Economy

Economy Latest News

Azerbaijan: a country steeped in hydrocarbons
Azerbaijan: a country steeped in hydrocarbons
by  AFP

Azerbaijan, which holds early legislative elections on Sunday, is a country in the Caucasus region with a historical relationship with hydrocarbons, which account for most of its revenues.

AI chatbots must learn to say 'help!' says Microsoft exec
AI chatbots must learn to say 'help!' says Microsoft exec
by  AFP

Generative AI tools will save companies lots of time and money, promises Vik Singh, a Microsoft vice president, even if the models must learn to admit when they just don't know what to do. Even if the model has to turn to a human in 50 percent of cases, that still saves "tons of money."

Brazil block on X comes into effect after judge's order
Brazil block on X comes into effect after judge's order
by  AFP

A block on Elon Musk's X social network in Brazil started to take effect early Saturday after a Supreme Court judge ordered its suspension, according to AFP. Brazilian Supreme Court judge Alexandre de Moraes on Friday ordered the suspension of the platform following a months-long standoff with the tech billionaire over disinformation in South America's largest nation.

China manufacturing contracts for fourth straight month
China manufacturing contracts for fourth straight month
by  AFP

Chinese manufacturing contracted for a fourth consecutive month in August, official data showed Saturday, a worse-than-expected result reflecting the world's second-largest economy's struggle to recover. The non-manufacturing PMI, which includes services, was in positive territory in August at 50.3 points compared with 50.2 a month earlier.

Right-wing activist leads charge against US equality push
Right-wing activist leads charge against US equality push
by  AFP

Ordinary Americans have "had enough" of inclusivity and diversity policies at US companies, according to Robby Starbuck, who has led a one-man campaign against the controversial initiatives. He has also campaigned against the imposition of anti-climate change policies on companies, and in a recent video on X where he has 600,000 followers denounced US militarism abroad.