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CNA938 Rewind - The Wellness Hour - Can AI replicate EQ?

CNA938 Rewind - The Wellness Hour - Can AI replicate EQ?

CNA2 days ago

CNA938 Rewind
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On World Emotional Intelligence Day, The Wellness Hour explores a rising concern in the age of AI—are we neglecting EQ? While tools like ChatGPT may outscore most humans on IQ, they lag behind in EQ. Dr Sue McNamara from global EQ non-profit Six Seconds joins Cheryl Goh to discuss the risks of relying on emotionally tone-deaf AI, the rise of the 'emotional recession' in workplaces, and why empathy and emotional agility are now must-have skills for the future of work.

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Gen Z and Millennials are confident in spotting scams, yet are the first to jump into new investments
Gen Z and Millennials are confident in spotting scams, yet are the first to jump into new investments

Independent Singapore

time16 hours ago

  • Independent Singapore

Gen Z and Millennials are confident in spotting scams, yet are the first to jump into new investments

Are Gen Z and Millennials too clever for their own good? While these risk-tolerant investors may feel the most confident about spotting scams, they're also the most likely to jump into new investment opportunities, sometimes without conducting proper due diligence . A recent survey by forex broker experts at BrokerChooser found that 76.22% of 25- to 34-year-olds are 'confident' they can spot investment scams, and 32.62% even said they are 'very confident.' Across all age groups, 60.20% of respondents felt confident spotting scams—but only 16.8% were 'very confident,' with that number dropping to just 8.67% among those over 55. At the same time, a striking 91% admitted they would act in ways that could expose them to fraud. When asked what they'd do when presented with a new forex investment platform 'pending regulation,' claiming to have 2,000 investors and offering returns of 15% to 20% per month, 35.67% of respondents aged 25 to 34 said they'd ask friends or family if they'd heard of it. According to the report, this is a form of social proof that scammers often exploit. Millennials (26.53%) and Gen Z (20.21%) said they would 'test' the platform by investing a small amount, compared to just 3% of Boomers, unknowingly exposing themselves to greater risk. This comes as investment scams surge worldwide. In 2024 alone, Infosecurity Magazine reported that fake investment domains jumped 25% compared to the previous year, with nearly 13,000 fake investment domains detected across more than 7,000 IP addresses. Globally, it is estimated that over US$1 trillion was stolen through scams, according to the Global Anti-Scam Alliance. Despite these, interest in investing among younger adults continues to rise. About 30% of Gen Z started investing while still in university or early adulthood—over three times more than Gen X (9%) and five times more than Boomers (6%). BrokerChooser also found that younger investors are more likely to be swayed by common scam tactics. Almost one in five Gen Zs (19.96%) said screenshots of profitable trades would convince them to invest, while 15.03% would trust celebrity or influencer endorsements. See also Is Cash Out Refinancing a Smart Financial Move? 'This is concerning given that two out of three forex customers typically lose money and the fact that 50% of fraud now involves the use of AI, which can be used to fake images,' it noted. Notably, OSC research found that people were 22% more likely to invest in AI-enhanced scams than in traditional ones. Meanwhile, 35.37% of Millennials said they would trust testimonials from so-called 'successful traders,' even though these could be easily faked or paid endorsements to create a false sense of credibility. One of the most common red flags, unregulated platforms claiming to be 'pending approval,' still manages to hook people. When asked how they would verify the legitimacy of a forex trading platform, 23.15% of respondents said they would ask the broker directly for copies of their licences and certificates. However, this can be risky, as it relies entirely on trusting the broker's word, who may provide forged or misleading documentation. See also Best fixed deposit rates in Singapore for Jan 2024 Krisztián Gátonyi, from BrokerChooser, said, 'It's critical that people learn to pause and verify, checking for official registration with financial regulators and scrutinising contact information.' He noted, 'A quarter of young investors admit to making impulsive decisions in order to keep up with current investment trends, often leaving little time to properly evaluate the risks. Amid a sharp rise in investment scams, this behaviour is particularly dangerous, especially as fraudsters grow increasingly sophisticated in how they present themselves.' 'With the rise of AI, we're now seeing realistic fake websites, chatbot 'advisors', and even deepfake videos of celebrities endorsing bogus schemes. It's becoming harder for even seasoned investors to separate genuine opportunities from high-tech fraud,' he added. /TISG Read also: Fraud and scams driven by generative AI are now among the biggest cyber threats in the financial sector

US, China to hold trade talks on Jun 9 in London, Trump says
US, China to hold trade talks on Jun 9 in London, Trump says

CNA

time21 hours ago

  • CNA

US, China to hold trade talks on Jun 9 in London, Trump says

WASHINGTON: Three of President Donald Trump's top aides will face their Chinese counterparts in London on Monday (Jun 9) for talks to resolve a trade dispute between the world's two largest economies that has kept global markets on edge. US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will represent Washington in the talks, said Trump, who announced the talks in a post on his Truth Social platform but provided no more details. It was not immediately clear who would represent China. The Chinese embassy in Washington did not immediately respond to a request for comment. The White House did not immediately respond to a request for more details. "The meeting should go very well," Trump wrote. Trump also said on Friday that Chinese President Xi Jinping had agreed to restart the flow of rare earth minerals and magnets to the US. Asked directly by a reporter aboard Air Force One whether Xi had agreed to do so, Trump replied: "Yes, he did." He added: "We're very far advanced on the China deal. The scheduling of the meeting comes a day after Trump spoke to Chinese President Xi Jinping in a rare leader-to-leader call amid weeks of brewing trade tensions and a battle over critical minerals. Trump and Xi agreed to visit one another and asked their staffs to hold talks in the meantime. Both countries are under pressure to relieve tensions, with the global economy under pressure over Chinese control over the rare earth mineral exports of which it is the dominant producer and investors more broadly anxious about Trump's wider effort to impose tariffs on goods from most US trading partners. China, meanwhile, has seen its own supply of key US imports like chip-design software and nuclear plant parts curtailed. The countries struck a 90-day deal on May 12 in Geneva to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump's January inauguration. That preliminary deal sparked a global relief rally in stock markets, and US indexes that had been in or near bear market levels have recouped the lion's share of their losses. The S&P 500 stock index, which at its lowest point in early April was down nearly 18 percent after Trump unveiled his sweeping "Liberation Day" tariffs on goods from across the globe, is now only about 2 percent below its record high from mid-February. The final third of that rally followed the US-China truce struck in Geneva. Still, that temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically governed Taiwan and US complaints about China's state-dominated, export-driven economic model. Since returning to the White House in January, Trump has repeatedly threatened an array of punitive measures on trading partners, only to revoke some of them at the last minute. The on-again, off-again approach has baffled world leaders and spooked business executives. Beijing sees mineral exports as a source of leverage, halting those exports could put domestic political pressure on the Republican US president if economic growth sags because companies cannot make mineral-powered products. In recent years, the United States has identified China as its top geopolitical rival and the only country in the world able to challenge the US economically and militarily.

Tan Tock Seng Hospital explores AI for faster, more accurate screening of breast cancer
Tan Tock Seng Hospital explores AI for faster, more accurate screening of breast cancer

CNA

timea day ago

  • CNA

Tan Tock Seng Hospital explores AI for faster, more accurate screening of breast cancer

Artificial intelligence will be used for breast cancer screening in at least one hospital in Singapore so patients can get faster and more accurate detection. This is as women who have gone for breast cancer screening in Singapore remains much lower than other developed nations. This is despite the disease being the most common cancer among women here. Dr Priyanka Rajendram, Clinical Head of Cancer Prevention & Control at the Singapore Cancer Society, discusses the low breast cancer screening numbers. She talks about reasons why women are not going for them and what can be done to encourage more to get screened.

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