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United Parcel Service CEO Carol Tomé said last week that the company's largest layoffs in its 116-year history were made possible by new technologies such as artificial intelligence. Citing one example, she said machine learning allows salespeople to put together proposals without seeking guidance from pricing experts. UPS joins a growing number of companies facing two-tier AI challenges. One is to show investors how AI can help them do more with less, while avoiding the fear-mongering associated with directly linking technology to layoffs. That's it. A UPS spokesperson later said that AI does not replace employees and that management did…
The European Union is working on a formal assessment of what President Donald Trump's term will be like, and how he will respond to punitive trade measures that would hurt the region if he wins the U.S. presidential election. We are planning to respond to this. The European Commission, the European Union's executive arm, has begun preparing an impact assessment of the November vote, with particular attention to a scenario in which Trump is the winner, the people said. advertisement Continue reading below The former president's style has become increasingly aggressive, and there is a feeling among EU member states…
Oil giants returned more cash to shareholders last year than ever before, as management reined in spending on new projects and used cash for dividends and stock buybacks. There may be something in the future. ExxonMobil, Chevron, Shell, Total Energy and BP spent $113.8 billion on dividends and stock buybacks in 2023 despite weak oil prices. The spending was more than 10% higher than the previous year, when Russia's invasion of Ukraine disrupted global energy markets and boosted oil industry profits. advertisement Continue reading below Cash returns in 2023 were 76% higher than average payouts during the industry's heyday from…
In early 2021, the South African Constitutional Court found that the country's National Security Agency had illegally conducted mass interception of electronic signals through its signals intelligence agency, the National Communications Centre. Bulk interception involves the monitoring of electronic signals, such as communications signals or Internet traffic, on a very large scale, often in a non-targeted manner. If intelligence agents misused this feature, it could have a significant negative impact on the privacy of innocent people. advertisement Continue reading below The court found that there is no law authorizing the implementation of bulk surveillance and limiting its potential for abuse.…
Most of the scams reported to British financial app Revolut last year started on the meta platform's social media, with most funds lost to “get rich quick” investment schemes. The London-based fintech company found that 60% of fraud cases in the UK come from Facebook, Instagram and WhatsApp, dwarfing scams carried out on other platforms and phones. Revolut found a similar trend across Europe, with 61% of fraud emanating from meta services. advertisement Continue reading below Woody Maloof, Revolut's head of financial crime, said the Meta platform was “being used as a breeding ground for fraud” and urged Revolut customers…
Almost half of South Africa's 60 million people receive social grants, ranging from child support to pensions. The grants are intended to provide financial support to people living in poverty. The largest components of South Africa's social grants system were introduced or expanded to cover the entire population in the 1990s. Since then, the system has evolved into one of the most comprehensive in the Global South. advertisement Continue reading below In addition to direct economic benefits, subsidies have been shown to have a wide range of positive effects. These include improving child nutrition and education and increasing women's labor…
After 21 days and 40 matches, India and Australia will battle it out for supremacy in the ICC U19 Men's Cricket World Cup Final to be held in Benoni on Sunday, February 11. Skipper Uday Saharan and Hugh Wavegen (ICC – X) pose for a photo with the trophy on the eve of the India U19 vs Australia U19 final. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} This will set the stage for a new chapter in the recent history of the two cricketing nations, as senior teams from both countries clashed in the pinnacle final of both the World Test Championship final…
In an interconnected and diverse world, the protection of freedom of religion and belief has emerged as a critical concern. The issue is being discussed at both the UN Human Rights Council in Geneva and the UN General Assembly in New York, and includes human rights violations related to freedom of religion and belief.Freedom of religion or belief, or FoRB, as it has come to be known in human rights discourse, protects the right to believe or not and to act in accordance with one's conscience in matters of religion or belief. This right is just as important for atheists…
Mardi Gras, which means “Fat Tuesday” in French, is a celebration that begins on the Tuesday before Ash Wednesday. It is celebrated by millions of people around the world and is often known as Carnival. While Mardi Gras signifies his day, Carnival encompasses the entire season and begins his period of festivities beginning on January 6, also known as Epiphany.During Carnival season, many locations host weeks of parades and extravagant events featuring colorful floats and costumed people.In the United States, many southern cities participate in the celebration, including New Orleans, Louisiana, and Mobile, Alabama.In Rome, when Christianity became the main…
paris saint germain France striker Kylian Mbappe has been offered a new two-year contract worth £136m in a bid to persuade the 25-year-old to turn down a move. real madrid. (AS – Spanish)External linkarsenal A scout was sent to Molineux on Saturday to keep an eye on it. WolfWith 23-year-old Portuguese winger Pedro Neto brentford Ivan Toney is a 27-year-old England striker. (HITC)External linkFrenkie de Jong doesn't want to leave Barcelona Despite reports suggesting the Spanish club are keen to sell the 26-year-old Dutch midfielder, they have been linked with him this summer. Manchester United. (Soccer transfer)External linkof barcelona Financial…