With 2023 set to be the warmest year since records began in the mid-1800s, the transition to a decarbonized economy has become an urgent priority globally. Yet, despite increasing efforts by many countries to limit emissions, the combined climate commitments pledges could only bring us closer to limiting the global temperature rise to 2.5 degrees Celsius […]
2020 household survey, in line with international good practices, SWIFT was used by the Bureau of Statistics and the World Bank to restore the comparability of expenditure data and poverty rates with previous survey years. In Paraguay, the methodology has been tailored to the local context to ensure its sustainability, its implementation by the relevant […]
Investors in low-carbon infrastructure and technologies need clear policies and environmental metrics to assess firms. This column analyses the effect of climate mitigation policies on loan spreads depending on environmental performance. Firms with good environmental performance (e.g. low emission intensity, high patenting activity in climate mitigation) benefit from a lower cost of debt, particularly when […]
Data collection, processing and analysis skills are in high demand in today’s labour markets and are increasingly found in non-digital industries. This column applies natural language processing to online job advertisements to better understand digital skills in the UK, Canada and the US. Results show that data analytics skills contribute most to the aggregate data-related […]
ECB President Christine Lagarde used her speech at Jackson Hole in August to draw attention to pressing structural investment needs. This column introduces the 2023 release of the European Investment Bank Investment Survey, which uses interviews with 12,000 firms across Europe to shed light on how they are responding to pressures from energy prices, trade […]
HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market. Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the pandemic, when work-from-home trends drove up sales of laptops and other electronic devices. Shares of […]
Adobe on Tuesday said it is rolling out new image-generation technology that can draw inspiration from an uploaded image and match its style, in its latest push to compete with startups challenging its core business. Image-generating technology from firms like Midjourney and Stable Diffusion have threatened Adobe’s customer base of creative professionals who use its tools […]
Samsung Electronics on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78%, as the battered memory chip market shows early signs of recovering from a severe downturn. Samsung shares opened 3.3% higher versus a 1.4% rise in the wider market, as analysts said memory chip prices likely bottomed in the third quarter, with some […]
Southeast Asian countries are taking a business-friendly approach to artificial intelligence regulation in a setback to the European Union’s push for globally harmonised rules that align with its own stringent framework. Reuters reviewed a confidential draft of the 10-member Association of Southeast Asian Nations’ (ASEAN) “guide to AI ethics and governance,” whose content has not […]
World Bank President Ajay Banga said on Wednesday interest rates will likely stay higher for longer and complicate investments for companies across the globe. He also told a news conference that wars are extremely challenging for central banks that are trying to find a way to steer their economies towards a soft landing. Source : […]
