The interest rates of central bank in advanced economies started to rise again from the zero percent territory. With global economy changing interest rates also kept on varying.

Due to rampant inflation, potential returns are diminished in 2022 completely and thus. Creating savings that are effectively lowering. In thirty-four advanced economies the real interest analysed by the International Monetary Fund was placed at -5 percent in 2022. The real interest remained positive in the emerging economies but fell to 1.2 percent.

According to the IMF reports, the April 2023 economy is experiencing similar changes. Also, IMF added, it expects the real interest rates in some advanced economies to achieve their older status. The major problem…

Long debates are going on over the safety of artificial intelligence. As revealed by Google’s CEO, Sundar Pichai, the company has already planned to include the features of AI in its search engine soon.

Adding AI to Google will further enhance its capability to answer searches. Pichai dismissed the notion of chatbots posing a danger to the Google’s search business, which has more than half of the revenue at the parent company, Alphabet Inc. Alphabet made revenue of USD 162 billion from search ads in 2022.

The tech giant is now focusing on improving user experience on its search engine using the technology. A leader in developing computer programs called LLMs or large language models will process and respond like human prose. People can…

The Tupperware shares fell almost 50 percent in April 2023 after the company’s warning which might go out of business. The maker of Tupperware containers said that there is substantial doubt regarding its ability to continue as a growing concern until it manages to raise enough assets to stay afloat.

According to the reports, the company’s management with financial advisors seeing at potential investors, cost-saving and downsizing to generate at the same tie preserve liquidity. It also adds, Tupperware has stepped on a journey to turn around the operations. Thus, “today marks a critical step in addressing capitals and liquidity position”, as mentioned by the CEO of Tupperware Brands.

Tupperware has been a great example since 1946 the way…

Snapchat parent Snap (SNAP) announced about the first quarter earnings after the bell in April 2023. It is due to the missing expectations on revenue, sending shares plunging in more than 20 percent. Amid a steep decline in the advertiser spending that snap has been struggling and this is hammering the company’s earnings.

According to reports, the social media company’s report is stark contrast to the rival Meta company which is beating the expectations by sending high soaring shares. As per the reports by Bloomberg, the important announcement in comparison to the analysts are looking for from the social media company, the revenue is $988 million versus $1 billion as expected. Along with the daily active users ranging up to 383 million…

The world economy is supposed to grow at roughly 3 percent in the next five years. It is the slower pace since 1990 as told by the head of the International Monetary Fund.

Europe’s first ever commercial green steel to be produced in a small military town in Sweden’s frozen north. The excavators and giant diggers are powering through the layers of mud, ice and snow at the site of a news steel plant just outside Boden, 900 kilometres north of Stockholm.

Steel is made in the blast furnaces with certain processes. With iron ore and coking coal, they also emit large quantities of carbon dioxide which further led to global warming. Production of steel is responsible towards at least 7 percent of the world’s greenhouse gas emissions.

According to the reports, by not following the conventional method Boden steel plant will be using hydrogen technology designed to cut emissions by 95 percent. The reports provides…

With an invention, people could get themselves tested and diagnosed for prostate cancer with a new test for sugars in blood even if do not have symptoms. As per the reports, prostate cancer affects one in eight men in the UK and diagnosis has also tripled over the last three years.

According to the reports by Prostate cancer UK, Wales is one of the most affected regions in the UK for late prostate cancer referrals and its diagnosis. The data says, one in every five men with prostate cancer is detected and diagnosed too late for the cure. Also, in London this figure is one in eight.

Reports reveal that, Prostate Cancer UK has already funded the project at Swansea University, part of the charity’s Research Innovation Awards (RIAs).  An…

The world's largest chip producer, Samsung Electronics, plans to cut memory chip production after estimating a 96 percent drop in its quarterly profit. According to the company, chip sales have dropped sharply because of the slow global economy and less demand after the pandemic.

According to the information given by Samsung, the preliminary numbers showed that operating profits fell 600 billion won, that is, £366 million and $455 million in January-March, from 14 trillion won in 2022. The firm's shares have also jumped more than 4 percent on the news of slow chip making.

As per the reports, the demands for memory chips have risen during the covid lockdowns as consumers used to buy new electronics to use at home. The company also added…

After the largest exporters of oil in the world announced surprise cuts in the production, oil prices have surged. The study says, the brent crude oil prices is trading close to $85 a barrel after jumping almost 6 percent.

48 percent of the world’s production accounted for desalinated water daily in the Middle East and North Africa, as per the reports by BNC Intelligence. Going by the definition, desalination is the process of removal of salts and contaminants from the sea water to produce fresh water.

According to the 4th MENA Desalination Projects 2023, it shows the details of how a total of $39.3 billion is currently spent on the desalination projects across all the regions. United Arab Emirates and Saudi Arabia are investing most of the countries with $14.58 billion and $10.28 billion regarding the projects, respectively. As per the U.S. Saudi Council, 60 percent of the water in kingdom comes from the desalination done in 2019. The government run Saline…

The advanced chatbot ChatGPT has been blocked in Italy. According to the Italian data protection authority, the model had privacy concerns. US start-up OpenAI created it, and it is backed by Microsoft also.

Thus, the regulator also said it would ban and investigate OpenAI "immediately." As told by OpenAI, it was compiled with privacy laws. ChatGPT was launched in November 2022. Microsoft also added Bing to it in February 2023.

According to the reports, Microsoft will also embed a version of the technology in the office apps, including Word, PowerPoint, Excel, and Outlook. It also says there are high risks of artificial intelligence (AI) risks, including spreading misinformation and bias along with a particular threat to jobs.

As per the…

World Intellectual Property Organization has recently published the Global Innovation Index (GII) ranking of countries based on their innovations and outputs. The focus, along with orders, is usually on the highest-ranked countries. The countries like the United States, Switzerland, and Sweden have made significant strides in the GII rankings in recent years.

In 2022, Botswana made the most significant leap in ranking by investing heavily in technology and innovation, with a considerable focus on developing the education system and flourishing entrepreneurship. The efforts can be seen well as it ranked in the latest GII rankings compared to 2021. The GII ranking made Botswana one of the top performers in sub-Saharan Africa.

Another…

Electric cars have already set up their place in the market. The vehicles of such kind have growing demand with the environmentally friendly petrol-less scooters and cars to run on the road.

According to the reports, the openness and adoption for the electric cars vary significantly between the states in the United States. Some states also appeared to embrace EVs in bulk. The reason behind taking the electric vehicles in large numbers- considering the EV as the future of transportation, also other states are home to most of them being sceptical about the practicality and the feasibility of the electric vehicles.

As per the information gathered, the survey reports lay down that California is one of those states which is at the forefront of…