By Svea Herbst-Bayliss BOSTON (Reuters) – Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday. Richard McGuire, the firm’s founder and portfolio manager, began telling investors of his decision to return outside capital […]
AI will creepily "bring people back to life" and soon use selfies to create 3D digital clones, an expert says. Tech boss Eugenia Kuyda claims we're a couple of years from having online avatars as predicted by The Simpsons. In the cartoon comedy's 2014 Days of Future Future episode, Marge loads Homer's clone on to […]
By Paul Carsten ABUJA (Reuters) – Nigeria has requested $6.9 billion from multilateral lenders to combat the impact of the coronavirus pandemic on Africa’s biggest economy, the finance minister said on Monday. Nigeria, whose revenues have tumbled with the fall in oil prices, has asked for $3.4 billion from the International Monetary Fund, $2.5 billion […]
