One of the tech industry’s greatest blunders, according to OpenAI CEO Sam Altman, was allowing employees to work remotely.
Now every industry is accepting that new reality.
Tag: Economy
Post
SPOTLIGHT: BIGS GETTING BIGGER
Newmont Corp., the world’s largest gold miner, will take over Australian competitor Newcrest Mining Ltd. in a deal valued at $17.5 billion, the gold mining industry’s largest merger on record.
Post
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
Office towers’ values are falling fastest in large, old-order urban centers such as New York City and San Francisco, Ann Walsh, Guggenheim Partners’ chief investment officer, told the FT.
Post
SPOTLIGHT: CHINA
In 2022, Chinese investment in Europe and Britain sank to €7.9 billion, 22 percent below 2021’s level and the lowest since 2013, according to a new study by Rhodium Group and Merics, a German think tank.
Post
ZIMBABWE ISSUES GOLD COIN TO SHORE UP ITS FAILING CURRENCY
The central bank of the southeast African nation of Zimbabwe has issued a solid gold coin intended to “expand the value-preserving instruments available in the economy.”
Post
U.K. ECONOMY SQUEAKS OUT 0.1-PERCENT GROWTH IN FIRST QUARTER
Britain managed to expand its GDP by 0.1 percent during the first three months of this year, matching the growth rate in 2022’s final quarter.
Post
SPOTLIGHT, TOP TREND 2023: AI – WE OWN YOU
On 11 May, the European Union’s (EU’s) parliament passed a sweeping set of controls that will be incorporated into the union’s Artificial Intelligence Act, likely to become the world’s first comprehensive body of regulations governing AI.
Post
SPOTLIGHT: BIGS GETTING BIGGER
As forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend... which hit record highs during the COVID war when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
Post
SPOTLIGHT: BIG BANKSTER BUST
First Republic Bank, which has teetered on the edge of failure since Signature and Silicon Valley banks collapsed in mid-March, was seized by regulators on 1 May.
Post
AUSTRALIA’S CENTRAL BANK SURPRISES WITH QUARTER-POINT RATE HIKE
The Reserve Bank of Australia (RBA) raised its base interest rate a quarter point last week, only a month after it announced a pause in rate increases so it could assess the economic impact of its higher rates.