Read More Business China expands its fossil fuel output and imports on an annual basisByMichelle ThompsonDecember 18, 2023 Coal imports have increased by 64.9%, while crude oil and natural gas imports have increased by 12.1% and… Read More
Read More Business Economy President Biden’s Chief Economist Expresses Confidence in a Smooth Economic Transition as Concerns about a Recession Diminish.ByMichelle ThompsonDecember 18, 2023 President Joe Biden’s chief economic advisor, Lael Brainard, is growing increasingly optimistic that the American economy will avoid… Read More
Read More AI Alchemy Business Regulators Issue Their First Warning About the Financial System Being at Risk Due to Artificial Intelligence.ByMichelle ThompsonDecember 18, 2023 The primary federal regulators are issuing their initial warning that the utilization of artificial intelligence presents a potential… Read More
Read More Business Ofgem is to add £16 to energy bills in order to assist suppliers in recovering £3 billion in outstanding debtsByMichelle ThompsonDecember 15, 2023 Between April of next year and March of 2025, an additional payment of £1.33 per month would be… Read More
Read More Business Thames Water’s credit rating has been downgraded for the second time in six monthsByMichelle ThompsonDecember 15, 2023 Moody’s action comes as the company warns of’materially’ heightened risks that authorities will halt dividend payments. Thames Water’s… Read More
Read More Business In November, retail sales in the United States increased 0.3% to $705.7 billionByMichelle ThompsonDecember 14, 2023 Retail sales are up 4.1% year on year. According to preliminary numbers issued Thursday by the Commerce Department,… Read More
Read More AI Alchemy Business The appointment of the first director of AI at The New York Times underscores the significant role that technology is poised to play in the production of news.ByMichelle ThompsonDecember 14, 2023 The New York Times has introduced a new role within its newsroom: the editorial director of artificial intelligence… Read More
Read More Business Tesla recalls nearly 2 million vehicles in the United States due to the Autopilot technologyByMichelle ThompsonDecember 13, 2023 The recall comes after a safety regulator stated that modern driver-assistance systems are vulnerable to ‘foreseeable misuse.’ Tesla… Read More
Read More Business Economy Argentina is planning to reduce the value of its currency, the peso, by more than 50% as a component of emergency economic reforms.ByMichelle ThompsonDecember 13, 2023 Argentina is set to implement emergency economic measures, including devaluing the peso by more than 50%, according to… Read More
Read More AI Alchemy Business The United States government intends to fully embrace the use of artificial intelligence (AI), but a government oversight organization has pointed out that it currently lacks a comprehensive strategy for doing so.ByMichelle ThompsonDecember 13, 2023 The US government intends to significantly increase its utilization of artificial intelligence (AI), but it is considerably behind… Read More