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US pick Ajay Banga confirmed as new World Bank president
The World Bank confirmed Wednesday that Ajay Banga will be its next president, handing him the reins at a pivotal time as it looks to reshape its role to better address climate change. - Climate concerns - Banga will enter his new role at a difficult time for the world economy, with slowing global growth and high interest rates in many major economies.
'Remarkable' Alzheimer's drug reduces cognitive decline, study shows
US pharmaceutical giant Eli Lilly on Wednesday announced its experimental Alzheimer's drug significantly slowed cognitive and functional decline, results hailed as "remarkable" by experts despite some patients experiencing serious side effects.
'Remarkable' Alzheimer drug reduces cognitive decline, results show
US drugmaker Eli Lilly on Wednesday announced its experimental Alzheimer's drug significantly slowed cognitive and functional decline, results hailed as "remarkable" by experts. Lilly said it would rapidly submit its results to the US Food and Drug Administration as well as other global regulators.
US private hiring up unexpectedly in April but pay gains slow: ADP
US private sector employment heated up unexpectedly in April, according to data released by payroll firm ADP on Wednesday, although pay gains slowed rapidly as well. "Employers are hiring aggressively while holding pay gains in check as workers come off the sidelines," she added.
Hackers promise AI, install malware instead
Meta on Wednesday warned that hackers are using the promise of generative artificial intelligence like ChatGPT to trick people into installing malicious code on devices. Meta has seen "threat actors" hawk internet browser extensions that promise generative AI capabilities but contain malicious software designed to infect devices, according to Rosen.
Stellantis says easing chip crunch boosts sales
Stellantis, the world's fourth-largest automaker, said Wednesday that an easing shortage of semiconductor supplies helped drive sales in the first quarter, as more vehicles could be delivered to buyers.
Ex-Audi CEO to plead guilty over 'dieselgate' scandal
Former Audi boss Rupert Stadler will plead guilty over the "dieselgate" vehicle emissions-cheating scandal, a German court said Wednesday, which would make him the first auto CEO to be convicted in the resulting lawsuits.
US Fed likely to hike rates again as banking fears resurface
The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th -- and possibly final -- time on Wednesday, as it looks to bring down inflation while aiming to prevent fresh banking concerns from spreading.
Tech industry allowing 'deluge' of misinformation: RSF
Journalism is being battered by propaganda and increasingly sophisticated fakes, aided by AI software and a failure of oversight from tech companies, Reporters Without Borders (RSF) said Wednesday.
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