AI chatbots and Large Language Models (LLMs) such as ChatGPT have become commonplace in recent years to answer queries, whether that’s how to write a persuasive email or to request a replacement for a stolen card. According to Auriemma Group’s latest UK Cardbeat study, credit cardholders tend to be comfortable using AI chatbots to carry out basic tasks with their card issuer, but express skepticism when faced with more complex servicing needs. Continue reading
Global leading vape brand ELFBAR reinforces its firm stance against counterfeits, with some 3,600 fake and substandard vapes seized in the latest operation with enforcement authorities in South Africa.
Equifax® (NYSE: EFX) has launched a new solution, All Employers Within 90 DaysTM, in support of its commitment to providing an extensive set of verification solutions for the mortgage industry. Read more
Wirex, the leading Web3 money app, and Visa, a world leader in digital payments, are thrilled to announce a partnership to further the use of digital currencies in the UK and the European Economic Area (EEA). Read more
Sungrow, a global leader in PV inverter and energy storage system provider, is excited to announce the Global Renewable Energy Summit 2024 (GRES), set to take place on June 11th in Hefei, China. This grand event will bring together industry experts, researchers, and partners from around the world to discuss the theme, “Exploring a Zero-Carbon Path with Sungrow,” emphasizing high-quality development in the global renewable energy industry. Read more
June 4, 2024 /Economy/ — The BRICS bloc has been in the news recently due to a significant development: it doubled its membership in January 2024. Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates were all invited to join Atlantic Council. This expansion has the potential to reshape the bloc’s influence, but it also comes with challenges. Continue reading
Companies surveyed in Central and Eastern Europe (CEE) demonstrate resilience and adaptability in navigating the challenging economic landscape. While 60% expect ongoing economic strain to trigger a rise in insolvencies over the next 12 months, nearly 33% also anticipate facing short-term and long-term challenges shaping the overall business landscape. This explains why 10% more CEE companies than last year are shifting focus to strategic credit risk management to protect their financial health. Continue reading
This excerpt describes a regular enforcement action by the European Commission.
Location: Brussels, Belgium (headquarters of the European Commission)
Date: May 23, 2024
Source: PR Newswire Policy (likely a press release)
Action: The European Commission is taking legal action against member states of the EU.
The reason for the legal action is that some member states are not following EU laws as they should be. The goal is to make sure EU laws are applied correctly so both citizens and businesses benefit.
EU law covers many areas, so the specific infringements (areas where the law isn’t being followed) aren’t mentioned in this excerpt. Continue reading
The GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — rose in April to -0.18, from -0.32 in March, which signals that global supply chains are operating at close to full capacity. Continue reading