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Apple, Disney, Warner, Lionsgate pause advertising on X

Apple CEO Tim Cook looks on following a conversation on mental health, during a spousal program on the last day of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week at Apple Park in San Francisco, California, on November 17, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Apple and Disney have …

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Disney box office flops put pressure on Iger, Bergman

Bob Iger, Disney, at Apple program Source: Apple It’s rare for Disney Chief Executive Bob Iger to acknowledge his company has had creative missteps. So when he does, it’s probably wise to pay attention. “As I’ve looked at our overall output, meaning the studio, it’s clear that the pandemic created …

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OpenAI says Sam Altman exiting as CEO because ‘board no longer has confidence’ in ability to lead

Sam Altman, Chief Executive Officer of OpenAI, and Mira Murati, Chief Technology Officer of OpenAI, speak during The Wall Street Journal’s WSJ Tech Live Conference in Laguna Beach, California on October 17, 2023.  Patrick T. Fallon | Afp | Getty Images OpenAI’s board of directors said Friday that Sam Altman …

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Germany approves financial reforms to boost its tech industry

BERLIN, GERMANY – NOVEMBER 15: German Finance Minister Christian Lindner gives a statement to the media at the Chancellery following the weekly government cabinet meeting on November 15, 2023 in Berlin, Germany. The topic was a ruling by the German Constitutional Court declaring that the coalition government’s shift of federal …

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Alibaba sheds $20 billion in market cap as cloud spinoff scrapped

Shares of Chinese tech giant Alibaba tumble on Sept. 11, 2023 after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as chairman and CEO of its cloud business. Bloomberg | Bloomberg | Getty Images Chinese e-commerce giant Alibaba saw $20 billion …

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Mastercard says wide adoption of CBDCs is ‘difficult’

BARCELONA, SPAIN – MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images) Joan Cros Garcia – Corbis | Corbis News | Getty Images SINGAPORE — There isn’t …

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Singapore to pilot wholesale central bank digital currencies in 2024

Ravi Menon, managing director of Monetary Authority of Singapore, speaks during the Singapore FinTech Festival in Singapore, on Thursday, Nov. 16, 2023. The festival runs through Nov. 17. Lionel Ng | Bloomberg | Getty Images SINGAPORE — Come 2024, Singapore will pilot the live issuance and use of wholesale central …

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IBM stops advertising on X after report says ads ran by Nazi content

Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Sunak convened this week’s AI summit in an effort to position the UK at the forefront of global …

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Amazon to let dealers sell cars on its site, starting with Hyundai

Amazon next year will allow auto dealers to sell cars through its site, starting with South Korean automaker Hyundai, the company said Thursday. The company has slowly muscled its way into the car-buying business over the years, launching digital showrooms on its site for shoppers to research and compare vehicles, …

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Treasury hunt for Russian oil sanction violators on seas intensifies

A Russian-chartered oil tanker in the sea off Morocco in an area identified by maritime technology company Windward as a hub for smuggling oil. Europa Press | Getty Images The U.S. Department of the Treasury’s Office of Foreign Assets Control announced three vessels and shipping companies being sanctioned for violating …

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