Search results for "ai risks"

G7 to Discuss Digital Currency Standards, Crypto Regulation

Group of Seven (G7) advanced economies will consider how best to help developing countries introduce central bank digital currencies (CBDC) consistent with appropriate international standards, Japan’s top currency diplomat Masato Kanda said on Tuesday. The move will be among key themes of G7 discussions that Japan chairs this year, as part of efforts to address […]

U.S. House to Vote on Bill to Address Potential Huawei, ZTE Threats

The House of Representatives is set to vote next week on a bill to crack down on Chinese telecommunications companies Huawei and ZTE Corp that have been deemed security threats by the U.S. government. The House said on Tuesday it will take up a bipartisan bill called the Countering Untrusted Telecommunications Abroad Act that would […]

IMF Warns Deeper Financial Turmoil Would Slam Global Growth

The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe flare-up of financial system turmoil could slash output to near recessionary levels. The IMF said in its latest World Economic Outlook report that banking system contagion risks were contained by strong […]

Energy Firms Bet Big on German Port as Clean Energy Hub

Germany’s only deep water port, home to its largest naval base, is where energy firms now plan to spend more than $5.5 billion to help construct the clean energy infrastructure the country needs to help end its reliance on Russian gas. Europe’s leading industrial exporter has only just managed to get through an energy crunch […]

The Developing Countries Facing a Debt Crisis

The record number of developing nations at risk of a debt crisis will be high on the agenda next week when central bankers, finance ministers and political leaders convene for the World Bank Group and International Monetary Fund (IMF) spring meetings. Ballooning inflation, escalating borrowing costs and a strong dollar have made repaying loans and […]

Analysis - Global Climate Coalitions Need Safer Harbour from Antitrust Turbulence

Global companies that form alliances to help them to tackle climate change need clear “safe harbour” guidelines from governments to allay fears they could be tripped up by antitrust rules, legal experts said. Hundreds of companies have banded together into various groups with pledges to reduce carbon emissions to net zero by mid-century. But there […]

‘Reset’ or Risky Business?: EU Leaders Return to Reopened China

 French President Emmanuel Macron landed in China on Wednesday shortly ahead of EU chief Ursula von der Leyen as the two European leaders seek to smooth ties with a key economic partner while broaching thorny issues like Ukraine and trade risks. Macron on his first trip to China since 2019, spoke to US President Joe […]

Crypto Exchange Binance Expands in Argentina

Crypto exchange Binance, which has been sued by U.S. regulators, said on Tuesday it is expanding services in inflation-hit Argentina, allowing users to buy and sell digital currencies directly with local pesos. The move allows Argentines to transfer pesos into a Binance account via a local partner, which can then be used to purchase cryptocurrency. […]