Citi drops rand bet
After South Africa’s surprise repo rate hold.
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Tech and finance sectors losing 28 000 jobs monthly show AI impact on labour
As tech companies now increasingly citing AI as a factor for cutting their workforce and bankers warn the technology will eliminate some jobs.
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AI turning wealth managers into emotional managers for the richest
Wealth managers keen to stay relevant in the age of artificial intelligence (AI) may soon find that clients with a mere $1 million in liquid assets are no longer worth spending human hours on.
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LIV Golf’s cloudy future, as Saudis now want sports to make money
The upstart league that challenged the supremacy of the PGA Tour, has cost the Saudi Public Investment Fund over $5 billion since its launch in 2022.
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Wall Street eliminated 10 600 jobs last year, most since 2016
Efficiency push and AI shift reshape staffing at the biggest US banks.