HSBC picks Nelson as interim chair

HSBC Holdings PLC said on Friday that the chair of its group audit committee, Brendan Nelson, would takeover the role of interim group chairman after the retirement of Mark Tucker.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

AsiaOne

5 hours ago

• AsiaOne

Australia social media teen ban software trial organisers say the tech works, World News

SYDNEY - Some age-checking applications collect too much data and no product works 100 per cent of the time, but using software to enforce a teenage social media ban can work in Australia, the head of the world's biggest trial of the technology said on Friday (June 20). The view from the government-commissioned Age Assurance Technology Trial of more than 1,000 Australian school students and hundreds of adults is a boost to the country's plan to keep under 16s off social media. From December, in a world first ban, companies like Facebook and Instagram owner Meta, Snapchat and TikTok must prove they are taking reasonable steps to block young people from their platforms or face a fine of up to A$49.5 million (S$41 million). Since the Australian government announced the legislation last year, child protection advocates, tech industry groups and children themselves have questioned whether the ban can be enforced due to workarounds like Virtual Private Networks, which obscure an internet user's location. "Age assurance can be done in Australia privately, efficiently and effectively," said Tony Allen, CEO of the Age Check Certification Scheme, the UK-based organisation overseeing the Australian trial. The trial found "no significant tech barriers" to rolling out a software-based scheme in Australia, although there was "no one-size-fits-all solution, and no solution that worked perfectly in all deployments," Allen added in an online presentation. Allen noted that some age-assurance software firms "don't really know at this stage what data they may need to be able to support law enforcement and regulators in the future. "There's a risk there that they could be inadvertently over-collecting information that wouldn't be used or needed." Organisers of the trial, which concluded earlier this month, gave no data findings and offered only a broad overview which did not name individual products. They will deliver a report to the government next month which officials have said will inform an industry consultation ahead of the December deadline. A spokesperson for the office of the eSafety Commissioner, which will advise the government on how to implement the ban, said the preliminary findings were a "useful indication of the likely outcomes from the trial. [[nid:705771]] "We are pleased to see the trial suggests that age assurance technologies, when deployed the right way and likely in conjunction with other techniques and methods, can be private, robust and effective," the spokesperson said. The Australian ban is being watched closely around the world with several governments exploring ways to limit children's exposure to social media.

CNA

14 hours ago

• CNA

Dassault Aviation gets French government support for its VORTEX spaceplane demonstrator

PARIS :Dassault Aviation and the French government signed on Friday an agreement whereby France's armed forces ministry would support the development of Dassault Aviation's VORTEX spaceplane demonstrator. The agreement was signed at the Paris Airshow between French armed forces minister Sebastien Lecornu and Dassault Aviation CEO and Chairman Eric Trappier. The government support for the Dassault Aviation VORTEX project comes as President Emmanuel Macron on Friday threw France's backing behind plans for a European satellite manufacturing champion. At the Paris Airshow, Macron also called for accelerated deployment of Starlink-type satellites as he declared space the new theatre for world power competition. "At the crossroads of aviation and space technologies, the VORTEX will undoubtedly pave the way for a new generation of space aeronautics, consolidating France's strategic position as a leading space power," said Eric Trappier in a statement.

CNA

17 hours ago

• CNA

Meta partners with sports eyewear brand Oakley to launch AI-powered glasses

Meta said on Friday it has teamed up with Oakley to release AI-powered smart glasses, expanding its push into wearable tech after the success of Ray-Ban Meta glasses. The social media company is expanding its partnership with Oakley and Ray-Ban-parent EssilorLuxottica amid growing consumer interest in AI-powered wearable devices. Meta has sold millions of Ray-Ban Meta glasses since their launch and said its "Oakley Meta HSTN" will feature a hands-free high-resolution camera, open-ear speakers, water resistance and Meta AI capabilities. The limited-edition product will be available for preorder starting July 11 at $499, with additional products starting at $399 launching later this summer. Meta said the product line would roll out in North America, Australia and several European countries, with plans to expand to Mexico, India and the United Arab Emirates by the year-end. The Oakley Meta HSTN will debut this month at several major sporting events including Fanatics Fest and UFC International Fight Week. Smaller rival Snap said earlier this month it would launch its smart glasses, called Specs, for consumers next year. Companies such as Google are also exploring similar investments.