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StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash
StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash
Standard Chartered CEO Bill Winters and his team spent Wednesday in damage-control mode after the head of the London-based international bank told investors on Tuesday that artificial intelligence would be used to replace "lower-value human capital," sparking a backlash online.
"Many of you will have seen media coverage following the Investor Event in Hong Kong, particularly the reporting around automation, AI, and workforce changes," Winters wrote in an internal memo to employees on Wednesday that was seen...
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May 26, 2026 / Dave DeCamp
Senior Russian MP Says Russia Will Begin Targeting Underground Bunkers Used by Ukrainian Leadership in Kyiv
A senior member of Russia’s parliament on Tuesday said that Russia is planning to escalate its attacks on Kyiv by targeting underground facilities and bunkers used by Ukrainian military commanders and leadership. Russia has informed the US and its European allies to evacuate their personnel from the Ukrainian capital as Moscow is planning major strikes […]
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Aug 5, 2026 / Tyler Durden
Tit-For-Tat: China Hits Back At US With Tighter Drone Export Controls
Tit-For-Tat: China Hits Back At US With Tighter Drone Export Controls
Sino-US relations are showing renewed signs of deterioration ahead of President Xi Jinping's expected visit to the US in late September. Beijing is retaliating against a series of recent U.S. trade restrictions.
The Financial Times reports that the Commerce Ministry is set to review exports of drones, critical components, and related dual-use technologies on a "case-by-case basis." The report did not mention the exact details.
The ministry also barred Chinese companies from dealing with Applied DNA Sciences and five other U.S....
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Apr 5, 2026 / Tyler Durden
The New York Times Made A Humiliating Error, And Trump Is Just Loving It
The New York Times Made A Humiliating Error, And Trump Is Just Loving It
Authored by Matt Margolis via PJ Media,
The New York Times set out Friday to embarrass President Donald Trump over his hardline stance on NATO. It wound up spectacularly backfiring on them.
AP Photo/Mark Lennihan, File
Several NATO nations have declined to join a U.S.-Israel military operation targeting Iran. Alliance members also refused Trump's requests to deploy their forces to reopen the Strait of Hormuz, much to the chagrin of President Trump, who figures that if NATO allies won’t...
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