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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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Aug 25, 2026 / Tyler Durden
Details Of Iran's First Known Successful Cyberattack Against A UK Energy Facility
Details Of Iran's First Known Successful Cyberattack Against A UK Energy Facility
Via Middle East Eye
Iranian hackers shut down a British power plant for four days in an unprecedented cyber attack, the Sunday Telegraph reported.
According to the newspaper, the incident appears to mark the first time Iran-linked hackers have successfully shut down such a British facility.
AFP: Members of the US Air Force prepare munitions at RAF Fairford in south-west England, March 10, 2026.
The incident occurred alongside an alleged series of attacks on US water infrastructure last month, which affected at least 12 states and caused concern in the White...
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May 20, 2026 / Tyler Durden
Global Rush For "Non-Red" Suicide Drones Begins As Taiwan Sees Booming Orders
Global Rush For "Non-Red" Suicide Drones Begins As Taiwan Sees Booming Orders
Four years of war in Ukraine have rewritten how warfare is fought, accelerating the urgent need for low-cost aerial unmanned systems and ground robots. It has also prompted Taiwan to emerge as a supplier of low-cost suicide drones.
Taiwan's national news agency, the Central News Agency, reported that a Taichung-based Taiwanese drone manufacturer is now focused on producing a domestically made variant of Iran's Shahed one-way attack drone.
CNA said Carbon-Based Technology's main exports are "triangular-wing drones with a control...
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Oct 24, 2026 / Tyler Durden
Amazon, Canadians, And The Navy All Want Reactors In Indiana
Amazon, Canadians, And The Navy All Want Reactors In Indiana
Amazon, Canadians, and the U.S. Navy all showed up in Indiana this past week with reactor plans.
On Monday, AEP, X-energy and Amazon unveiled a 960 MW nuclear proposal in Sullivan County, and Canada's AtkinsRéalis signed on to study up to eight CANDU reactors. On Tuesday, Radiant said the Navy had picked it to put a microreactor at Naval Weapons Station Crane.
That's as many as 21 reactors floated in two days, in a state that has never had a commercial nuclear...
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