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By Scott Murdoch SYDNEY, May 20 (Reuters) – Australia’s planned tax overhaul is set to reshape the market’s investment landscape, with high-dividend blue chips poised to benefit at the expense of growth-oriented stocks, fund managers say. Under reforms unveiled in last week’s Budget, the centre-left Labor government will scrap the 50% discount on capital gains for assets held over a year and instead tax inflation-adjusted gains. A 30% minimum tax […]

SINGAPORE, May 20 (Reuters) – OpenAI will open its first applied AI lab outside of the U.S. in Singapore, the city-state’s Ministry of Digital Development and Information said on Wednesday.  Here are the details:  • OpenAI’s staffing in Singapore will grow to around 200 roles “in the next few years”, and the company said it would commit more than S$300 million ($235 million) to the city-state. • OpenAI and Singapore will […]

The NAACP is calling for Black athletes, alumni and fans to withhold athletic and financial support from public universities within Southern states that are in the process of redistricting following a recent Supreme Court decision. A 6-3 ruling in “Louisiana vs. Callais” on April 29 weakened the Voting Rights Act of 1965, calling voting districts created along racial lines an “unconstitutional gerrymander.” Critics of the decision have noted that the […]

By Selena Li HONG KONG, May 20 (Reuters) – HSBC Chief Executive Georges Elhedery said on Wednesday AI would destroy and create certain jobs in the financial industry, and the bank was retraining its workforce to meet the challenge.  Elhedery told an HSBC investor day event that staff needed to embrace AI-driven change rather than resist it and work with the bank on navigating the new technology. “We all know […]

The Chicago White Sox acquired left-hander Joe Rock in a trade with Tampa Bay on Tuesday, sending infielder Oliver Dunn to the Rays in the deal. The White Sox assigned Rock to Triple-A Charlotte upon the transaction’s completion. They also moved catcher Kyle Teel, who has a sprained right knee ligament, to the 60-day injured list to make room for Rock on the 40-man roster. Rock, 25, made his major […]

The Chicago White Sox acquired left-hander Joe Rock in a trade with Tampa Bay on Tuesday, sending infielder Oliver Dunn to the Rays in the deal. The White Sox assigned Rock to Triple-A Charlotte upon the transaction’s completion. They also moved catcher Kyle Teel, who has a sprained right knee ligament, to the 60-day injured list to make room for Rock on the 40-man roster. Rock, 25, made his major […]

SEOUL, May 20 (Reuters) – The South Korean labour union for employees of Samsung Electronics will go ahead with its planned strike on Thursday after failing to reach a pay deal under the government-mediated talks, the union leader said on Wednesday. (Reporting by Jack Kim; Editing by Tom Hogue) Brought to you by www.srnnews.com

SEOUL, May 20 (Reuters) – The South Korean labour union for employees of Samsung Electronics will go ahead with its planned strike on Thursday after failing to reach a pay deal under the government-mediated talks, the union leader said on Wednesday. (Reporting by Jack Kim; Editing by Tom Hogue) Brought to you by www.srnnews.com

By Philip Blenkinsop BRUSSELS, May 20 (Reuters) – The European Union struck a provisional agreement on Wednesday on legislation to remove import duties on U.S. goods, a key part of the trade deal reached with Washington in July and a move likely to avert higher U.S. tariffs on EU products. Under the terms of the deal struck at U.S. President Donald Trump’s Turnberry golf resort in Scotland last July, the […]