Boeing [NYSE: BA] and Air Tanzania are celebrating the delivery of the airline’s first 767-300 Freighter. The airplane arrived today at the airline’s hub in Dar es Salaam and will provide the operator with dedicated air freight capacity to serve the country’s growing cargo market. The delivery also marks the first direct 767 Freighter delivery from Boeing to an African carrier. Continue reading
BioCatch, the pioneer of behavioral biometric intelligence and a leader in digital fraud detection, today announced the findings of a new commissioned study conducted by Forrester Consulting on behalf of BioCatch: “Improve Fraud and Anti-Money Laundering Operations With A Proactive And Unified Approach.” The research reveals the reality about the concern and readiness of the world’s largest banks’ ability to effectively respond to the changing fraud and financial crime landscape. This research comes on the heels of increasing media and regulatory body reports that money laundering scams are increasing at alarming rates. Continue reading
May 31, 2023 /Lifestyle/ –Uganda is a relevant country on the global scale for a number of reasons, including its strategic location in East Africa, its large population, and its natural resources. The country is also a member of the United Nations and the African Union, and it plays an important role in regional security and development.
However, Uganda’s anti-LGBTQ laws have made it a target of international criticism. In 2014, the Ugandan Parliament passed a bill that would have made same-sex sexual activity punishable by life in prison. The bill was met with widespread international condemnation, and it was eventually withdrawn. However, the country’s anti-LGBTQ laws remain in place, and LGBTQ people in Uganda continue to face discrimination and violence. Continue reading
May 230, 2023 /Business/ — The EU AI Act is a proposed piece of legislation that would regulate the use of artificial intelligence (AI) in the European Union. The Act would create a framework for the development and use of AI that is aligned with the EU’s values, such as respect for human rights and fundamental freedoms.
The Act would classify AI systems into three risk categories: unacceptable risk, high risk, and low risk. Unacceptable risk AI systems would be banned, while high-risk AI systems would be subject to strict requirements. Low-risk AI systems would be largely unregulated. Continue reading
The 20th Annual Summer Reading List for Business Leaders has recommendations from University of Maryland Robert H. Smith School of Business faculty. It includes books about banking, investing, self-improvement, leadership, and sustainability. There’s a biography, an autobiography, a look back at a landmark Supreme Court decision and an edge-of-your-seat thriller. Continue reading
PKO Bank Polski, the largest universal bank in the Central and Eastern Europe, is accelerating its expansion in virtual worlds. Already on 30 May, in its Virtual PKO Rotunda on the Decentraland platform, it will also hold one of the world’s first virtual job fairs in the Metaverse space. Continue reading
A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments. Continue reading
May 24, 2023 /Lifestyle/ — Creating more jobs in Zambia is a complex challenge, but there are a number of things that can be done to help. Here are a few ideas: Continue reading
May 22, 2023 /Business/ — A “Karen” is a pejorative term for a woman perceived as entitled, demanding, and difficult to please. The term has been used to describe women who make unreasonable demands of customer service representatives, who complain to managers about minor issues, or who are generally seen as being difficult to deal with. Continue reading
May 22, 2023 /Business/ — The European Union (EU) has fined Facebook parent Meta $1.3 billion for transferring user data to the United States without adequate safeguards in place. The fine is the largest ever imposed by the EU for data protection violations.
The EU’s General Data Protection Regulation (GDPR) requires companies to obtain consent from individuals before transferring their data outside of the EU. Meta argued that it had obtained consent from users, but the Irish Data Protection Commission (DPC) found that this consent was not valid. Continue reading