Despite growing concern about generative AI’s potential to wreak havoc on global labor markets with its creative abilities to tell stories, write texts, and often provide more human-like answers, there is one profession that AI has failed to find a foothold in. To be a substitute for her, which makes the people who are appreciative …
One profession in which artificial intelligence cannot compete with humans Read More »
Zimbabwe Central Bank Governor John Mangudia has revealed that a gold-backed digital currency will soon be launched. Mangudia attributed that step to achieving stability in the local currency and avoiding its continuous decline against the dollar. According to a report by the “Sunday Mail” newspaper, this would allow owners of small amounts of local currency …
An African country announces the launch of a digital currency backed by gold Read More »
It is expected that the cash dividends received by the Public Investment Fund for its investments in the Saudi stock market during the past year will reach about 23.4 billion riyals. The fund owns stakes in 23 companies, of which 18 companies declared cash dividends for the period. Aramco share issued the highest value of …
The investment fund reaps 23.4 billion riyals from cash dividends for Saudi stocks Read More »
Recently, a complex process to control the user’s iPhone and permanently shut it down has been increasing, which raises more concern among Apple users. Some iPhone thieves exploit a security setting called a “recovery key” that makes it impossible for device owners to access its photos, messages, and data, and steal bank accounts and completely …
A new way to hack an iPhone.. You can protect it in 3 steps Read More »
Sunday, “The Super Mario Bros. Movie” maintained its lead at the North American box office, grossing $58.2 million for the weekend. This work, which was produced by “Universal”, “Nintendo” and “Illumination” studios and began showing three weeks ago, is classified as the best film of the year so far, with cumulative revenues of $ 434.3 …
China spent about $240 billion lending to 22 developing countries between 2008 and 2021. According to a study issued by the World Bank, Harvard University and the Keele Institute, most of the money was spent on the infrastructure of the “Belt and Road” initiative. The study found that China’s loans to countries with debt problems …
Billionaire Gautam Adani’s Adani Group bonds rose after its parent company, Adani Enterprises, launched its first debt buyback since being targeted by short seller Hindenburg Research in January. Adani Ports & Special Economic Zone Ltd. also plans to buy back up to $130 million of its notes due in July 2024 and similar amounts in …
The Adani Group begins its first bond purchase after the Hindenburg crisis. Read More »
Louis Vuitton (LVMH) has a market capitalization of more than $500 billion, becoming the first European company to reach this milestone, thanks to booming luxury sales in China and a rising euro. This achievement comes less than two weeks after LVMH joined the ranks of the world’s top 10 companies, supported by higher first-quarter sales. …
For the first time in Europe, a company worth more than $500 billion Read More »
The rally in US stocks ahead of the current earnings season presents a near-term risk to equities given the possibility of the Federal Reserve increasing interest rates and fading earnings growth, according to Morgan Stanley’s Michael Wilson. This comes after the S&P 500 rose more than 6% in the last three weeks of March, in …
Morgan Stanley identifies two factors that pose a risk to US stocks in the near term Read More »
A new report from research firm Morning Consult predicts business travel will never return to normal levels. This comes after tighter company budgets and new ways of virtual work permanently changed business travel policy, according to the report, titled “Business, But Not As Usual.” The report said demographics are also changing – business travelers are …
A shocking study.. “Business travel” will never return to normal Read More »