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Bank boss sorry after describing workers as 'lower value human capital'
Bank boss sorry after describing workers as 'lower value human capital'Just nowShareSaveAdd as preferred on GoogleJemma CrewBusiness reporterPaul Yeung/Bloomberg via Getty ImagesThe boss of Standard Chartered has apologised after describing employees whose jobs are vulnerable to being replaced by Artificial Intelligence (AI) as "lower value human capital".Discussing how automation was likely to lead to thousands of job cuts at the bank at a recent conference, Bill Winters said it wasn't about co...
Can credit card debt affect your Social Security benefits?
MoneyWatch: Managing Your Money Can credit card debt affect your Social Security benefits? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and...
What SurveyMonkey Found About The Hidden Cost Of AI At Work
LeadershipLeadership StrategiesWhat SurveyMonkey Found About The Hidden Cost Of AI At WorkByDr. Diane Hamilton,Contributor.Forbes contributors publish independent expert analyses and insights. Curiosity expert improving engagement, innovation, and productivity.Follow AuthorMay 22, 2026, 09:33am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.What SurveyMonkey Found About The Hidden Cost Of AI At WorkgettyMany years ago, I...
India battles power cuts as heatwave boosts electricity demand to record
Some parts of India are grappling with power cuts as record-breaking heat has pushed electricity demand to an all-time high in excess of 270 gigawatts, spurring a government call for consumers to limit use. An El Niño weather pattern is bringing above-average summer temperatures across the subcontinent in May, with nighttime outages running from 40 minutes to an hour in the manufacturing and infotech hub of Chennai, residents said. “South Chennai has seen frequent power cuts over the past two da...
Why people are investing in real estate in Karnal: Expert insights
Tier-2 cities are driving India's real estate boom, with Karnal emerging as a prime North Indian destination. Its strategic location, robust industrial base, and planned infrastructure, including upcoming RRTS connectivity, offer premium living without the congestion of metros. This makes Karnal an attractive hub for both residents and investors seeking luxury and convenience.
MILLIONS of families could face soaring bills as Andy Burnham vows to overhaul council tax in Labour lurch to Left
MILLIONS of families could face soaring bills as Andy Burnham vows to overhaul council tax in Labour lurch to LeftSee more Daily Mail on Google - save us as a Preferred SourceBy JAMES TAPSFIELD, UK POLITICAL EDITOR and SOPHIE CHURCH - POLITICAL REPORTER Published: 14:20, 22 May 2026 | Updated: 14:20, 22 May 2026 e-mail View comments
Adecco CEO Warns of Hit From Swiss 10 Million Population Cap
Staffing company Adecco Group AG has spoken out against a proposal to cap Switzerland’s population at 10 million, warning that restrictions on labor movement would curb economic growth and even harm society.
Itausa, GIC and Equipav Said to Create Group to Bid for Copasa
Itausa SA, the Singapore sovereign wealth fund GIC and Equipav Saneamento SA are planning to jointly bid to become strategic investors in the privatization process for Copasa, the sanitation company owned by the government of Minas Gerais, according to people familiar with the matter.
Here's how much interest a $15,000 CD account can earn now
MoneyWatch: Managing Your Money Here's how much interest a $15,000 CD account can earn now We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He wr...
Lucky Motors partners with China's GAC as it bets fuel shock will drive EV switch
Lucky Motors is betting fuel-price shocks and rooftop solar adoption will speed up electric vehicle demand, as it launches EVs with Chinese state-owned automaker Guangzhou Automobile Group (GAC) and plans local assembly as early as the year-end, its CEO told Reuters. The launch comes as local consumers face their sharpest fuel price increases in years, with prices double those of four years ago, as the US-Iran conflict disrupts supply through the Strait of Hormuz. “Every crisis has an opportunit...
BofA’s Hartnett Warns Mega-IPOs Risk Bubble Like Roaring ‘20s
Mega IPOs like those eyed by SpaceX and OpenAI threaten to push the weighting of tech in equity benchmarks beyond market-bubble levels of concentration, according to Bank of America Corp. strategist Michael Hartnett.
AI-Fueled Rally Puts S&P 500 on Track for Eighth Weekly Gain
US equity futures rose as investors struck an upbeat tone ahead of a long holiday weekend, with optimism fueled by hopes for resolution of hostilities in the Middle East, resilient economic data and relentless enthusiasm for artificial intelligence-linked trades.
Kevin Warsh to Be Sworn In as Fed Chair Today
Kevin Warsh is set to be sworn into office as the 17th chair of the Federal Reserve, taking over at a tense moment for the economy and the central bank. Krishna Guha, Evercore ISI vice chair and head of central bank strategy, talks about how Warsh will manage monetary policy. (Source: Bloomberg)
Musk’s Latest Venture Gives Space Stocks Their Own Tesla Surge
With the highly-anticipated debut of SpaceX on the US stock market around the corner, euphoria for Elon Musk’s rocket venture is drawing comparisons to Tesla Inc.’s effect on electric-vehicle stocks.
Kayne Anderson Raises $5 Billion for Latest Real Estate Fund
Kayne Anderson Capital Advisors’ real estate arm has raised $5.12 billion for its largest-ever opportunistic fund, blowing past its original target of $3 billion amid booming demand for healthcare and consumer-related services.
Deutsche, JPMorgan See Weaker Canadian Dollar as Inflation Cools
Deutsche Bank and JPMorgan are piling up on wagers that the Canadian dollar will continue to fall in 2026 as the country’s tame inflation readings fuel a rethink of the Bank of Canada’s interest-rate hike outlook.
Mercuria Gets October UK Trial in Multibillion Dollar Hormuz Spat
Commodity trader Mercuria Energy Group Ltd. was granted an early trial over an alleged distortion to the world’s benchmark oil tanker rate that it argues is costing the company hundreds of millions of dollars.
Pets at Home hoping for boost under new boss despite consumer pressure
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Man pays ‘zero tax’ on Rs 5 crore land sale despite filing ITR late; why ITAT gave tax exemption
Mumbai ITAT grants capital gains tax relief to a taxpayer who filed his Income Tax Return late. The tribunal ruled that reinvesting gains into a new property before a belated return fulfills Section 54 requirements, even without depositing funds in the Capital Gains Account Scheme.
Inditex Celebrates 25th Anniversary of IPO
Customers are increasingly demanding 'experiential' retail interactions when it comes to buying clothes, whether that be online or in-store says Óscar García Maceiras, CEO of retail conglomerate and Zara owner Inditex. In an exclusive interview, he discussed 25 years of Inditex being a publicly traded company, the value of being a family-owned company, the use of AI in retail, and the importance of diversification both geographically and across product lines. He spoke on "The Pulse with Fran...