Money Moves

Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), addressed finance ministers in Washington this week, emphasizing concerns about the global economy. During its spring meetings in April, the IMF referred to erratic U.S. trade policies as a “major negative shock.” However, recent expert assessments indicate that global growth has remained stable, as […]

Performers on television and movie sets are increasingly asked to participate in biometric scans, raising concerns about the implications of artificial intelligence (AI) in the entertainment industry. Olivia Williams, an actress with a lengthy career, describes the scanning process as often unexpected and pressured. She noted that after completing a scene, a familiar assistant director

Apple has secured US broadcast rights to Formula One in a five-year agreement aimed at enhancing its streaming service. The financial specifics of the deal were not disclosed, but sources indicate that it could cost around $140 million annually, a substantial increase from the $90 million per year previously paid by ESPN, which has broadcast

The Argentinian steak restaurant chain Gaucho is set to reduce the portion of service charge allocated to its waitstaff, redistributing some of the funds to increase compensation for office employees. Starting October 1, existing waiters will receive between 25.45% and 29.4% of the service charges collected, depending on their length of service, which marks a

A new exhibition in London showcases artworks that visualize the potential impacts of climate change on well-known global landmarks, including Venice, the Giant’s Causeway, Iguazu Falls, and the Seine River. This initiative aims to raise awareness about the environmental consequences of technology consumption. Mark Maslin, a professor of earth system science at University College London,

A proposed energy policy called “demand flexibility” could assist the U.S. in managing rising energy demands from AI datacenters while potentially mitigating high household electricity costs and reducing the risk of blackouts. This approach involves incentivizing customers to use less electricity during peak demand periods and, in some cases, allows them to sell excess energy

The UK stock market experienced a significant decline following warnings from two regional US banks, prompting a widespread sell-off across global share markets. Western Alliance Bank and Zions Bank disclosed issues related to bad or potentially fraudulent loans, which raised concerns about the stability of the banking sector. In response, share prices for several major

The ownership of the Telegraph Media Group has become a focal point for discussions about media transparency and independence in the UK. Recently, the US private equity firm RedBird Capital submitted its £500 million takeover plans to the Department for Culture, Media and Sport, two years after expressing interest in acquiring the company. This bid

Martin Lewis has detailed a method for individuals to potentially receive up to £400 in cash by changing their bank accounts. This information is particularly relevant as various banks and financial institutions often promote incentives to attract new customers. Lewis outlines that many banks offer bonuses for switching accounts, with amounts varying depending on the

Recent corporate failures among Tricolor, a used car dealer and sub-prime auto lender, and First Brands, an auto parts supplier, have raised concerns within the finance industry. These collapses come nearly 20 years after the 2008 financial crisis, which was significantly influenced by issues in the sub-prime mortgage market. Jamie Dimon, CEO of JPMorgan Chase,