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Standard Chartered to cut more than 7,000 jobs as it steps up AI use

London-headquartered bank will reduce back-office jobs and aims to move some workers to new rolesBusiness live – latest updatesStandard Chartered plans to cut more than 7,000 jobs over the next four years as it increasingly uses artificial intelligence.The London-headquartered lender is one of the first major global banks to lay out plans to cut thousands of jobs, citing AI as a driver to make its operations slimmer as it seeks to increase its profitability and tackle competition. Continue reading...

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Bid to form centre-right minority government in Denmark after weeks of stalemate – Europe live

Leader of the Venstre party, Troels Lund Poulsen, hoping to govern with support of the Conservatives and the Liberal AllianceNordic correspondentTroels Lund Poulsen, the leader of the centre-right Danish Liberal Party (Venstre), has shocked the political establishment with a surprise announcement in which he said he wants to form a right-leaning minority government. Continue reading...

US claims ‘emergency refugee situation’ as it admits 10,000 more white South Africans

Trump has repeatedly made false claims that white Afrikaners facing genocide with costs of resettling them at $100mThe US government has said it will increase the number of white South Africans it admits as refugees this year from about 7,500 to 17,500, claiming that “unforeseen developments in South Africa created an emergency refugee situation.”Since starting his second term in office last year, Donald Trump has repeatedly made false claims that white Afrikaners are racially targeted and face a “white genocide”, which South Africa’s government has furiously rebutted. Continue reading...

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PM Modi's Gothenburg Gambit: India Courts European CEOs In Sweden

The Gothenburg meeting was not taking place in isolation. It followed a series of landmark developments in India-EU relations, most notably the conclusion of the long-awaited India-EU Free Trade Agreement -- described by officials as the "Mother of a

WHO head ‘deeply concerned’ by Ebola outbreak as cases and deaths rise in DRC

At least 130 people thought to have been killed, says Tedros Adhanom Ghebreyesus before emergency meeting‘It’s heartbreaking’: panic in eastern DRC over return of EbolaThe director general of the World Health Organization has said he is deeply concerned about the scale and the speed of the Ebola outbreak in the Democratic Republic of the Congo.Dr Tedros Adhanom Ghebreyesus said there had been at least 500 suspected cases of Ebola and 130 suspected deaths in DRC since the new outbreak began. Thirty cases had been confirmed in DRC’s north-eastern province of Ituri, and one death and one case had been confirmed in Kampala, Uganda, he added. A US citizen has also tested positive and been transferred to Germany. Continue reading...