US Fed Expected To Keep Rates On Hold And Debate Timing Of Cuts
The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest rates this year, but it is almost certain to leave its key lending rate unchanged for the time being.
Global Stocks Mostly Up Despite Tepid Consumer Confidence Data
Global equities mostly rose Tuesday despite lackluster consumer confidence data in the United States and Germany, as the tech-linked Nasdaq pushed higher.
China New Year Holiday Spending Surges Past Pre-pandemic Levels
China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.
China's Economy Hit By Worst Consumer Prices For The First Time In 14 Years
According to official data published by the National Bureau of Statistics, China's consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.
British Journalist Sentenced To Prison In Malaysia For Defaming Queen
The journalist has alleged that she is being targeted because of her reports that exposed the 1MDB scandal.
Nearly Three-Quarters Of Employers 'Don't Know' How To Implement AI, New Study Shows
According to Gallagher's newly released State of the Sector report, 71 per cent of HR and Communication leaders said their organisation had provided zero guidance on when, where or how to use the technology.
More Than Half Of Undergraduates Use AI To Help With Essays, New Study Shows
Many people are excited by its potential to enhance learning and reduce workload, but there is equal concern over a potential epidemic of AI-based cheating.
AI Won't Take As Many Jobs As Expected, Suggests New Study
While several reports have emerged recently sounding the alarm for job loss due to the impact of AI, a new study has said the damage may not be as bad as anticipated.
Reported £19 Billion Surge in Mortgage Costs as Fixed-Rate Deals Near-Expiry
Around 1.5 million households are anticipated to have increased mortgage costs due to the housing crisis as the period of fixed-rate deals is ending.
Nobel Prize-Winning Economist Says Generative AI Could Create A 4-Day Workweek
According to Christopher Pissarides, a shorter workweek will not necessarily result in a loss in pay.
UK Announces Almost GBP30 Bn Of Private Investment At CEO Summit
Prime Minister Rishi Sunak on Monday announced GBP29.5 billion ($37.2 billion) of private funding for new UK projects as more than 200 CEOs descended on London for the 2023 Global Investment Summit.
Cooling US Inflation Raises Hopes Of An End To Rate Hikes
US consumer inflation cooled more than expected last month, according to government data published Tuesday, providing welcome news for policymakers looking to control price increases without damaging the economy.
UK Global Investment Summit Draws Global CEOs and Innovators to Boost Economic Prospects
The summit, jointly hosted by Prime Minister Rishi Sunak and Business Secretary Kemi Badenoch, aims to position the UK as a leading global business destination and attract billions of pounds in strategic investments.
OpenAI CEO Sam Altman Under Fire For Comparing Capabilities Of AGI To Median Human
According to Sam Altman, AI systems will not only automate some tasks but also create "new and much better jobs".
UK Black History Month 2023 Celebrates Black Women As It Looks Back 75 Years After Windrush
October is UK Black History Month. The theme in 2023 is "salute our sisters" as Britons pay homage to the numerous contributions of black British women.
Tech Entrepreneur Tomas Gorny Strikes Again: Leverages Conversations To Help Businesses And Customers Connect
His hometown village in Poland had just one telephone. Today, Tomas Gorny's Arizona-based tech firm is valued at $2.7 billion.
Stock Markets Across the G20 Are under Strain as They Face a Host of Challenges
Whilst high interest rates are putting pressure on Western stock exchanges, China and Russia are facing difficulties of their own.
US Fed likely to pause rate hikes despite higher inflation
The US Federal Reserve is widely expected to hold interest rates steady on Wednesday after a summer of mixed economic data, while leaving the door open to another hike if needed.
UK researchers develop model which uses AI for air traffic control
Researchers in the UK have designed a computer model in which artificial intelligence can direct flight movements, instead of human beings.
Meta to launch AI chatbots with personalities to retain users
The multinational technology company are developing variations of chatbots with different personalities and functions in a bid to improve user retention.
Researchers train artificial intelligence to help detect breast cancer
With the support of AI detection, there will be improvements in the accuracy of medical diagnostics as well as earlier breast cancer detection.
Asian markets mostly gain ahead of key rate decisions
Equities mostly rose Monday in Asia with investors gearing up for policy decisions at major central banks this week, while concern over the Chinese economy continued to dampen sentiment.
Digitisation of consumer finance is getting closer to disrupting the resilience of traditional players
Though traditional banks and credit card providers have thus far thrived in the face of new models of consumer finance, they are finally facing a challenge.
The UK will lead on limiting the dangers of artificial intelligence, says PM Rishi Sunak
The UK will lead on "guard rails" to limit the dangers of AI, says Rishi Sunak, signalling that the government may seek to adopt a more cautious approach to the development of AI.
SMEs who aren't selling internationally can 'lose out'
Brad Sheer, COO of Stream, suggests businesses could "lose out" if they don't branch out and diversify, given that catering to an international market creates a more resilient company.
Samsung bans use of AI tools like ChatGPT over security concerns
Samsung has asked its employees to refrain from using AI tools like ChatGPT on company-owned devices.
Many UK businesses should adopt AI over the next year, according to research
By investing in AI, UK businesses can gain a competitive edge, allowing them to stay ahead of the curve and remain relevant in an ever-evolving digital age.
AI voice cloning tech used in kidnapping scam
Deep fakes and the invention of AI applications such as ChatGPT have people worried about the impact they might have on the world.
Goldman Sachs invests $2 billion in Black women-owned businesses
The global financial institution, Goldman Sachs has announced that it will invest more than 2 billion dollars into Black women-owned businesses and organisations through its One Million Black Women program.
Analysis-HSBC, Goldman gender pay gaps widen in UK as finance makes slow progress
HSBC, Goldman Sachs, Morgan Stanley and Standard Chartered reported a widening in the gap between what they paid women and men in 2022, according to data reviewed by Reuters.