China's financial institutions adopt cautious stance on AI amid U.S. discussions on emerging technologies
As concerns over developing artificial intelligence technologies rise, particularly regarding Anthropic's new AI model, Mythos, China's financial institutions are reportedly taking a measured approach. This comes as U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened with leading U.S. banks to address cybersecurity threats linked to AI. The discussions highlighted the urgent need for enhanced cybersecurity assessments to mitigate potential economic disruptions that could reach into the hundreds of billions of dollars. In a recent report by Bloomberg, sources indicated that Bessent and Powell held an emergency meeting with major banking heads to discuss the implications of... [Continue Reading]
360LiveNews | 10 Apr 2026 16:37 LONDON
Protests in Caracas Demand Higher Wages and Pensions Amid Economic Crisis
In Venezuela, escalating protests have emerged as union leaders, retirees, and public sector workers have mobilised in the capital, Caracas, demanding higher wages and pensions. The demonstration occurred amid an ongoing economic crisis that has severely impacted the ability of workers to afford essentials. Police responded to the march by establishing blockades, preventing protesters from reaching the presidential palace. The protests took place on a Thursday, following a public address by acting President Delcy Rodriguez on the previous day. In her speech, Rodriguez urged both public and private sector workers to remain patient as her government attempts to navigate the... [Continue Reading]
360LiveNews | 10 Apr 2026 02:12 LONDON
US and UK Finance Regulators Meet to Strengthen Economic Stability Cooperation
On February 25, 2026, the US Department of the Treasury hosted the 12th meeting of the US-UK Financial Regulatory Working Group in Washington, DC. Participants included senior officials from key US agencies such as the Federal Reserve, SEC, FDIC, and UK regulators like the Bank of England and Financial Conduct Authority. The meeting centered on collaboration to enhance economic and financial stability amid global uncertainties. Issues addressed included regulatory approaches, market supervision, and systemic risk management. This session reaffirmed the importance of transatlantic regulatory alignment to safeguard financial markets and protect investors. The cooperation is crucial as both countries face... [Continue Reading]
Breaking-360LiveNews | 08 Apr 2026 14:45 LONDON
Hong Kong's Mandatory Provident Fund reports over HK$100 billion in losses for March, its worst monthly performance in 25 years
Hong Kong’s Mandatory Provident Fund (MPF) is facing significant financial setbacks, poised to report over HK$100 billion (approximately US$12.8 billion) in losses for March, marking its worst monthly performance in dollar terms since its establishment 25 years ago. The downturn, which lies in tandem with the Hang Seng Index's plummet to a three-year low, indicates severe impacts of recent global stock market instability and regional uncertainties. The fallout from the volatile global financial markets, exacerbated by ongoing tensions in the Middle East region, has left 4.8 million MPF members grappling with unprecedented losses, averaging HK$21,542 per member over the first... [Continue Reading]
360LiveNews | 06 Apr 2026 08:09 LONDON
