AI May Affect 60% of Jobs in Developed Economies: IMF
According to the International Monetary Fund (IMF),. The effect of artificial intelligence (AI) on jobs will be particularly great in advanced economies. Overall, about 40% of global employment is exposed to AI among economies of all kinds, the IMF said in a blog post published on Sunday, January.
However, in advanced economies, around 60% of jobs may be impacted by AI, according to the post. That’s because technology can impact...
US Lawmakers Discuss $70B Tax Breaks for Businesses, Families
According to the Bloomberg report, U.S. lawmakers are discussing a potential deal to provide $70 billion worth of tax breaks for businesses and families. It includes restarting expired business tax breaks and boosting the child tax credit, which can provide an unpredictable fiscal boost to the U.S. economy (Jan. 14, 2024).
However, the proposal's passage is not confirmed, as Republicans and Democrats continue to deal amidst a deeply divided...
Preceding Crucial Chinese Economic Data, Oil Prices Dropped
Oil prices dropped in the opening hours of trading on Tuesday in anticipation of a barrage of economic data from China, which should offer hints on the prospects for any revival in demand in the top oil-importing nation on the globe.
At $82.40 per barrel, US West Texas Intermediate crude was down 11 cents, or 0.13%. At 00:15 GMT, the price of Brent crude futures fell 8 cents to $86.13...
Shell’s 75-Year Presence In Pakistan Ends As Shares Are Sold
Shell Petroleum, a global energy company, has recently decided to sell its 77.42 percent stake in Shell Pakistan Limited and exit the Pakistani market. This move is part of Shell's strategy to simplify its portfolio.
The Board of Directors of Shell Pakistan Limited (SPL) was informed by Shell Petroleum Company Limited (SPCo) of its plan to sell its shares in SPL, according to information shared with the Pakistan Stock Exchange....
Local Charity Support Boosts Credit Card Users’ Satisfaction with Banks
When it comes to community support, credit card users strongly prefer financial institutions (FIs) and banks that actively contribute to local charities within the areas where they operate or have a physical presence.
A collaborative study titled "Financial Institutions And Customer Loyalty: The Value Of Investing In Your Community," conducted by PYMNTS and Elan, shed light on this topic through a survey involving over 2,500 consumers in the United States....