Egypt’s Inflation Slows to 23.2% in January, But Food Prices Keep Rising
The Global Economics
by The Global Economics
17h ago
Food security is still a significant problem, with Egypt buying 80% of its wheat from Russia and Ukraine. Egypt‘s headline consumer price index decreased slightly from 23.4 percent in December to 243.5 points in January, reflecting an annual inflation rate of 23.2 percent, according to data released on Monday by the Central Agency for Public ..read more
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Europe Rethinks AI Rules to Compete Globally
The Global Economics
by The Global Economics
2d ago
European lawmakers approved the AI Act, the first comprehensive set of rules for the technology globally. French President Emmanuel Macron announced at an AI summit in Paris that Europe will reduce its regulations to facilitate artificial intelligence’s growth. He also urged investment in the European Union (EU), particularly France. Henna Virkkunen, the head of the ..read more
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US-Saudi Arabia AI Partnership Reaches New Stepping Stone
The Global Economics
by The Global Economics
3d ago
AI governance must be formulated in a way which boosts the confidence of investors and Saudi Arabia has an ‘open-door policy’ in working with the US Chamber, making it easier to regulate policies and frameworks. With Saudi Vision 2030 in full swing, Saudi Arabia is leaving no stone unturned on its path to development. Artificial ..read more
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Bank of England Warns of Economic Stagnation, Approves Interest Rate Cuts
The Global Economics
by The Global Economics
6d ago
The Bank of England expects the inflation to increase from 2.5% to 3.7%, above the 2% target Rachel Reeves’s growth aspirations faced a double blow when the Bank of England cut its annual growth prediction in half and warned that rising prices would strain households. Even as the economy slowed down, Threadneedle Street issued a ..read more
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SEC Crypto Task Force Gives Green Light For Long Awaited Regulatory Clarity
The Global Economics
by The Global Economics
1w ago
SEC wants the recently established Crypto Task Force to establish cryptocurrency regulations to protect investors from fraud and rug pulls. The industry is ecstatic that the Securities and Exchange Commission (SEC) is shifting its tune to cryptocurrency. A new era is born for the Web3 space when they launched the SEC’s Crypto Task Force. Last ..read more
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Oil Prices Drop 0.1% to $76.13 Amid US-China Trade Tariffs
The Global Economics
by The Global Economics
1w ago
The Brent oil futures dropped 0.1% to $76.13 a barrel. In the latest development in global trade, the oil prices fell on Tuesday morning, primarily due to the trade tensions between China and USA. Oil prices fell nearly 2% as the USA implemented tariffs on China, even though President Donald Trump has paused the decision ..read more
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Will Britain’s Security Capabilities Reshape its Post-Brexit Role in Europe?
The Global Economics
by The Global Economics
1w ago
Britain contributes to Europe’s greater security with its information-gathering capabilities. Britain made its first move to strengthen its relationship with the EU in defence talks as its continental neighbours are increasingly worried about the possibility of a trade war with the United States. Prime Minister Keir Starmer discussed with the EU leaders in hopes of ..read more
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OpenAI Expands AI Footprint in Asia with South Korea’s Biggest Social Media
The Global Economics
by The Global Economics
1w ago
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China Shoppers Splurge For Lunar New Year Amidst Declining Consumer Expenditure
The Global Economics
by The Global Economics
1w ago
In China, consumers went on a massive shopping spree ahead of the Lunar New Year, even though the subsidy level was the same as last year and are expecting an even bigger handout shortly. In China, the government handout given to boost consumption seems to have delivered the exact results expected as consumers have stocked ..read more
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Aerial Taxis: Dubai Takes Urban Mobility Into The Skies
The Global Economics
by The Global Economics
1w ago
The aerial taxi is an example of Dubai’s commitment towards smart and sustainable transportation and a step closer to actualising the Dubai Self-Driving Strategy. The Museum of the Future in Dubai has debuted the first look of aerial taxis developed by the Roads and Transport Authority in collaboration with Joby Aviation. The plan for this ..read more
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