Global spending on clean energy technologies and infrastructure is on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies, according to International Energy Agency (IEA). Despite pressures on...
The risk to asset quality of banks in emerging markets (EM) is generally receding from peaks during or before the COVID-19 pandemic, supported by macroeconomic factors, said Moody's Rating. It said in a note that EM banks have generally adequate...
Global semiconductor sales are projected to increase 16.0% in 2024 and 12.5% in 2025, according to the US-based Semiconductor Industry Association (SIA). In a statement, the SIA said global semiconductor industry sales rose 15.8% year-on-year to US$46.4 billion in April...
Nvidia has shown no signs of slowing down or letting its rivals catch up; the company’s chief executive officer Jensen Huang said the firm plans to upgrade its so-called AI accelerators every year. The rise of generative AI is a...
The Consumer Financial Protection Bureau (CFPB) has taken another step designed to promote open banking in the US, finalising a rule for recognising data sharing standards and preventing incumbents from "squelching" startups. In October, the CFPB proposed its long-awaited open...
Move is seen as the start of an easing cycle but bank may wait months before cutting it again. The European Central Bank cut interest rates for the first time in five years on Thursday, lowering them from a record...
Dutch bank ABN Amro is working with AI platform Compile data to automate its trade finance operations. ABN Amro will use Complidata's TradeSpeed around the world for documentary trade finance, specifically letters of credit and documentary collections, where manual processes...
Land degradation requires immediate and concerted action from stakeholders across the world, a leading environmentalist has said, in light of the World Environment Day being marked on June 5 – a major outreach programme of the United Nations in...
Business disruption costs are the largest effect of cyber incidents. Cyberattacks typically haven’t had much impact on credit quality, but the rising number and severity of attacks could change that, says Moody’s Ratings. “The rising number and sophistication of cyberattacks is...
South America’s biggest economy sees GDP increase of 0.8% on quarterly basis. Brazil’s economy annually grew 2.5% in the first quarter of this year, compared to the same period of 2023, according to figures released Tuesday by the Brazilian Institute...
