According to a report by Oxfam, there is a possibility for the world’s first trillionaire to emerge due to the increasing gap between the wealthy and the poor.
Oxfam’s report predicts that by the end of the decade, the world will have its first trillionaire. The charity is concerned about the rise in global inequality, which is being driven by the increasing power of corporations. This issue will…
The leader of IMF expresses concerns about the potential dangers of AI, but also recognizes its immense potential for the worldwide economy.
Washington — The IMF director told AFP that artificial intelligence presents potential threats to job stability globally, but also presents a significant chance to increase declining levels of productivity and drive international economic growth. According to Kristalina Georgieva, managing director…
In 2020, the German economy contracted due to challenges in energy and exports.
Frankfurt — Official data released on Monday revealed that the German economy experienced a slight decline in 2023. This was attributed to expensive energy costs, elevated interest rates, and a decrease in foreign demand, which had a negative impact on…
In 2023, trade between China and Russia experienced a significant increase while commerce with the US declined.
BEIJING — In 2023, according to official data from Beijing, trade between China and Russia reached a peak, while trade with the United States declined for the first time in four years due to geopolitical tensions. According to customs data,…
Scores of influential individuals to convene in Davos for yearly Global Economic Summit.
London — Over 60 leaders from around the world will attend the annual World Economic Forum in Davos, Switzerland, starting on Monday. They will be joined by numerous business executives and activists to address major global issues over the course…
According to the World Economic Forum, the Davos Summit in 2024 identified disinformation as the greatest global threat.
Over 60 leaders from around the world will attend the World Economic Forum’s annual meeting in Davos, Switzerland for five days starting on Monday. The meeting will address major global issues, such as the effects of misinformation on a global…
As Europe Endures Cold Spell, Concerns About Russian Electricity Shutdown Diminish
Last year, the freezing temperatures in Siberia that are currently affecting Europe could have caused concern in European Union cities. They were trying to reduce their reliance on Russian energy imports. However, there is little concern about depleting reserves this…
The International Labour Organization (ILO) predicts that global unemployment will increase due to a decrease in productivity and a rise in social inequality.
Geneva — The International Labor Organization has issued a warning that global unemployment is expected to increase this year, which will slow down the gradual economic recovery of nations that have been affected by the COVID-19 pandemic. According to the…
The Davos Report states that AI-driven misinformation is the most significant immediate danger to the world.
London — The World Economic Forum stated in a report on Wednesday that the main immediate threat to the global economy is false and deceptive information that utilizes advanced artificial intelligence and has the potential to undermine democracy and divide…
Taiwanese Farmers Adapt as Cross-Strait Tensions Grow
Taipei, Taiwan — Over the past two years, Tsou Yun-shing, a 61-year-old farmer specializing in atemoya crops in Taitung County, Taiwan, has faced challenges in his business. After China prohibited the entry of atemoyas from Taiwan in September 2021, his…