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 : […]
Education is not only a fundamental human right but also a key investment in human capital that translates into economic growth and other development outcomes. Keeping children in lower-income countries in school longer is one of the best global investments that can be made. Returns to education, particularly at higher education levels, are highest in […]
The poor energy efficiency of much of the world’s housing stock presents a significant challenge for the net zero ambitions of many countries. This column explores the barriers to climate action in England implied by conservation areas, where simple retrofitting measures such as double glazing or the installation of solar photovoltaic panels require approval, a […]
Finance ministries are empowered with functions that allow them to lead a comprehensive, government-wide approach to address climate change. Climate change is one of the most pressing global challenges, presenting profound implications for the environment, economies, and societies. Addressing this issue demands collaborative efforts from governments, businesses, and civil society. While environment and climate change […]
Technology is crucial to the transition from fossil fuels to renewable energy but it must be accompanied by community-wide behavior changes if it is to be successful, particularly in developing countries. Many regard technology as a beacon of hope for a future free from fossil fuels. Technological advancements bolster the efficiency and effectiveness of renewables, […]
