IMF endorses Japan's preference of TPP over two-way trade deal
WASHINGTON: A multilateral framework like the Trans-Pacific Partnership pact works better in fixing trade imbalances than a bilateral deal, IMF Deputy Managing Director Mitsuhiro Furusawa said in an endorsement of Japan's calls for Washington to rejoin TPP.
When former Google CEO Eric Schmidt was asked about Elon Musk’s warnings about AI, he had a succinct answer: “I think Elon is exactly wrong.” “He doesn’t understand the benefits that this technology will provide to making every human being smarter,” Schmidt said. “The fact of the matter is that AI and machine learning are […]
KUALA LUMPUR (May 25): IHH Healthcare Bhd has extended the acceptance period for its enhanced revised offer to acquire a stake in India’s Fortis Healthcare Ltd by another month.
In a filing with the stock exchange, the group said it issued the extension letter today to enable the reconstituted board of Fortis until June 30 for the full consideration and evaluation of the proposal.
“The terms of the revised IHH proposal and enhanced revised IHH proposal remain unchanged and fully valid and in force,” it said in the letter.
S&P 500 companies have returned a record US$1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report on Friday showed.