HSBC chief Georges Elhedery unveils sweeping overhaul of lender

South Korean President Yoon Suk Yeol lifted his order to impose martial law after facing strong opposition from lawmakers and international allies. The national assembly unanimously rejected the martial law order, leading Yoon to announce its lifting, which sparked calls for his resignation and possible impeachment. Yoon's political future is uncertain as analysts question his ability to serve out his term amidst low public support and internal party challenges. Full Article

In extended trading, Salesforce's stock rose 6% after beating revenue expectations in the third quarter, while Okta's shares surged 16% on strong fourth-quarter guidance. Pure Storage also saw a 26% increase in its stock price due to exceeding forecasts in the third quarter. However, Box's shares declined 2.6% as the company issued disappointing guidance for the fourth quarter, and Campbell's stock fell over 3% following the announcement of CEO Mark Clouse's retirement and lower-than-expected revenue...

Entrepreneur contributors express their own opinions on the growing importance of leveraging AI and ML in the cloud, particularly focusing on the emergence of generative AI (GenAI) which has the potential to revolutionize business operations. They explain the basics of AI, ML, DL, and GenAI, highlighting the importance of cloud offerings in enabling these technologies. Practical applications and challenges of AI/ML adoption are also discussed, emphasizing the need for responsible and ethical use. The roadmap...

Shein's potential IPO in London faces concerns over forced labor allegations in its supply chains, with advocacy groups pushing the FCA to block the listing. Despite this, FCA chief executive Nikhil Rathi seems inclined to approve the IPO, citing the need for transparent disclosure of risks to investors. If approved, Shein's listing could be the largest in London's history, signaling a potential boost for the subdued IPO market, with a target valuation of £50.3 billion...

A judge ruled against Elon Musk's $56bn compensation package from Tesla for the second time, stating board members were influenced by Musk's connections. Musk criticized the decision, and Tesla plans to appeal. Despite facing headwinds like competition in China and economic challenges, Tesla reported record shipments in Shanghai, leading to increased investor optimism and share price growth. Full Article

Danish brewer Carlsberg is selling its Russian unit, Baltika Breweries, to VG Invest for $322mn after President Putin ended state control, following a decree in July 2023. The deal, expected to close soon, involves a management buyout by Baltika employees and will settle lawsuits and IP rights issues, with Carlsberg also gaining control of assets in Azerbaijan and Kazakhstan. Analysts note that while Carlsberg avoids leaving empty-handed, companies that exited Russia at the war's onset...