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ECB Believes Additional Regulations May Be Necessary For Usage Of AI In Finance

The European Central Bank stated on Wednesday that although artificial intelligence (AI) in banking is still in its infancy, it has to be watched over and perhaps regulated to protect consumers and guarantee the smooth operation of markets.   The European Central Bank (ECB) observed that...

April Saw A New High For China's Car Exports Amidst Declining Domestic Sales

According to figures released on Friday, China's automobile exports reached a new high in April, while domestic sales fell 5.8% from the previous year due to customers' reluctance to spend much on large-ticket products during the country's precarious economic recovery.   April's car exports...

The Aftereffects Of A Social Media App Ban: The Demise Of India's TikTok

Before it was outlawed in 2020, TikTok was one of the most widely used applications in India. It serves as a warning for what can happen if a US ban is implemented.   India was the largest market for TikTok four years ago. The software promised 200 million users by the end of the year,...

U.S. And China Will Have Their First AI Discussions Within "Weeks" Despite The Current TikTok Impasse

The first high-level AI talks between the United States and China will take place in the "coming weeks," according to U.S. Secretary of State Antony Blinken, who gave no information on the whereabouts of TikTok, the dominant Chinese social media platform.   Blinken announced that the United...

Profits For Big Oil Companies Decline As Natural Gas Prices Plummet.

A significant decline in natural gas prices from a year ago was the reason behind the lower first quarter earnings that U.S. and European oil corporations released on Friday.   Oil and gas companies' 2022 record highs, which were driven by a rise in demand following the COVID-19 pandemic and...

This Week's Tech Earnings Explosion Highlights The Mounting Issues At Google And Tesla

Tech giants face a mound of turmoil as they prepare to report results this week.   Protests and reorganisations have occurred at Google, and Tesla recently revealed massive layoffs, price reductions, and a Cybertruck recall. Microsoft's OpenAI partnership is under increased scrutiny, and...

Trades In Bitcoin Ignore "Halving" In Favor Of More Significant Market Dangers

Though industry insiders said on Monday that the cryptocurrency's fortunes were more directly related to broader financial market emotions and geopolitics, the so-called halving event of Bitcoin has had little effect on its price thus far.   With the intention of reducing the rate at which...

Growing Hostilities In The Middle East Are A New Shock To Global Markets

World markets have been shaken by reports of an Israeli strike on Iranian territory that may spark a wider confrontation in the Middle East and quickly alter the course of everything from bonds to oil prices and inflation concerns.   Friday saw a decline in stocks, a temporary increase in...

Governments Need To Mediate Local Support For Miners, According To An Industry Organisation

The chairman of a well-known business group stated that more had to be done by governments around the globe to persuade indigenous and local communities to support mines that generate vital minerals needed to power the energy transition and combat climate change.   Opposition to mines is...

Large Banks, Headed By Citi, Keep Reducing Workers In Order To Save Money

The largest US banks continued to reduce staff in the first quarter, with Citigroup experiencing the largest decline. After the third-largest U.S. lender completed a comprehensive reorganisation targeted at increasing earnings and cutting managerial layers, Citi's workforce shrank by 2,000...

Low-Income Americans Are Being Targeted By Food Businesses Like Kraft-Heinz And Coke; Here’s How

Food manufacturers like Kraft-Heinz and Conagra Brands have redesigned their products and methods in response to years of price increases as Americans who depend on government assistance for food and other necessities are cutting back on their spending.   Sales volumes of many of the largest...

More Money Was Lost On Chinese And Hong Kong Stocks Since 2021 Than India's Market Capitalization

Since 2021, stocks in China and Hong Kong have sold off a whopping $4.8 trillion in market capitalization, which, according to HSBC, which exceeds the value of the stock market in India.   The National Stock Exchange of India has only increased during this same period, therefore the...
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