News That Matters

Tag: America

Bank of America picks Dublin for EU hub

Bank of America picks Dublin for EU hub

Business
Bank of America has chosen Dublin as its new base to service EU clients as part of its Brexit contingency plans.It is the first US bank to confirm the Irish capital as its preferred site.Citigroup has picked Frankfurt as the base for its EU trading operations, and reports say Morgan Stanley has also chosen the German financial centre.Banks had been required to submit plans to the Bank of England earlier this month, detailing their preparations for when the UK exits the EU in March 2019.Many banks intend to set up subsidiaries in Europe so they can continue to look after EU customers if their UK-based operations lose the ability to operate across the bloc following Brexit. Bank of America currently has 700 staff in Dublin and 6,500 in the UK, of which 4,500 are based in London.Brian Moynih...
China may match or beat America in AI

China may match or beat America in AI

Finance
AT THE start of this year, two straws in the wind caught the attention of those who follow the development of artificial intelligence (AI) globally. First, Qi Lu, one of the bosses of Microsoft, said in January that he would not return to the world’s largest software firm after recovering from a cycling accident, but instead would become chief operating officer at Baidu, China’s leading search engine. Later that month, the Association for the Advancement of Artificial Intelligence postponed its annual meeting. The planned date for the event in January conflicted with the Chinese new year.These were the latest signals that China could be a close second to America—and perhaps even ahead of it—in some areas of AI, widely considered vital to everything from digital assistants to self-driving c
'Cars 3' is the No. 1 movie in North America with $53.5M

'Cars 3' is the No. 1 movie in North America with $53.5M

Entertainment
June 18 (UPI) -- The animated adventure Cars 3 is the No. 1 movie in North America, earning $ 53.5 million in receipts this weekend, BoxOffIceMojo.com announced Sunday.Coming in at No. 2 is Wonder Woman with $ 40.8 million, followed by All Eyez on Me at No. 3 with $ 27.1 million, The Mummy at No. 4 with $ 13.9 million and 47 Meters Down at No. 5 with $ 11.5 million.Rounding out the top tier are Pirates of the Caribbean: Dead Men Tell No Tales at No. 6 with $ 8.5 million, Rough Night at No. 7 with $ 8 million, Captain Underpants: The First Epic Movie at No. 8 with $ 7.4 million, Guardians of the Galaxy Vol. 2 at No. 9 with $ 5 million and It Comes At Night at No. 10 with $ 2.6 million.[embedded content]Let's block ads! (Why?) Entertainment News - UPI.com