BUSINESS

What is AI washing and why is it a problem

What is AI washing and why is it a problem

  • By Admin --
  • Thursday, 27 Jun, 2024

The AI-powered system enables customers at many of its Amazon Fresh and Amazon Go shops to simply pick their items, and…

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Lunar New Year China tourism spending tops pre-Covid level

Lunar New Year China tourism spending tops pre-Covid level

  • By Admin --
  • Monday, 19 Feb, 2024

Domestic tourism spending hit 632.7 billion yuan (£69.7bn), about 47% more compared to the same holiday period last…

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Adidas says it plans to sell remaining Yeezy sneakers

Adidas says it plans to sell remaining Yeezy sneakers

  • By Admin --
  • Thursday, 01 Feb, 2024

The firm cut ties with the rapper and fashion designer, who is also known as Ye, in 2022 after he made a series of antisemitic…

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US home sales see worst year since 1995

US home sales see worst year since 1995

  • By Admin --
  • Sunday, 21 Jan, 2024

Just 4.09 million homes were purchased, the fewest since 1995, as tight supply pushed prices to a new record, the National Association of Realtors…

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S&P 500 surges to record high marking market rebound

S&P 500 surges to record high marking market rebound

  • By Admin --
  • Sunday, 21 Jan, 2024

The S&P 500 index, which tracks shares of America's biggest companies, ended the day up 1.2% to close at 4,839.8, topping…

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AI to hit 40% of jobs and worsen inequality, IMF says

AI to hit 40% of jobs and worsen inequality, IMF says

  • By Admin --
  • Monday, 15 Jan, 2024

IMF's managing director Kristalina Georgieva says "in most scenarios, AI will likely worsen overall inequality".

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Davos: Global crises set to dominate gathering of business leaders

Davos: Global crises set to dominate gathering of business leaders

  • By Admin --
  • Monday, 15 Jan, 2024

Inflation is falling, and 2024 was set to be the year that central banks start cutting interest rates, including here in…

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Oil prices rise on US-UK strikes over Red Sea attacks

Oil prices rise on US-UK strikes over Red Sea attacks

  • By Admin --
  • Sunday, 14 Jan, 2024

Brent crude hit $80 per barrel for the first time this year as the Iran-backed rebels vowed to retaliate against military…

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