Bloomberg Switzerland’s central bank said it will continue with its policy of foreign-exchange interventions while seeking dialog with the US after the Biden administration dropped the country from its list of currency manipulators. The Treasury Department said that although the Swiss fulfilled the criteria for the manipulator label, there was “insufficient evidence” of the country trying to gain an unfair ...

Bloomberg The European Union (EU) is poised to ban artificial intelligence systems used for mass surveillance or for ranking social behaviour, while companies developing AI could face fines as high as 4% of global revenue if they fail to comply with new rules governing the software applications. The rules are part of legislation set to be proposed by the European ...

Bloomberg Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, warned for the first time that trade tensions may disrupt its access to key production equipment and hit its operations, amid increasing friction between the US and China. The company, which produces semiconductors for Apple Inc. and other major global tech companies, said in its annual report that “ongoing trade ...