World’s central banks are wary of AI and struggling to quit the dollar, survey shows
The primary concern is that AI-driven behaviour could “accelerate future crises,” the survey showed. Artificial Intelligence is not a core part of operations at most
Energy transition achievable in emerging markets
Climate finance as a percentage of GDP will likely be the largest in South Africa, at 0.25 per cent, followed by India (0.13 per cent)
Saudi, UAE school operator Almasar Alshamil’s retail IPO raises $47.9mln
Retail offering oversubscribed by 1.21 times, indicating strong investor interest. Almasar Alshamil Education Company, a provider of specialised education in the GCC, has raised SAR
Dollar stable even with US rate cuts in focus, yen vigil continues
Rate-cut wagers ramp up after dovish comments from policymakers. The U.S. dollar was steady on Tuesday even as investors deliberated over the chances of a
World Governments Summit highlights AI’s transformative role in government-led climate action
The report comes at a pivotal time, as countries grapple with rising global temperatures and increasingly complex environmental challenges. The World Governments Summit Organisation, in
Gold holds steady as Fed rate cut bets offset dollar strength
Traders see 75% chance of US interest rate cut next month. Gold prices held steady on Monday, as growing expectations of a Federal Reserve rate
Saudi Arabia to sign $30bln worth of energy deals with US, says Aramco CEO
Saudi Arabia will sign energy sector agreements with the U.S. worth $30 billion, the CEO of Saudi state oil giant Aramco, Amin Nasser, said. Saudi
The granular origins of inflation
Textbook monetary economics views inflation as fundamentally driven by aggregate shocks, such as money supply or policy rates. This column presents empirical evidence that inflation
Is AI making us smarter or just making us look smart?
Here’s an uncomfortable truth: Students can ace every assignment in class and learn virtually nothing. Conversely, they can struggle through tasks and learn quite a
Exploring how AI can boost people-centered development
With AI’s potential to transform and improve lives globally, we should consider what really works to leverage AI for people. At the World Bank, we are
