In a letter to Belgium’s foreign minister, the European retail sector association Eurocommerce stated that the Red Sea situation had already had “massive impacts” on businesses and urged EU institutions and member states to resolve it in order to restore… Read More ›
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 ›
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 ›
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 ›
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 ›
The Israel-Gaza conflict and reduced oil production were to blame for the Middle East economies’ underperformance, according to the International Monetary Fund, even though the forecast for the world economy remained optimistic. “The global economy has been surprisingly resilient,” IMF… Read More ›
According to headhunters and bankers, job losses at Western investment banks in Asia are anticipated to escalate this year as revenue constraints mount from China’s escalating economic and market unrest, even as transaction opportunities improve in Japan and India. They… Read More ›
Deputy Administrator Ilya Espino of the Panama Canal told Reuters that the canal does not anticipate the need for more vessel passage limits until at least April, when its authority would assess water levels at the conclusion of the dry… Read More ›
China’s producer and consumer prices fell in January at the fastest rates in over 14 years, increasing pressure on officials to take further action to boost the country’s flagging economy and reduce the risk of deflation. Since early last year,… Read More ›
In September, a patent for a new high-performance chip was released by a military institute in Beijing. This was the first indication of China’s attempt to reshape the half-trillion dollar global semiconductor business while defying US sanctions. According to the… Read More ›
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