The comprehensive Digital Services Act (DSA) of the European Union imposes new regulations on content moderation, user privacy, and transparency, putting more than a dozen of the largest internet businesses in the world under unheard-of legal scrutiny. In the EU,… Read More ›
Month: August 2023
White-Collar Occupations Will Be Affected By AI First, According To IBM CEO, But It May Benefit Workers Rather Than Replace Them
In an exclusive interview with CNBC that aired on Tuesday, IBM Chairman and CEO Arvind Krishna predicted that white-collar jobs will be among the first to be affected by artificial intelligence. According to him, generative AI and big language models… Read More ›
As Import Restrictions Are Relaxed, The Pakistani Rupee Falls To A Historic Low
Following the lifting of import restrictions that increased demand for the dollar, Pakistan’s rupee closed at a record low of 299 rupees against the dollar on Tuesday in the interbank market, according to statistics from the central bank. In order… Read More ›
The Fed’s Long-Term GDP Prognosis Is Bleak, But The Economy Hasn’t Yet Understood This
The US Federal Reserve finally came to terms with the slow U.S. recovery from the 2007–2009 recession during its policy meeting in September 2016. This followed years of consternation. According to transcripts of a meeting where policymakers cut their median… Read More ›
China’s Baidu Reports A 15% Increase In Sales, Exceeding Estimates
The second quarter revenue for Chinese tech company Baidu exceeded expectations, increasing by 15% year over year and supported by increase in advertising. According to Refinitiv statistics, this was the fastest quarterly year-over-year increase speed in two years. In pre-market… Read More ›
How Did The Once Highly Acclaimed Company WeWork Reach Its Decline?
Once hailed as the office of the future, WeWork. However, there is currently “substantial doubt” regarding it. What happened? Beginning in 2018, David Born, the owner of Born Licencing, a modest character and film licencing company with headquarters in the… Read More ›
Report Claims Saudi Border Guards Killed Hundreds Of Migrants
According to a recent Human Rights Watch investigation, Saudi border guards are responsible for the widespread murder of migrants along the Yemeni border. According to the story, hundreds of people have reportedly been shot to death, many of them Ethiopians… Read More ›
Exports From Japan Drop For The First Time Since 2021, Raising Concerns About The Future
For the first time in over two and a half years, Japan’s exports declined in July due to weaker demand for chip-making equipment and light oil, highlighting worries about a possible global recession as important markets like China deteriorated. According… Read More ›
With Its Focuses On Cheaper Materials In The Future, GM Supports An EV Battery Startup.
According to the company’s announcement on Wednesday, General Motors is funding a Silicon Valley startup to expedite the creation of a more cost-effective battery chemistry for its next electric vehicles. A two-year-old Mountain View, California, firm called Mitra Chem utilises… Read More ›
A Technical Recession Hits The Netherlands
Following a decrease of -0.4% between January and March, the Dutch GDP shrank by -0.3% quarter-on-quarter in the second quarter of 2023. Additionally, GDP in the second quarter was 0.3% lower than it was in the corresponding quarter in 2022…. Read More ›