Raising bank tax is not best choice for UK budget, IMF says

Artificial intelligence enables cyber threats by enhancing existing criminal tactics such as scams and fraud, according to Interpol. AI is enhancing existing criminal techniques rather than revolutionizing them, Bjorn R. Watne, global chief information security officer at Interpol, told CNBC on the sidelines of Tech Week Singapore on Thursday. Scam operators can use AI to…

Shopify’s chief operating officer has one word to describe employees that will thrive in the AI era: “X-shaped.” On an episode of the “Rapid Response” podcast released on Wednesday, Jess Hertz said that Shopify previously embraced the idea of a “T-shaped person” — someone with broad capabilities but deep expertise in one area. AI is changing…

Federal Reserve Board Governor Lisa Cook speaks on “The Outlook for the Economy and Monetary Policy” at the Brookings Institution in Washington, D.C., U.S., November 3, 2025. Kevin Lamarque | Reuters President Donald Trump on Friday announced an unusual legal step: He created a committee to help him decide whether to fire Federal Reserve Governor…

The default is the State Street SPDR Portfolio S&P 500 ETF at a 0.02 percent expense ratio, CNBC reported, with four other options from BlackRock, Vanguard and State Street.   Bank of New York Mellon manages the initial accounts, and families track balances through an app built with Robinhood.  Return projections deserve a client-expectations caveat.   TrumpAccounts.gov estimates a child who receives only the…

The US Treasury Department said it is imposing USD 1.2 billion in fines on Bank of America for alleged breaches of anti-money laundering and sanctions rules. Treasury said FinCEN assessed the penalty over reporting and mitigation failures tied to national security risks, alongside an USD 11.6 million OFAC settlement covering multiple sanctions programmes. Business Updated:…