Author: Euronews

The EU’s flagship AI legislation doesn’t cover all cases, scenarios, or terminology, but it may complement existing legislation of the member states, including accessibility, equality or social protection laws, Yonah Welker writes. Source link

One in five UK companies warns of declining profits as high interest rates take their toll. ADVERTISEMENTUK-listed firms issued 294 profit warnings in 2023, according to a new report from EY-Parthenon. That means one in five businesses sent official warnings to investors about predicted profit declines for the coming year.While the number is lower than the 305 figure recorded in 2022, it amounts to 18.2% of listed firms, which is higher than the 17.7% seen during 2008, the peak of the financial crisis.One of the key challenges facing firms at present is the high cost of borrowing, as the base rate…

The change in the leaderboard is a symptom of diverging business empires and rapid movements in market performance. ADVERTISEMENTBernard Arnault, the head of LVMH (Louis Vuitton Moët Hennessy), has claimed the title of the world’s richest person, surpassing Tesla’s Elon Musk.Arnault’s net worth now stands at an astounding $207.6 billion (€191.5 billion), edging out Musk’s $204.7 billion (€188.74 billion), according to the latest Forbes “Real-Time Billionaires List”.Arnault experienced an extraordinary boost in wealth last week, with his net worth increasing by $22.7 billion (€20.9 billion) in just one day on Friday, representing a remarkable jump of 12.3%. In stark contrast,…

Most insurance and banking companies are incorporating artificial intelligence (AI) into their workflow, but obstacles remain, according to a new report. ADVERTISEMENTThe UK’s financial leaders are coming under significant pressure to rapidly implement artificial intelligence into their businesses.This is according to a new report, released on Monday by digital consulting and analytics company EXL, based on surveys from 64 senior figures in the UK’s insurance and banking industries.Amongst respondents, 86% said their firms had invested more than £7.9 million (€9.25 million) in artificial intelligence over the past fiscal year, with 35% reporting investment of more than £39 million (€45.7 million).Yet…

Two stocks associated with Donald Trump surged as the former US president strengthens market sentiment on his 2024 comeback. ADVERTISEMENTTwo shares linked to the former US President capitalised on his latest success in Iowa and at the New Hampshire primary earlier this week, as Trump aims for a possible new presidency. After Trump’s rival Ron DeSantis quit the primary race, the New Hampshire primary brought success to not only Trump but also his blank check company Digital World Acquisition Corp (DWAC) as well as video-sharing platform Rumble, one with close ties to Trump’s social media platform.The ultimate Donald Trump stocksDWAC is a special purpose acquisition company (SPAC),…

Brussels’ plan to criminalise non-consensual sex across the European Union risks falling apart as EU capitals disagree on a common legal definition of rape. ADVERTISEMENTThe first ever EU-wide legislation to protect women against violence, tabled by the Commission in 2022, aims to define the crime of rape as sex without consent – with no need for victims to provide evidence of force, threats or coercion.It is based on the ‘only yes means yes’ concept and follows recent legal overhauls in countries such as Spain and the Netherlands to close loopholes and better protect victims. But negotiations with EU capitals have been…

The story of liquified natural gas (LNG) – natural gas cooled down to liquid form for ease and safety of non-pressurised storage or transport – is getting interesting as it increases its share in the global primary energy mix. ADVERTISEMENTThe LNG markets are expected to stay volatile during 2024 because of the highly charged geopolitical environment. However, even if the geopolitical tensions were to ease, the outlook for LNG remains bearish as can be seen by the fact that gas prices have started to fall in Europe. Demand & Supply of LNG – Global 2024With an unprecedented investment in LNG, consumers can…

Taking into account price rises, the final cost is one-third higher than expected and the construction takes years longer, developer EDF said. ADVERTISEMENTHinkley Point C, a major nuclear plant that Britain’s government hopes will generate affordable, low-carbon energy could cost up to £46 billion (€53.76 billion), and the completion date could be delayed to 2029, at the earliest, French state-owned developer, EDF, said on Wednesday.The UK government says nuclear projects like the Hinkley Point C plant are a key part of its plans to achieve its “net zero” by 2050 as it plans for nuclear energy to provide 25% of…

Tesla’s net income more than doubled last quarter on a one-time tax benefit, even as electric vehicle price cuts and slowing sales growth cut into profits. ADVERTISEMENTShares in Tesla fell on Wednesday after the US solar panel and battery maker said its net income was $7.93 billion from October through December, compared with $3.69 billion a year earlier.However, excluding one-time items, such as the $5.9 billion noncash tax benefit for deferred tax assets, the company made $2.49 billion, or 71 cents per share. That was down 39% from a year ago and short of analyst estimates. Data provider FactSet said…

As the Olympic Games Paris 2024 are looming up, high jump legend Mutaz Barshim from Qatar sat with The Dialogue to discuss his career and his vision on the sport he raised to an art to become Olympic and triple World Champion. ADVERTISEMENTMutaz Essa Barshim is the most successful athlete Qatar has ever seen. His father, who was also a professional athlete, is his hero and inspiration. He tried track and field sports as a youngster, but at around 14 years of age, he fell in love with the high jump. Since then, his sporting career has gone from strength…