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Economy

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…

Tiger Woods Announces End of Longtime Partnership With Nike

Professional golfer Tiger Woods announced on Monday via social media that he has ended his long-lasting partnership with Nike, the brand he has been wearing since 1996 when he first signed with them. In 1996, Woods became a brand representative…