Economy

In the world of finance, junior bankers often find themselves entangled in a web of repetitive tasks that are time-consuming and, let’s admit it, a bit monotonous. The question looming over Wall Street now is whether these tasks could be automated by artificial intelligence (AI). In this article, we will delve into the potential implications […]

The International Monetary Fund (IMF) has strongly recommended against granting cryptocurrencies the status of official currency or legal tender, citing the need for stringent regulations. In a report issued this month, the IMF argued that a comprehensive legal foundation – that would address both private law and financial law aspects – is essential to effectively […]

Although the United States and China are now talking more, in practice little has actually changed in the strategic picture of relations between the two powers. In anticipation of Treasury Secretary Janet Yellen’s visit to the country, Beijing announced a series of export controls on critical materials required for the production of semiconductors, which is […]

Apple Inc’s stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new markets. Shares of the world’s most valuable company jumped 2.3 percent to $193.97, giving it a market capitalisation of $3.05 […]

The Federal Trade Commission (FTC) has officially sued Amazon for allegedly making it extremely difficult to cancel a Prime subscription once subscribed. The service, which costs $14.99 or £8.99 a month, has supposedly used tricky tactics to hold onto users for as long as possible, making them jump through hoops to cease payments, a practice […]

The world’s appetite for fossil fuel will continue rising to hit 110 million barrels a day by 2045, the OPEC predicted on Monday. The fossil fuel will still comprise about 29% of the global energy mix by then, the alliance claimed. “Oil is irreplaceable for the foreseeable future,” OPEC Secretary General Haitham Al Ghais stated […]

BlackRock wants the conflict in Ukraine to continue as long as possible because it is “good for business,” a recruiter for the asset management giant told an undercover reporter with Project Veritas successor, O’Keefe Media Group, in a video published on Monday. “War is really f***ing good for business,” Serge Varlay, whose since-deleted LinkedIn profile […]

Inflation in the Netherlands will remain high due to stagnating economic growth, De Nederlandsche Bank (DNB), the country’s central bank warned on Monday. After reaching a peak of 11.6% last year, Dutch inflation is expected to decline to 4.2% this year, 3.7% next year, and 2.5% by 2025, the bank’s report said. DNB reported that, […]

Anheuser-Busch InBev’s Bud Light has lost its top spot in the US beer market to Constellation Brands’ Modelo Especial, following a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Sales of Bud Light and Budweiser dropped 24.6 percent and 9.2 percent, respectively, for the four weeks ended June 3 from […]

The Federal Reserve’s decision to hold rates steady signals that central bankers believe it is time to hit pause, at least temporarily, on their aggressive campaign to tame runaway inflation. The latest data, not to mention several other factors, however, suggests it’s time for a full stop. On June 14, 2023, the Fed chose not to lift rates for […]