Using artificial intelligence to tamper with election integrity is a “significant area of concern” that requires regulation, said the CEO of OpenAI, the startup behind ChatGPT, told a Senate hearing on Tuesday. “I am nervous about it,” CEO Sam Altman said… Read More ›
Sustainability
World’s First Detailed Crypto Laws Approved By The EU
Member states if the European Union approved the world’s first complete set of laws to regulate cryptoassets on Tuesday, putting pressure on countries such as the United Kingdom and the United States to come up. An EU finance ministers meeting… Read More ›
Salaries Of Employees At China’s Securities Regulator And Central Bank Have Been Reduced
Following adjustments imposed as part of a broader campaign to minimise wealth disparity, China’s securities regulator and central bank reduced budget allocation for staff pay in 2023. The China Securities Regulatory Commission (CSRC) budget report for 2023 was released on… Read More ›
G7 Pledges To Diversify Supply Chains And Solve Regulatory Weaknesses In Banking – Draft
According to a final draft of its communiqué, finance leaders of the Group of Seven (G7) leading nations set a year-end goal for establishing a new programme to diversify global supply chains and committed to fix regulatory holes in the… Read More ›
If US Does Not Hike Its Debt Ceiling It Would Be ‘Absolutely Devastating’, Warns UK’s Hunt
If the United States fails to strike an agreement to extend its debt ceiling and its GDP is “knocked off track,” it would be “absolutely devastating”, British Finance Minister Jeremy Hunt warned on Saturday . Hunt told reporters that the… Read More ›
VinFast, A Vietnamese EV Manufacturer, Will List In The United States Through A SPAC
VinFast, a Vietnamese electric vehicle manufacturer, announced on Friday that it will list in the United States through a combination with special purpose acquisition company (SPAC) Black Spade Acquisition Co. The move comes after the firm said last month that… Read More ›
Rolls-Royce’s Turnaround Is Going ‘At Speed’ Under New CEO
Rolls-Royce said the new CEO’s plan to enhance the firm’s profitability was advancing “at pace,” with the company on track to reach 2023 targets because to cost savings and continuous travel recovery. However, shares of the company, which has been… Read More ›
Big Banks In The US Will Pay Billions Of Dollars To Refill The Failure Fund.
The Federal Deposit Insurance Corporation (FDIC) announced that major U.S. banks will carry the majority of the expense of replacing a deposit insurance fund depleted of $16 billion by the failure of Silicon Valley Bank and two other lenders, though… Read More ›
France Secures A Battery Gigafactory Through Vigorous Lobbying And Incentives
France edged out rivals such as Germany and the Netherlands for ProLogium’s first foreign car battery facility, thanks to President Emmanuel Macron’s campaigning, deal sweeteners, and strong competitive rates, according to Taiwanese company executives. ProLogium announced this week that it… Read More ›
Saudi Arabia’s EV Strategy Is In Trouble Due To Severe Losses
In Saudi Arabia, Lucid’s electric vehicles are frequently publicly shown at public gatherings and business conferences as a representation of the country’s multibillion-dollar “Vision 2030” initiative by the crown prince. The Public Investment Fund (PIF) of Saudi Arabia, which has… Read More ›