Twenty of the top internet giants pledged jointly on Friday to fight artificial intelligence disinformation during this year’s elections. The industry is concentrating on deepfakes, which can imitate important players in democratic elections or spread misleading information about voting by… Read More ›
Month: February 2024
With Competition From China Intensifying, US And European Automakers Scramble To Cut The Price Of EVs.
Major European and American automakers are under intense pressure from their Chinese rivals to reduce the cost of electric vehicles in order to offer prices and profit margins that are comparable to those of fossil fuel versions, according to industry… Read More ›
IEA Is Turning Fifty And Is It Going Green? IEA’s Climate Turn Derated At Its Anniversary Meeting
This week, leaders in the energy sector, including ministers of energy, oil executives, and green investors, convened to commemorate the International Energy Agency’s founding 50 years ago and evaluate its evolving function as a global guide guiding the transition from… Read More ›
Recession Hits The UK Making Sunak’s Election Challenge Much More Difficult
The recession that hit Britain’s economy in the second half of 2023 presented a challenging environment for Prime Minister Rishi Sunak, who has pledged to accelerate growth in front of the anticipated 2024 election. The gross domestic product (GDP) shrank… Read More ›
The $1.5 Trillion Commercial Property Issue Faced By European Banks
Amidst investor concerns about lenders’ ability to handle risk and a sharp decline in office prices on both sides of the Atlantic, European banks have around 1.4 trillion euros ($1.50 trillion) in loans to the ailing commercial real estate sector…. Read More ›
Global Office Market Decline Is Causing Banks To Lose More Loans, According To Morningstar DBRS
According to credit rating firm Morningstar DBRS, banks throughout the world will probably continue to lose money on office property loans as additional defaults result from a brutal collapse in valuations, which was announced on Wednesday. Due to increased borrowing… Read More ›
To Maintain Its Green Aims, Europe Might Need To Better Allocate Private Funds
According to a discussion document released by the European Union recently, the EU may need to do more to encourage private capital to make sustainable investments or risk falling short of its net-zero economy goals. The informal discussion document from… Read More ›
Global Carbon Markets Saw A $949 Billion Record In Value Last Year, According To LSEG
According to LSEG analysts on Monday, the value of traded carbon dioxide (CO2) permits globally hit a record 881 billion euros ($948.75 billion) in 2023, up 2% from the year before. Emissions trading systems (ETS) have been implemented in a… Read More ›
US And Canadian Businesses Start 2024 By Laying Off Staff
Businesses in the US and Canada have begun the year by eliminating thousands of jobs across a range of industries, a hint that the wave of layoffs that began in 2023 may continue as they try to control expenses. Despite… Read More ›
After Moody’s Cut, Israel’s Yaron Argues Israeli Economy Will Rebound, But Action Is Still Required
Governor of the Bank of Israel Amir Yaron affirmed that the nation’s economy was robust and would bounce back from the effects of the conflict, but he also urged the government to resolve concerns brought up by Moody’s, which had… Read More ›