Category Archives: Business

18Apr/23

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.

Continue reading

18Apr/23

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.

Continue reading

17Apr/23

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

17Apr/23

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.
Continue reading

17Apr/23

Future of the dollar, as oil deals are increasingly done in other currencies

April 17, 2023 /Economy/ — The future of the dollar as the world’s reserve currency is uncertain. The dollar has been the world’s reserve currency for over 70 years, but there is a growing trend of countries using other currencies for oil deals. This trend is being driven by a number of factors, including the rise of China and other emerging economies, the increasing volatility of the dollar, and the desire of some countries to reduce their reliance on the United States.
Continue reading

16Apr/23

Zambia’s digital asset regulation tests framework

April 16, 2023 /Finance Technology/ — Zambia is currently testing a technology that would form the foundation of digital asset regulation. The tests are being conducted by the Bank of Zambia (BoZ) and the country’s securities regulator, the Securities and Exchange Commission (SEC).

The tests are designed to assess the feasibility of regulating digital assets in Zambia. They are also designed to identify any potential risks associated with digital assets and to develop mitigation strategies. Continue reading

16Apr/23

What is in Zambia’s debt restructuring proposal sent bondholders?

April 16, 2023 /Finance/ — If Zambia’s debt restructuring proposal is successful, it will help to improve the country’s economic outlook and create a more stable environment for businesses and investors. This will ultimately benefit the Zambian people by creating jobs, improving infrastructure, and providing access to basic services.

It is important to note that there are a number of risks associated with Zambia’s debt restructuring proposal. If the proposal is not successful, it could lead to a further deterioration in Zambia’s economy and could potentially lead to a default on Zambia’s debt.

Zambia sent a debt restructuring proposal to bondholders on April 14, 2023. The proposal includes the following key points: Continue reading

16Apr/23

Top articles from businesswire news

Here are some popular articles from each Business Wire current news for Consumer, Entertainment, Education, Health, Public Policy/Government, Technology, Communications, Professional Services, Sports Continue reading

16Apr/23

Internship Programs Designed to Foster Connections and Bolster Career Development for Zambian College Students

April 13, 2023 /Technology/ — These are just a few of the many internship programs available to Zambian college students. For more information, please visit the websites of the organizations listed.
Here are some internship programs designed to foster connections and bolster career development for Zambian college students:
Continue reading

16Apr/23

Financial Literacy and Inclusion. How to ensure that financial services deliver for everyone.

LONDON, 13 April 2023 / Policy/ –Financial literacy and inclusion are essential for a strong and vibrant economy. When people have the knowledge and skills to manage their finances, they are better able to save, invest, and plan for the future. They are also less likely to fall into debt or become victims of financial fraud.
There are a number of things that can be done to improve financial literacy and inclusion. One is to provide more financial education in schools and workplaces. Another is to make financial products and services more accessible to everyone, regardless of income or background. Finally, it is important to break down the stigma associated with debt and financial hardship.

Here are some specific ways to improve financial literacy and inclusion: Continue reading