Latest news with #SquawkBoxAsia
CNBC
9 hours ago
- Science
- CNBC
Developing AI responsibly, we have one shot to get this right: De Kai
Artificial intelligence scientist De Kai offers a new way of thinking on the ethics of developing AI. He joins Squawk Box Asia to discuss his latest book, 'Raising AI: An Essential Guide to Parenting Our Future'.
CNBC
6 days ago
- Business
- CNBC
Lotte Retail Group CEO on U.S. tariff threat and impact on its business strategy
South Korea's retail conglomerate Lotte Group CEO Sam Kim tells CNBC's Squawk Box Asia about the ways that the company is grappling with the threat of higher tariffs, plus what's driving its tie-up with Singapore's NTUC Fairprice Lotte Group CEO on tariff impact and expansion strategy
CNBC
30-05-2025
- Business
- CNBC
US needs an allied strategy for AI investment in military and defense: Palantir
Mike Gallagher, Head of Defense at Palantir, says the U.S. is "narrowly ahead" in the global AI race versus China, but warns that it should not be a cause for complacency. He joins Squawk Box Asia on the sidelines of the IISS Shangri-La Dialogue 2025.
CNBC
30-05-2025
- Business
- CNBC
We have to do more as a maritime nation: New Zealand Defence Minister
Judith Collins, New Zealand's Minister of Defence, outlines the country's plan to double defense spending to 2% of GDP over the next eight years. She joins Squawk Box Asia on the sidelines of the IISS Shangri-La Dialogue 2025.
Business Mayor
20-05-2025
- Business
- Business Mayor
The most common travel scams in 9 global cities
The travel industry is one of the sectors most susceptible to fraud, with scams rising 18% during the summer peak season and 28% in the winter peak season in 2024, according to a new report. The report, published last Tuesday by the Mastercard Economics Institute, showed that fraud related to travel agency and tour company bookings is more than four times higher than the fraud average of other industries. 'Once paid, the tour may either never occur or be drastically different from what was promised,' it said. However, scam risks vary significantly from city to city, said David Mann, chief economist at the Asia-Pacific division of the Mastercard Economics Institute. 'In certain destinations, you can end up seeing a lot more of the fraud coming from the travel and the tour company side. In other cities, it can even be in things like food services. So a good example, over in Los Angeles, [food is] the biggest portion of where we see some of the fraud,' he told CNBC's 'Squawk Box Asia' on Friday. According to Mastercard's data, tourists reported the lowest rates of fraud in: San Francisco, U.S. Dublin, Ireland Seoul, South Korea Budapest, Czech Republic Edinburgh, Scotland However, travelers to these cities reported higher levels of fraud: Cancun, Mexico Hanoi, Vietnam Dhaka, Bangladesh Bangkok, Thailand The type of scams commonly reported in cities also varies, with taxi and car rental problems comprising just 2% of reported fraud cases in Hong Kong and Barcelona, but 66% in Jakarta, Indonesia, the report showed. Fraud in food services is more prominent in the U.S. and Middle East, comprising 63% of reported cases in New York City, it showed. That includes restaurants that overcharge for food, add unauthorized tips, or that steal travelers' credit card details, according to a Mastercard representative. Before the trip begins Beyond peak seasons, travel fraud is also on the rise during the booking stage, Mann said. Trip planning fraud rose more than 12% last year, the report stated, be it via doctored photographs, malicious 'confirmation' links that expose banking details, or other forms of trickery. Travelers should watch out for unusually low prices and summer rates that are 'too good to be true,' especially in popular tourist destinations that attract large crowds, the report stated. To protect themselves against fraudulent activity, travelers can set up digital wallets, buy travel insurance or book trips using a credit card with fraud protection, it said. READ SOURCE
