Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
For decades, migration patterns have pointed toward the world’s largest urban centers—New York, London, Tokyo, and other global capitals. But as costs rise, climate pressures mount, and technology enables more mobility, a new trend is emerging: migrants are increasingly choosing secondary cities as their destinations. These smaller but fast-growing hubs are reshaping economies, cultures, and…
Clearview AI, the facial recognition company that claims it’s scraped 3 billion images from the internet to power its face-matching system, has proposed applying its technology to everything from policing to retail to dating, according to a 2020 patent application that became public on Thursday. The patent filing was made in August — three months…
Peloton has launched a partnership with TikTok. Courtesy of: Peloton Peloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract a broader array of customers as sales and profits fall. The partnership will create a new fitness hub on the social media platform dubbed “#TikTokFitness…
The way we eat has always evolved with technology—from the invention of agriculture thousands of years ago to the rise of fast food in the 20th century. Now, a new frontier is emerging in the food industry: lab-grown meat. Sometimes called “cultivated meat,” this innovation promises to transform how we produce and consume protein, offering…
US President Joe Biden holds up a copy of the Republican’s FY2024 budget as he delivers remarks on Bidenomics and Republican economic policy during an event at Prince George’s Community College, in Largo, Maryland, United States on September 14, 2023. Kyle Mazza | Anadolu Agency | Getty Images With an economy posting significant GDP growth,…
Sylvia Rook, lead officer for fair trading at the Chartered Trading Standards Institute, said that based on information provided by Panorama, replacing country-of-origin labels with “Made in the UK” ones in this way was “incorrect” and “could potentially mislead consumers”.