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StanChart to Cut Thousands of Jobs in AI Push

Standard Chartered said it plans to eliminate thousands of support roles over the next four years, joining the ranks of global lenders using artificial intelligence to trim headcount. "It's not about cost cutting," Chief Executive Officer Bill Winters said at a press briefing in Hong Kong. "It's about having a structurally more productive environment that is fit for future." Bloomberg's Tom Metcalf reports.

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Bloomberg

Global Bond Market Jitters Dominate G-7 Talks

Elevated bond yields dominated the Group of Seven meeting in Paris as finance ministers discussed how oil-fueled inflation risks overshadowing world economic prospects. The talks, which were meant to dwell on global imbalances, took place against the backdrop of US President Donald Trump's extended standoff with Iran which is keeping the Strait of Hormuz shut. Bloomberg's Oliver Crook reports.

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Bloomberg

Ebola Crisis Continues as US Missionary Tests Positive

A US missionary has tested positive for the Ebola virus after being exposed in the Democratic Republic of the Congo, the US Centers for Disease Control and Prevention said Monday. The Ebola crisis is unfolding after the Trump administration dismantled the US Agency for International Development last year and slashed foreign aid spending. Bloomberg's Jennifer Zabasajja reports.

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