evolving in Myanmar since the coup in February 2021 crushed a pro-democracy uprising and ignited civil war. “Safety is never guaranteed,” says Khun Sue Reh, 23, who on Monday was among the group graduating with the specially designed three-year nursing qualification. Alongside the usual coursework and exams, the students face airstrikes on the hospitals where they are training, government spy drones overhead, roadblocks and internet blackouts. The UN estimates that since the coup, 18.6 million people in Myanmar have required humanitarian assistance, 3.2 million have been internally displaced, and more than 55,000 civilian buildings destroyed. More than 200,000 people have fled to neighbouring countries including Bangladesh, India and Thailand. A parallel secret health system has emerged, treating those who cannot risk government-controlled hospitals or who live in the vast areas of the country which are outside the regime’s control. View image in fullscreen Student accommodation in Myanmar. Photograph: supplied Khun and his colleague Rosetta were already students when the coup happened, and felt compelled to join the opposition Civil Defence Movement (CDM). double quotation mark They don’t have clean water, they don’t have shelter. We’ve had bombs land right next to the classroom Marcus Wootton, RCN Khun says being part of the CDM “allowed me to stand up for my beliefs, and participate in peaceful change and take responsibility for my country’s future”. “It was the right thing to do,” says Rosetta. “I could not continue working as usual when many people around me were facing so many difficulties.” Being a nursing student, she went to com...
Tesla Inc. was sued by the sole survivor of a 2024 Cybertruck crash in California that killed three college students who were unable to escape the burning vehicle, the latest in a growing body of litigation faulting the automaker’s electrically powered doors. Jordan Miller was rescued by a friend who witnessed the middle-of-the-night crash in the San Francisco suburb of Piedmont and smashed a wind...
Tesla Inc. was sued by the sole survivor of a 2024 Cybertruck crash in California that killed three college students who were unable to escape the burning vehicle, the latest in a growing body of litigation faulting the automaker’s electrically powered doors. Jordan Miller was rescued by a friend who witnessed the middle-of-the-night crash in the San Francisco suburb of Piedmont and smashed a window with a tree branch after the doors wouldn’t open. The other occupants — driver Soren Dixon, 19; Jack Nelson, 20; and Krysta Tsukahara, 19 — all died in the vehicle of smoke inhalation. Related: Tesla Sued Over Crash That Trapped, Killed Massachusetts Driver “Despite having extensive knowledge of the dangers of its door systems, Tesla consciously disregarded the safety of occupants in Tesla vehicles, and prioritized aesthetics over function, all while refusing to make changes to its door systems,” according to the complaint, which was filed in Alameda County Superior Court. “To this day, Tesla continues to market and sell a dangerous vehicle.” Tesla didn’t immediately respond to a request for comment. Details of the crash were previously reported by Bloomberg News as part of a wide-ranging investigation into the hazards of electric door systems, which can fail and trap occupants inside vehicles, particularly after a crash. The reporting uncovered at least 15 deaths in a dozen incidents over the past decade in which occupants or rescuers were unable to open the doors of a Tesla that had crashed and caught fire. The families of Nelson and Tsukahara filed separate complaints in October over the Piedmont crash, alleging Tesla knew of issues with the doors but failed to take appropriate action. Related: Tesla Sued Over Another Fatal Crash in Growing Scrutiny of Doors Tesla’s chief designer said in September that the Austin-based company was working on a redesign of its door handles to make them more intuitive in emergency situations. In December, Tesla updated its website to s...
Public markets give a running commentary on the biggest players in private markets. Over the last year, this has gone from good to bad to worse. The sector’s long-term growth prospects may be more-or-less intact, but the next few years probably won’t feel that way. Investors are prone to bouts of exuberance and gloom about private-market investment firms. Shares in Blackstone Inc. , KKR & Co. , EQ...
Public markets give a running commentary on the biggest players in private markets. Over the last year, this has gone from good to bad to worse. The sector’s long-term growth prospects may be more-or-less intact, but the next few years probably won’t feel that way. Investors are prone to bouts of exuberance and gloom about private-market investment firms. Shares in Blackstone Inc. , KKR & Co. , EQT AB and peers fell in late 2021 as investors anticipated the end of the low interest-rate era, robbing the industry of cheap financial fuel. They regained their mojo in response to new fee-garnering opportunities from raising private credit funds — which lend directly to companies — and tapping wealthy retail investors (often in tandem). Donald Trump’s 2024 presidential election victory was seen as good for dealmaking and provided a further leg up. Blackstone president Jon Gray said last year the “ deal dam is breaking .” Then came another downswing. Corporate failures such as auto-parts supplier First Brands Group, coupled with fears that artificial intelligence could disrupt software firms, prompted concerns about private credit’s resilience. Retail investors have been yanking what money they can from the asset class. And the prospects for selling companies and realizing gains have dimmed amid the financial fallout from the US and Israeli attacks on Iran. These developments undermine the sector’s investment case, which rests largely on a simple notion: gathering a lot of sticky client money. The base fees from managing funds (as opposed to taking a cut of investment gains) are the draw. This revenue stream is cherished because private-capital managers lock up client cash for several years. Even semi-liquid retail money has some (entirely appropriate) restrictions on withdrawals. Moreover, this tasty revenue ought to enjoy sustained growth amid the secular shift from public-markets investing to private. The most closely watched metric is “fee-related earnings,” usually ma...
A new Geekbench listing has sparked fresh speculation about AMD’s upcoming Medusa Point APUs based on Zen 6. The publicly viewable results list a system named AMD Plum-MDS1 with an engineering sample. It lists 10 cores and 20 threads, 32 MB of L3 cache, 10 MB of L2 cache, and a base frequency of 2.40 GHz. The actual clock speed during the run is reported to be around 2.0 to 2.1 GHz. It is also not...
A new Geekbench listing has sparked fresh speculation about AMD’s upcoming Medusa Point APUs based on Zen 6. The publicly viewable results list a system named AMD Plum-MDS1 with an engineering sample. It lists 10 cores and 20 threads, 32 MB of L3 cache, 10 MB of L2 cache, and a base frequency of 2.40 GHz. The actual clock speed during the run is reported to be around 2.0 to 2.1 GHz. It is also notable that references to FP16 support and AVX-VNNI appear for the first time, suggesting enhanced AI and acceleration capabilities in the architecture. It is important to take a sober look at the actual benchmark values. The publicly available Geekbench 6 run shows significantly lower values than those presented in some reports. This puts into perspective the exaggerated claim that 10 Zen 6 cores at around 2 GHz are already faster than 10 Zen 5 cores running at up to 5 GHz. Such an equivalence cannot be substantiated based on the currently available data. The Ryzen AI 9 365 from the Strix Point generation, based on Zen 5, serves as a comparison. It achieves significantly higher clock speeds and remains ahead in the single-core category, while in the multi-core category, the performance gap varies depending on the dataset. The key point here is that the Medusa Point chip is very likely an early engineering sample that is neither fully optimized nor running under realistic clock conditions. The leak remains technically interesting nonetheless. The combination of 10 cores, 20 threads, and a comparatively larger L3 cache suggests that AMD is not only further developing the architecture itself but is also expanding the memory hierarchy and specialized computing units. In particular, the FP16 support visible for the first time aligns with the strategic focus on AI workloads in the client segment. The timeline has also been established. Medusa Point is considered part of the long-term roadmap and is currently expected around 2027. Accordingly, it can be assumed that current leaks m...
Czech policymakers are poised to keep interest rates on hold as inflation running below target provides a cushion against the immediate impact of surging oil costs. The central bank will keep the benchmark at 3.5% for a seventh meeting on Thursday, according to all analysts in a Bloomberg survey . Before the war in Iran erupted, officials had discussed potential cuts after headline price growth ea...
Czech policymakers are poised to keep interest rates on hold as inflation running below target provides a cushion against the immediate impact of surging oil costs. The central bank will keep the benchmark at 3.5% for a seventh meeting on Thursday, according to all analysts in a Bloomberg survey . Before the war in Iran erupted, officials had discussed potential cuts after headline price growth eased to the slowest pace in about a decade, but the Middle East turmoil pushed market expectations in the other direction. With the conflict sparking an unprecedented disruption in world oil supplies, and geopolitical risks rising, central bankers will probably emphasize rate stability and a wait-and-see strategy, according to Jan Bures , chief economist at KBC Group NV’s Czech lender CSOB AS. “Alternative scenarios, including rate hikes, are not currently being considered,” he said. “The window for such moves will only open in the second half of the year if the energy shock proves to be prolonged and severe.” As in many other emerging and developed markets, investors quickly reversed bets on the Czech Republic’s policy path following the start of the war. Market prices are now showing expectations of rate hikes in the coming months, with as many as two quarter-point increases factored in within the next 12 months. Still, board member Jan Kubicek , who has in the past expressed more hawkish views than most of his colleagues in Prague, said last week that he considered such a market move to be overdone. Read more: Czech Policymaker Touts Inflation Buffer to Shield Oil Shock The headline inflation rate is significantly below the core gauge, which represents a “relatively large buffer” to absorb the oil shock and overall price growth should stay “comfortably inside the target range” of 1%-3%, the central banker said. Another board member, Jakub Seidler , was quoted by Reuters last week as saying that the bar for rates hikes is “very high,” while Deputy Governor Jan Frait urged ...
女子亞洲盃|附加賽北韓4球大勝中華台北闖世界盃 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】亞洲盃女子足球賽附加賽,北韓4比0大勝中華台北,獲得世界盃資格。 白衫北韓上半場21次攻門,李鶴禁區頂起腳,門將程思瑜...
女子亞洲盃|附加賽北韓4球大勝中華台北闖世界盃 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】亞洲盃女子足球賽附加賽,北韓4比0大勝中華台北,獲得世界盃資格。 白衫北韓上半場21次攻門,李鶴禁區頂起腳,門將程思瑜撲到再中楣。贏就直入2027年女子世界盃,蔡恩勇連番施射都過不到中華台北防線。32分鐘,洪成玉搶點成功,頂個「彈地波」,北韓先開紀錄。 今屆入了4球的明有成賽前累積兩張黃牌,要停賽。北韓攻力依然強勁,洪成玉再一次頭槌建功,49分鐘2比0。北韓繼續用邊路傳中炮製入球,金景英頂入,52分鐘進一步拉開。 北韓領先3球都仍未收手,李明金邊路個人表演,第一腳被擋,洪成玉補中,68分鐘大演「帽子戲法」。北韓贏4比0,以亞洲盃前6身份踢入世界盃,落敗的中華台北就落入洲際附加賽。
啟德飛步跑3.29舉行 新增10公里路線 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】啟德飛步跑3月29日舉行,今年增設10公里組別。 香港馬拉松10公里,三連霸的曾曉彤、跑步教練吳嘉諾試跑部分路段。啟德青年運...
啟德飛步跑3.29舉行 新增10公里路線 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】啟德飛步跑3月29日舉行,今年增設10公里組別。 香港馬拉松10公里,三連霸的曾曉彤、跑步教練吳嘉諾試跑部分路段。啟德青年運動場起步及衝線,路線圍繞體育園,經過啟德海濱花園及承豐道公園、跑道區的海濱長廊。賽事設挑戰組、青少年組以及3公里的繽紛組,超過4,300人報名參加。
Cambodia is importing more fuel from suppliers in Singapore and Malaysia to make up for supply shortfalls from Vietnam and China, its energy minister said on Wednesday, as the US-Israeli war on Iran squeezes fuel availability globally. About a third of the 6,300 petrol stations in the country of nearly 18 million people closed last week due to uncertainty over the impact of the conflict on fuel p...
Cambodia is importing more fuel from suppliers in Singapore and Malaysia to make up for supply shortfalls from Vietnam and China, its energy minister said on Wednesday, as the US-Israeli war on Iran squeezes fuel availability globally. About a third of the 6,300 petrol stations in the country of nearly 18 million people closed last week due to uncertainty over the impact of the conflict on fuel prices, but only 5.77 per cent are closed currently, Energy Minister Keo Rottanak said. Vietnam and China have restricted fuel exports until at least the end of March to arrest potential domestic shortages. Cambodia and neighbouring Thailand stopped fuel trade after the onset of an armed conflict in July. Advertisement Thailand and Vietnam together accounted for over 60 per cent of Cambodia’s annual petroleum product imports in 2024, while Singapore and Malaysia made up nearly a third and China accounted for around 7 per cent, according to data from the International Trade Centre, a Geneva-based UN-WTO trade agency. Rottanak said Cambodia was boosting imports from Singapore and Malaysia due to export restrictions elsewhere, adding that existing suppliers are also trying to export fuel despite tightening supply. Advertisement “We’re still able to import a little bit from China. But because we have strong partnerships with global suppliers Total and Chevron, they are able to mitigate some of the risk,” he said in an interview.
JHVEPhoto/iStock Editorial via Getty Images Shares of Willis Towers Watson ( WTW ) have been a poor performer over the past year, losing about 14% of their value. While the company has reported solid financial results, shares have been beaten up in recent weeks over fears that AI solutions could threaten the insurance brokerage industry. I see a greater risk of this occurring in the consumer than ...
JHVEPhoto/iStock Editorial via Getty Images Shares of Willis Towers Watson ( WTW ) have been a poor performer over the past year, losing about 14% of their value. While the company has reported solid financial results, shares have been beaten up in recent weeks over fears that AI solutions could threaten the insurance brokerage industry. I see a greater risk of this occurring in the consumer than the commercial sphere, but it has weighed on WTW nonetheless. I last covered shares in October , upgrading Willis to a “buy,” and this was a poorly timed call with shares down 9% since then. With updated financials, now is a good time to revisit WTW. Seeking Alpha AI fears are overdone There was a period in late January/early February where advances in AI models (especially Anthropic’s Claude) led to rolling fears of mass disruption of a major industry. Seemingly every few days, a sector saw shares plunge sharply, from logistics brokers to financial advisory firms, and on February 9 th , insurance brokers were pummeled. In general, businesses that connect buyers and sellers across various sectors seem to face much of the pressure on the view that AI could easily replicate this. There is no doubt that AI will transform some industries, create disruptions, and also generate new opportunities. The exact magnitude and timing of these changes are hard to know, but at times, the market has seemed to be in a “sell first, ask questions later” mindset, and particularly as it comes to WTW, I would make several points. I have no doubt that AI will make it easier to scrape data. As a result, it certainly seems that there could be ways a consumer could use an AI agent to quickly assemble auto insurance quotes, for instance, to find the best price. As a general rule of thumb, this should be easier to do with the more generic and commoditized the insurance policy, and I view segments like consumer auto as being the most exposed to this type of disruption. As policies become more customize...
whitemay HSBC Holdings ( HSBC ) is weighing deep job cuts over the coming years as CEO Georges Elhedery bets on AI to shrink its middle and back offices, one of the first signs of how the technology could reshape Wall Street workforces, Bloomberg News reported. Non-client facing roles in global service centers are among those expected to be most impacted, although the assessment is at an early sta...
whitemay HSBC Holdings ( HSBC ) is weighing deep job cuts over the coming years as CEO Georges Elhedery bets on AI to shrink its middle and back offices, one of the first signs of how the technology could reshape Wall Street workforces, Bloomberg News reported. Non-client facing roles in global service centers are among those expected to be most impacted, although the assessment is at an early stage, according to people familiar with the matter. The changes could ultimately impact around 20,000 roles — or about 10% of its total workforce, the report said. Elhedery has carried out a radical restructuring of the lender since taking the helm in 2024. He's already cut thousands of jobs, while selling some businesses and merging or closing others. More on HSBC Holdings HSBC Holdings plc (HSBC) Presents at European Financials Conference 2026 Transcript HSBC Remains A 'Hold' Following Its 2025 Earnings HSBC Holdings plc (HSBC) Q4 2025 Earnings Call Transcript HSBC Standard Chartered poised to become first licensed stablecoin issuers in Hong Kong: report Banks ramp up Middle East security measures amid Iran conflict - report