IMF Says Global Economy Is Slowing
At a meeting of G20 finance ministers and central bank governors on Tuesday, Kristalina Georgieva, the chief of the International Monetary Fund (IMF), said that economic activity globally was slowing…
Deutsche Bank Fined $186 Million By US Federal Reserve Over Money Laundering
On Wednesday, the US Federal Reserve said it had fined Germany’s Deutsche Bank, as well as its US affiliates $186 million due to failures to address money laundering control issues…
British Pound Bounces Off UK Consumer Spending Beat
On Friday, the British pound surged following a release of data which showed that consumer spending in the UK was stronger than had been expected in June. This data came…
Exxon Mobil Set To Build Lithium Plant In Arkansas
On Thursday, the Wall Street Journal reported that Exxon Mobil is planning to build one of the biggest lithium processing facilities in the world in Arkansas. The planned facility would…
Google Working On AI Tool Which Will Write News Stories And Headlines
In yet another example of how artificial intelligence (AI) is changing the face of major industries, Google has announced that it is working on an artificial intelligence tool for news…
Public Debt Of Italy Hits Record High
New data published by the Bank of Italy shows that the public debt of the Italian government surged by almost ($5.6 billion) over the first five months of 2023, reaching…
EU Makes Buying Gas Jointly A Permanent Energy Strategy
On Monday, Bloomberg reported that as the EU looks to ensure efficient fuel deliveries, EU member states are planning to make their system of purchasing gas jointly a permanent part…
Meta President Says AI “Quite Stupid,” Not A Threat Yet
According to Meta President of Global Affairs Nick Clegg, current artificial intelligence models are “quite stupid” and “far short” of being capable of posing any sort of threat to human…
US Semiconductor Executives Lobby For Less Restrictions On Chip Sales To China
Leaders of a powerful US semiconductor trade organization are petitioning Washington to cease imposing sanctions on chip sales to China, telling DC leaders that additional restrictions could backfire on domestic…
Russia Increasingly Using Artic Route To Shorten Deliveries of Crude To China
On Tuesday, Bloomberg reported a Russian tanker was carrying a cargo of crude to China through the Arctic, and noted that this was emblematic of the fact that Moscow is…
