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Former Deutsche Bank trader

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Frontier AI & Machine Learning 04 Oct 2026, 09:17 PM IST

McKinsey Says AI Could Create More Jobs Than It Destroys After Displacing 11 Million Workers

McKinsey is projecting that artificial intelligence will ultimately generate more jobs than it eliminates, even as it warns of a near-term shock that could displace about 11 million workers in the United States alone. The consultancy’s latest workforce analysis underscores a widening divide between occupations that can be automated and those that will remain dependent on human judgment, physical presence, and interpersonal skills.

By RDU Global Wire5 min read
World Politics & Diplomacy04 Oct 2026, 09:46 AM IST

Five European States Move Toward Third-Country Deportations as EU Endorses Migrant Return Hubs

Five European countries are advancing plans to send rejected asylum seekers to third countries, following a model long associated with the United States, as the European Union moves to formalize so-called return hubs. The shift reflects mounting political pressure across Europe to curb irregular migration, even as rights groups warn that externalized deportation schemes could expose vulnerable people to legal and humanitarian risks.

6 min readRead →
Global Markets & Equities11 Oct 2026, 08:12 AM IST

UK Court Quashes Rate-Rigging Conviction of Former Deutsche Bank Trader

A London court has overturned the conviction of a former Deutsche Bank trader jailed over interest-rate rigging, marking another major setback for the UK’s long-running prosecution of benchmark manipulation cases. The ruling adds to a growing series of quashed convictions, intensifying scrutiny of how the Serious Fraud Office handled one of the financial crisis era’s most consequential enforcement campaigns.

5 min readRead →
Global Markets & Equities11 Oct 2026, 07:09 PM IST

Ex-Deutsche Bank Trader’s Rate-Rigging Conviction Overturned in Major Blow to UK Prosecution

A British appeals court has overturned the conviction of a former Deutsche Bank trader jailed over interest-rate rigging, marking a significant setback for prosecutors in one of the financial crisis era’s most closely watched misconduct cases. The ruling adds fresh uncertainty to the legacy of global benchmark manipulation probes that reshaped banking compliance and sent several traders to prison.

5 min readRead →

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