FILE PHOTO: A cocaine brick seized during an operation is

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FILE PHOTO: A cocaine brick seized during an operation is displayed to the media at the Peruvian police headquarters in Lima, Peru July 11, 2017. REUTERS/Mariana Bazo/File Photo

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UniCredit cuts further its stake in Turkey’s Yapi Kredi

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By Valentina Za MILAN (Reuters) – Italy’s biggest bank by assets UniCredit <CRDI.MI> took a further step on Wednesday in a strategy to streamline its structure, announcing the placement of a 12% stake in Turkish bank Yapi Kredi <YKBNK.IS>. UniCredit, which reports full-year earnings on Thursday, has been shedding assets and mending its balance sheet […]
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‘Creepy’ AI chatbot pulled from Facebook after ‘she started hating minorities’

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A natural-language artificially-intelligent chatbot has been taken offline after it began using "hate speech" while talking to users. Lee Luda had drawn praise from AI experts and ordinary internet users alike for her convincing use of slang and everyday speech. But the AI has been removed from Facebook Messenger this week after numerous complaints. It […]
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Traders maintain bets on Fed pausing on policy till later in year

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(Reuters) – U.S. short-term interest rate futures dropped but only slightly on Wednesday after the Federal Reserve wrapped up its January meeting without changing interest rates or signaling it was in any rush to do so. Bets placed in futures contracts tied to the Fed’s policy rate continued to reflect expectations that the U.S. central […]