The Latest Existential Threat Facing Traditional Media: Chatbots
Ask Microsoft Corp.’s new Bing chatbot about Donald Trump’s indictment and the artificial intelligence tool delivers a response that strikes fear in media executives.
Bloomberg Business
As Runway Near-Misses Surge, Radar That Keeps Planes Apart Is Aging and Unreliable
(Bloomberg) — A crucial safety system that’s relied on to avoid potentially fatal collisions at major US airports is aging and plagued by outages that have left travelers unprotected for months at a time. At some airports, it hasn’t ever been installed.
China Ups Tensions, Accuses India of Kicking Out Reporters
China accused India of kicking out journalists with its official news agency, and said it would have to take corresponding measures.
Ukraine Latest: Macron Urges China’s Xi to Help; Ruble’s Slide
French President Emmanuel Macron urged Xi Jinping to use his influence with Moscow to help restore peace to Ukraine, saying the Chinese leader could bring all sides together to discuss a way to end the Russian invasion.
Vietnam Warns TikTok, Social Media Apps Over ‘Toxic’ Content
Vietnam’s communications ministry said TikTok isn’t doing enough to remove toxic and false content and warned that the government could soon take measures to restrict operations of the popular social media platform and others seen as violating national laws.
Al Ansari Surges in Dubai Debut After $210 Million IPO
Money exchange firm Al Ansari Financial Services PJSC rose in its trading debut, as Dubai’s first initial public offering this year further signaled the Middle East’s emergence as a bright spot for share sales.
Zara Owner Gets Approval to Sell Russian Business to UAE’s Daher
Inditex SA, which runs the Zara and Bershka clothing chains, obtained approval to sell its business in Russia to Daher Group of the United Arab Emirates.
Owen Wilson’s New Movie Paint Needs Some Serious Touchups: Review
Despite a fun premise that tries to bring a Bob Ross-style character to life, the film falls flat.
Abu Dhabi’s No. 2 Lender in Talks to Sell $3.7 Billion Bad Debt
Abu Dhabi Commercial Bank PJSC is in talks with funds to sell 13.5 billion dirhams ($3.7 billion) worth of soured loans, as the emirate’s second-largest lender steps up efforts to clean up its books.
IMF Economist Who Foresaw 2008 Crisis Expects More Bank Troubles
Raghuram Rajan — the former International Monetary Fund chief economist who predicted the global financial crisis more than a decade ago — warned that the banking system is headed for more turmoil after the rescues of Silicon Valley Bank and Credit Suisse.