April 19, 2023 /Economy/ — The cost of living crisis is a global issue, and it is having a significant impact on people in the UK. Energy bills, food prices, and fuel costs are all rising, and this is putting a strain on household budgets. There are concerns that the cost of living crisis could lead to social unrest, and there is no clear timeline for when this could happen.
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Category Archives: Business
Fox News reached a last-minute settlement with Dominion Voting Systems
LONDON, April 19, 2023 /Business/ — Fox News settled with Dominion Voting Systems for $787.5 million on April 18, 2023, just hours before opening statements were scheduled to begin in a defamation trial. The settlement was the largest ever in a defamation case involving a media company.
There are several possible reasons why Fox News agreed to settle. First, the network was facing a strong case. Dominion had already won several key rulings in the case, including one that found that Fox News had defamed the company. A jury was also likely to find in Dominion’s favor, and a large verdict could have been devastating for Fox News.
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The National Pension Scheme Authority (NAPSA) of Zambia allows partial pension withdrawals
April 18, 2023 /Finance/ — The law allows NAPSA beneficiaries to withdraw a portion of their pension savings before they reach retirement age. The amount that can be withdrawn is limited to 50% of the accumulated savings, and the withdrawal can be made in installments over a period of up to 10 years.
To qualify for partial pension withdrawal, beneficiaries must meet the following criteria: Continue reading
The Financial Intelligence Centre (FIC) of Zambia on trade-based money laundering (TBML)
April 18, 2023 /Business/ — The Financial Intelligence Centre (FIC) of Zambia has published a report on trade-based money laundering (TBML) in the country. The report found that TBML is a serious threat to the Zambian economy and that it is being used to finance a variety of criminal activities, including terrorism, corruption, and drug trafficking.
The report identified a number of factors that make Zambia vulnerable to TBML, including: Continue reading
The defamation lawsuit by Dominion against Fox and a timeline of key events leading up to the trial
April 18, 2023 /Business/ — Dominion Voting Systems filed a $1.6 billion defamation lawsuit against Fox Corporation and its Fox News Channel on March 26, 2021, alleging that the network defamed the company by repeatedly making false and defamatory claims about its voting machines in the aftermath of the 2020 presidential election.
The lawsuit alleged that Fox News hosts and guests, including former President Donald Trump, made false and defamatory claims about Dominion’s voting machines, including that they were “rigged” and “susceptible to hacking.” The lawsuit also alleged that Fox News’s coverage of Dominion’s voting machines was “reckless and false” and that it caused Dominion to suffer “severe and irreparable harm.”
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400,000+ Digital Books from 3,000 Publishers Now Available in Flexible Library Access Model
OverDrive announced today at the London Book Fair that more than 400,000 digital ebook and audiobook titles are now available in the “OverDrive Max” access model. Available in OverDrive Marketplace, the world’s largest catalog for school and library digital book sales, OverDrive Max was specifically designed to provide greater flexibility and value for library budgets to meet the increased demand for digital books. It is quickly becoming the fastest growing sales model for authors and publishers seeking to maximize their revenue from institutional buyers. Continue reading
Debt dangers in Africa: how defaults hurt people, and why forgiveness isn’t the answer
Philippe Burger, University of the Free State
Public debt repayments in some African countries are at their highest levels since 1998. The Conversation Africa’s founding editor Caroline Southey talks to dean and economics professor Philippe Burger about the danger of debt problems some African countries face.
ChatGPT: what the law says about who owns the copyright of AI-generated content
Sercan Ozcan, University of Portsmouth; Joe Sekhon, University of Portsmouth, and Oleksandra Ozcan, University of Portsmouth
The AI chatbot ChatGPT produces content that can appear to have been created by a human. There are many proposed uses for the technology, but its impressive capabilities raise important questions about ownership of the content.
UK legislation has a definition for computer-generated works. Under the Copyright, Designs and Patents Act 1988 they are “generated by computer in circumstances such that there is no human author of the work”. The law suggests content generated by an artificial intelligence (AI) can be protected by copyright. However, the original sources of answers generated by AI chatbots can be difficult to trace – and they might include copyrighted works.
Reasons why Purchasing-power parity is a better metric for comparing people’s well-being than Exchange rates
April 17, 2023 /Economy/ — Purchasing-power parity (PPP) is a measure of the value of different currencies, taking into account the cost of living in different countries. It is often used to compare the standard of living in different countries.
Exchange rates, on the other hand, are the prices of one currency in terms of another. They are determined by supply and demand in the foreign exchange market.
There are a few reasons why PPP is a better metric for comparing people’s well-being than exchange rates. Continue reading
The future of AI-powered disinformation
April 17, 2023 /MEDIA/ — The future of AI-powered disinformation is a concerning one. As AI technology continues to develop, it will become increasingly easy to create and spread false or misleading information. This could have a devastating impact on our society, as it could erode trust in institutions, undermine democracy, and lead to violence.
There are a number of ways in which AI could be used to spread disinformation. For example, AI could be used to create fake news articles, social media posts, and videos that are designed to look like they are from legitimate sources. AI could also be used to target people with personalized disinformation, based on their interests and beliefs.
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