economic

The EU announced "formal infringement proceedings" against Elon Musk's platform X on Monday, under a law designed to combat disinformation and hate after identifying suspect posts related to Hamas's October 7 attack in Israel. The action against the company formerly known as Twitter is the first against a major online platform since Brussels implemented the Digital Services Act (DSA), a sweeping piece of European Union legislation that strengthens online companies' responsibility for content moderation. The EU…

Credit: One Earth (2023). DOI: 10.1016/j.oneear.2023.11.004 A new study shows that economic growth rates make a big difference when it comes to prospects for limiting global warming to 1.5°C, as per the Paris Agreement. A recent study by the Institute for Environmental Science and Technology of the Universitat Autònoma de Barcelona (ICTA-UAB) shows that pursuing higher economic growth may jeopardize the Paris goals and leave no…

Credit: Pixabay/CC0 Public Domain The economic fallout of COVID-19 left people around the world facing a significant threat to their livelihood. As governments scrambled to mitigate the pandemic's impact on their populations, many decided to use direct payments to support vulnerable citizens. More than a sixth of the world's population received some…

Credit: Unsplash/CC0 Public Domain In the last article of his prolific career, the late Marvin Goodfriend, who held the Allan H. Meltzer Professorship of Political Economy at Carnegie Mellon's Tepper School of Business and was a lifelong student of inflation and central bank policy, identified a subtle yet significant factor contributing to fluctuations in inflation and employment rates. This factor is the discretionary…

Image Source : FILE Google's 12,000 job cuts decision made to adjust to the changing economic conditions At Google's all-hands meeting which took place last Tuesday (December 12), Sundar Pichai defended the decision of laying off around 12,000 employees (which is 6% of the workforce of the company). As per the reports of Business Insider, Pichai acknowledged that Google…

In has warned against multiple security-related vulnerabilities in the products and operating systems of Samsung and Apple devices which could allow hackers to break into them and get access to sensitive information. CERT-In, which periodically issues advisories about weaknesses in digital products, operating systems and softwares, has issued the alert for users so that they could guard against possible hacks, or update the software on the devices to the latest versions. In has warned against multiple security-related…

The AI race is heating up worldwide with OpenAI's ChatGPT and Google's Bard leading the pack. Now, Ola's Bhavish Aggarwal has come out with Krutrim AI- a 'made for India' AI model. Developed in just 7-8 months, the Ola CEO calls it India's first full-stack AI model like ChatGPT. Watch! The AI race is heating up worldwide with OpenAI's ChatGPT and Google's Bard leading the pack. Now, Ola's Bhavish Aggarwal has come out with Krutrim AI- a 'made for India' AI model. Developed in just 7-8 months, the Ola CEO calls it…

Overview of field-to-1,4-dimethylcyclooctane (DMCO) production system. DMCO is a cyclic alkane with a volumetric net heat of combustion up to 9.2% higher than Jet A. Credit: Proceedings of the National Academy of Sciences (2023). DOI: 10.1073/pnas.2312667120 Every year, airplanes crisscrossing U.S. skies burn 23 billion gallons of fuel, leaving contrails and 8% of the nation's transportation-related greenhouse gas (GHG)…

Founder and CEO of Paytm, Vijay Shekhar Sharma emphasised on the growing digital footprint in India by saying that the people have started trusting online transactions. Speking to ANI, Vijay Shekhar Sharma said, “Formalisation of the economy is a big win for the nation. People are trusting online transactions more. We are reporting 50 per cent growth yearly.”He further added, “No matter where Indians go, they always look for Indian food, and I believe the best Indian food is made in India... I am not only a supporter but…

Image 1. Nightlight satellite images of North Korea (Top-left: Background photo provided by NASA's Earth Observatory). South Korea appears brightly lit compared to North Korea, which is mostly dark except for Pyongyang. In contrast, the model developed by the research team uses daytime satellite imagery to predict more detailed economic predictions for North Korea (top-right) and five Asian countries (Bottom: Background photo from Google Earth). Credit:…