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  • Sports
    The Canadian Press

    Barbie will make dolls to honor Venus Williams and other star athletes

    EL SEGUNDO, Calif. (AP) — Barbie dolls will honor tennis champion Venus Williams and eight other athletes as part of a project announced by Mattel on Wednesday. The others being depicted as dolls are gymnasts Rebeca Andrade and Alexa Moreno, soccer players Mary Fowler and Christine Sinclair, boxer Estelle Mossely, swimmer Federica Pellegrini, paratriathlete Susana Rodriguez and track and field sprinter Ewa Swoboda. “Throughout my career, I’ve always been driven by the idea of shattering glass ce

  • Business
    The Canadian Press

    Using AI, Mastercard expects to find compromised cards quicker, before they get used by criminals

    NEW YORK (AP) — Mastercard said Wednesday that it expects to be able to discover that your credit or debit card number has been compromised well before it ends up in the hands of a cybercriminal. In its latest software update rolling out this week, Mastercard is integrating artificial intelligence into its fraud-prediction technology that it expects will be able to see patterns in stolen cards faster and allow banks to replace them before they are used by criminals. “Generative AI is going to al

  • Business
    Reuters

    Hedge funds buy Chinese stocks for fourth consecutive week

    Global hedge funds added to their holdings of Chinese equities for a fourth straight week, joining hordes of investors trying to get ahead of a rebound in the market. Hedge funds bought Chinese stocks in the past seven out of eight weeks, Goldman Sachs prime brokerage team said in a note on Friday, seen by Reuters on Tuesday. China markets have unexpectedly outperformed world's major markets so far this year with Hong Kong's Hang Seng Index up by a third from its nadir in January.

  • Business
    Reuters

    Canada's Power Corp shuts down China unit, lays off staff, sources say

    Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.