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Deutsche Welle (February 2)

2024/ 02/ 03 by jd in Global News

“EU member states on Friday finally came to agreement and approved new laws governing the safety and use of artificial intelligence, or AI…. The crux of the problem in finding unanimity came down to the balance between giving companies enough maneuvering room to make the development of AI products lucrative within the EU, while at the same time establishing rules for the use of a technology that is already affecting every aspect of society.”

 

Wall Street Journal (November 27)

2023/ 11/ 27 by jd in Global News

“So far there are signs that U.S. shoppers are shelling out cash on gifts and other items. More shoppers visited stores and online spending grew on Black Friday this year compared with last year.” For many retailers, however, the rub is that “consumers are shifting away from store credit cards,” which had “been a lucrative source of revenue for retailers…. But the stream is drying up.”

 

Financial Times (May 3)

2023/ 05/ 04 by jd in Global News

“The trio of bank failures since March has cast a pall over KPMG’s lucrative business as the largest auditor of the US banking sector.” SVB, Signature and First Republic all “had one thing in common: KPMG” and the auditor will be facing “scrutiny in aftermath of their collapses.”

 

New York Times (June 23)

2022/ 06/ 25 by jd in Global News

“First pineapples, now fish.” China is flexing its “economic muscle” with import bans that “pressure Taiwan.” The pineapple industry bounced back when public support rallied domestic consumption, but “Taiwan’s lucrative grouper industry is bracing for heavy losses after China’s recent ban on imports of the fish from the island.”

 

Tampa Bay Times (March 1)

2021/ 03/ 02 by jd in Global News

“Tourism businesses have struggled mightily during the pandemic. Last year’s spring break—normally their most lucrative time of year—was interrupted by the coronavirus outbreak and subsequent business shutdowns and beach restrictions.” This year, they are “hoping that tourists with a pent-up desire to travel will turn this year’s spring break into a financial boon. They’re also counting on people using masks, socially distancing and washing their hands to help keep festivities safe.”

 

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