As negotiations entered their second day, EU lawmakers and governments reached a provisional agreement on Thursday that would control artificial intelligence (AI) systems such as ChatGPT. This move brought them one step closer to finalising historic regulations governing the technology.  ...

On Friday, Russia accelerated two payments on its international debt in the latest move to avoid a default that has been looming since its invasion of Ukraine.   Russia's finance ministry said it has wired $71.25 million for a dollar-denominated bond and 26.5 million euros ($28 million) for...

A ransom of $1.14m had to be paid to hackers by one of the world’s leading medical-research institution working on a treatment for Covid-19, the institute has admitted, reported BBC News.   The University of California San Francisco (UCSF) was attached by the Netwalker criminal gang on 1st...

The influential auto group of Europe - the European Automobile Manufacturers' Association, or ACEA, has elected the CEO of Fiat Chrysler Automobiles, Mike Manley. He will take over the position of from PSA Group CEO Carlos Tavares who served as the president of the group in in 2018 and 2019....

With development hotspots all over Africa, many of its nations are putting their name on the map, with impressive growth rates stemming from energy, manufacture or trade. Whichever the power horses chosen to drive Africa’s development further, to make the continent’s current development...

In a critical analysis of the Belt and Road infrastructure program of China, International Monetary Fund Managing Director Christine Lagarde said on Friday that this huge project should be taken to such places where it is needed and to those places where the debt that the project generates is...

The business conclave held at the Saudi Arabia capital that was boycotted by a number of global business leaders over the killing of journalist Jamal Khashoggi saw the kingdom ink down deals $50 billion on Tuesday. This is a sign from the kingdom hat it can still attract investments there despite...

With climate change, scientists expect more crop loss primarily because of growth of insect pests, say American researchers.   This was the conclusion of a study published on Thursday in the journal Science. The research showed the manner in which insect attack three staple crops, rice, corn...

There is a greater likelihood of children being influenced to a greater extent compared to adults by robots, claimed a recent study that was published in the journal Science Robotics.   The study that was conducted by researchers from the University of Plymouth essentially struck a...

The Vintage Rolls Royce cars that have bene used over the past seven decades by Queen Elizabeth as well as by the other members of the British royal family will be put up for auctions. It is expected that the prices would touch $2.6 million.   The auction is to be carried out by auctioneers...

The government of Hing Kong is the owner of one of the largest fiscal surpluses in the world, driven primarily by the boom in real-estate and stock-market while on the flip side, the residents of Hong Kong are finding it near to impossible to cope with the least affordable property market in the...