Writing the summary…
Trump wants AI to be rebranded as super intelligence. Will it work?
Source: BBC Business
Original reporting
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CNBC
Trump-Xi summit puts AI safety talks on the table but neither side wants to slow down
Recent weeks have seen AI safety fears reach new heights. That will be a key focus for the U.S. and Chinese leaders, analysts told CNBC.
CNBC
Treasury yields little changed as oil price oscillates
Yields on U.S. Treasurys held steady early Wednesday, as oil prices were volatile.
CNBC
McDonald's will spend big on restaurant upgrades, training to drive growth
The plans are part of the fast-food giant's new growth strategy, called McDonald's > NEXT.
The Guardian
UK watchdog investigating Pornhub over concerns it can still be accessed by children
Ofcom says site’s age-checking regime may not be ‘highly effective’, as required by the Online Safety Act One of the world’s most visited pornography websites is being investigated by the UK’s communications watchdog over concerns it can still be accessed by children. Pornhub’s age checking regime may not be “highly effective”, according to Ofcom, and could be in breach of online safety laws requiring strict measures to prevent under-18s from accessing sexually explicit content. Continue reading...
CNBC
Iran says Trump’s threats a sign of ‘strategic desperation,’ floats conditions for Hormuz reopening
Tehran's proposal could pave the way for restoring traffic through the Strait of Hormuz, reviving fragile hopes for a diplomatic off-ramp.
The Guardian
Legal & General to cut 1,000 jobs by mid-2027
Programme will initially involve voluntary redundancies in the UK but the insurance and pensions firm will consider mandatory job cuts depending on the take-up Legal General plans to cut 1,000 jobs by the middle of next year, about a tenth of the British insurance and pensions firm’s workforce. António Simões, the chief executive, is wielding the axe as part of his attempts to create a “leaner organisation” since taking over from longtime CEO Nigel Wilson in January 2024. L G described the move as “the next stage of that transformation”. Continue reading...