World Bank shareholders approve US$13 billion capital increase
World Bank shareholders approved a "historic" increase in the bank's lending capacity on Saturday (Apr 21) after the United States backed a reform package that curbs loans and charges more for higher income countries like China.
This week, Amazon drew widespread condemnation for selling its Rekognition AI-powered recognition technology to law enforcement agencies. According to the ACLU, at least one local law enforcement agency used the technology, which can recognize as many as 100 faces in a single image, to build a database of more than 300,000 mugshots that its deputies […]
KUALA LUMPUR (May 25): IHH Healthcare Bhd has extended the acceptance period for its enhanced revised offer to acquire a stake in India’s Fortis Healthcare Ltd by another month.
In a filing with the stock exchange, the group said it issued the extension letter today to enable the reconstituted board of Fortis until June 30 for the full consideration and evaluation of the proposal.
“The terms of the revised IHH proposal and enhanced revised IHH proposal remain unchanged and fully valid and in force,” it said in the letter.
SINGAPORE: The restructuring of water treatment firm Hyflux is credit-negative for its creditors, said Moody's Investors Service in a research report released on Friday (May 25).
However, that does not imply an industry-wide deterioration in the asset quality of bank loans to other large power ...