How Ocado’s American dream fell apart

In Hong Kong and elsewhere, digital currencies, cryptocurrencies (including stablecoins) and virtual assets are gaining in popularity and are rapidly becoming a mainstream asset class, with retail investors increasingly buying into them. Here in the city, new and groundbreaking legislation has been introduced to implement a regulatory framework which specifically addresses virtual assets, cementing Hong Kong’s status as an innovative global financial hub. The incursion of cryptocurrencies and… Source link

More than a third of Hong Kong employers plan to hire more staff in 2026, according to a survey by a leading recruitment consultancy firm, which attributes the “cautious optimism” to the city’s improving macroeconomic environment. The latest edition of the Robert Walters Global Salary Survey, unveiled on Thursday, also found that 58 per cent of about 200 organisations polled had introduced artificial intelligence in their workplaces, with 49 per cent using it to optimise headcount. Conducted in… Source link

Proposed legal case understood to allege that app has breached data protection law varying driver pay rates Uber has been hit with legal demands to stop using its artificial intelligence driven pay systems, which have been blamed for significantly reducing the incomes of the ride hailing app’s drivers. A letter before action – sent to the US company by the non-profit foundation, Worker Info Exchange (WIE), on Wednesday – is understood to allege that the ride hailing app has breached European data protection law by varying driver pay rates through its controversial algorithm. Continue reading… Source link