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AI Investment Could Reach $200B Globally by 2025: Goldman Sachs
3.8.2023
Generative AI has huge economic potential and could boost global labor productivity, the report said
Study: Generative AI Could Add Trillions to Global Economy
31.7.2023
A new report by McKinsey & Company suggests generative artificial intelligence (AI) technologies could boost global economic output by trillions of dollars annually. The study, titled “The Economic Potential of Generative AI” and published June 14, 2023, analyzes the impact AI tools...
Yellen Champions Ukraine Support as ‘Single Best Thing We Can Do for the Global Economy’ Ahead of G20 Summit
16.7.2023
Janet Yellen, serving as the 78th U.S. Treasury secretary, emphatically declared on Sunday that bolstering Ukraine represents “the single best thing we can do for the global economy.” Furthermore, Yellen expressed caution regarding the premature removal of trade constraints against China,...
Experts Warn of Impending Recession in the US as Survey Reveals 59% Chance by July 2024
14.7.2023
A recently published survey by Bankrate reveals that there is a 3-in-5 likelihood of a recession occurring in the United States within the next year. Bankrate’s survey of economists firmly indicates that the chances of a recession taking place in the U.S. are greater than the chances of...
BIS Report Cites ‘Inherent Limitations’ of Cryptocurrencies; Questions Their Role in Global Economy
13.7.2023
The Bank of International Settlements (BIS) has published a report on cryptocurrencies and explains that the technology has serious “flaws.” BIS researchers insist that permissionless blockchains have “inherent limitations” that lead to network congestion and high fees. BIS Report: ‘Crypto Has...
CoinEx Explains How the Intersection of AI and Web3 Will Revolutionize Crypto
16.6.2023
The emergence of cutting-edge artificial intelligence capabilities has ignited the imagination of business strategists worldwide, urging them to envision the future operations of their respective industries in this era of AI. Simultaneously, the advent of Web3 is transforming our very interaction...
IMF Urges Fed to Maintain Tightening Policy Amid Inflation Concerns, Citing ‘Challenges’ Ahead
9.6.2023
On Thursday, International Monetary Fund (IMF) spokesperson Julie Kozack urged the U.S. Federal Reserve and several other central banks to maintain a restrictive monetary policy known as tightening. Kozack stated that the U.S. central bank may need to keep the federal funds rate higher “for...
JPMorgan CEO Jamie Dimon Urges Against Challenging US Dollar’s Reserve Currency Status
8.6.2023
JPMorgan Chase CEO Jamie Dimon has urged against challenging the U.S. dollar’s reserve currency status amid the ongoing de-dollarization trend globally. “The United States is the fundamental foundation of the global economy. The U.S. dollar is the fundamental reserve currency,” Dimon said...
Putin Believes Decentralization Will Help Global Economy Be More Resilient
26.5.2023
Russian President Vladimir Putin has stated that the decentralization of the finance system might benefit the global economy, allowing it to be more resilient in the long run. At the second Eurasian Economic Forum, Putin explained that building this decentralized system would allow for...
De-dollarization Has Already Started, Says Russia’s Foreign Minister Lavrov
21.5.2023
The process of de-dollarization has practically started, according to Russian Minister of Foreign Affairs Sergey Lavrov. Moscow’s top diplomat is convinced that Russia’s position on the matter is shared by many other countries while the West is undermining the role of the U.S. currency. Russia’s...
IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations
13.5.2023
The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the parties to come together, reach consensus, and resolve...
Breaking the Barriers of Traditional Banking With Digital Assets
3.5.2023
Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading to bailouts and buyouts from large players....
Syrian Official Says US Imposes Sanctions to Steal Nations’ Assets and Exert Control
24.4.2023
The Syrian foreign minister says the U.S. imposes sanctions on Syria and Russia to steal their assets and keep them under its hegemony. The U.S. is “the biggest beneficiary of wars and fueling global conflicts, with the aim of maintaining the dominance of the dollar in the global economy...
Anti-Russia Sanctions Will Trigger Global Economic Crisis, Russian Official Warns
24.4.2023
Russia has warned that existing and new anti-Russia sanctions imposed by the U.S. and other Western countries will lead to a global economic crisis. “Both the current sanctions that have been imposed against our country and the new additional steps that Brussels and Washington are probably...
Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says
21.4.2023
Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said that Western sanctions on Russia have highlighted...
Economist and Political Scientist Refute Claims of US Dollar’s Demise Despite Trend of De-Dollarization News
17.4.2023
This year, there has been a flurry of news reports and opinion editorials discussing an alleged de-dollarization trend amid a wave of disclosures associated with the BRICS bloc. In a recent article, the American political scientist and author Ian Bremmer insisted that claims of the U.S. dollar...
Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
13.4.2023
According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their...
Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now
3.4.2023
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of...
Bank profits at risk from potential CBDC transformation of global economy: Moody’s
23.3.2023
CBDCs are here to stay, it seems, and Moody’s is looking at their implications for the global economy and international banking
Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains
18.3.2023
At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time...