According to Bloomberg, Italy has officially exited China’s Silk Road Initiative, which, according to Foreign Minister Antonio Tajani, is because BRI has not produced the desired effects. China has been formally informed by Italy’s government, led by Prime Minister Giorgia Meloni, that Italy is leaving the Belt and Road Initiative.
Using data from the Bureau of Economic Analysis, Govind Bhutada of Visual Capitalist has visualized US GDP by industry in 2023. The largest GDP in the world is generated by the diverse and intricate industries that make up the US economy. Govind Bhutada of Visual Capitalist breaks it down, visualizing
According to Reuters sources, Sam Altman was fired because of the secret OpenAI Project Q-Star, an AI model to “surpass humans in the most economically valuable tasks. Sam Altman, the CEO of OpenAI, was briefly fired last Friday but was later reinstated. The mystery surrounding his suspension may center on
The DOJ has announced that Binance pleaded guilty to money laundering, and faces over $4 billion in fines, and Mr. Zhao consents to resign as CEO of Binance. Table of Contents’Complete Exit From the United States’More Details The founder of Binance, the largest cryptocurrency exchange in the world, Changpeng Zhao,
Argentina has fallen into the IMF’s debt trap, rejecting sovereignty. At the moment, Argentina uses nearly all of its foreign exchange profits to settle its external debt. Table of ContentsArgentina gets into IMF’s debt pitMilei offers shock therapyRussian Deja vuUkrainian deja vu: the anti-Malvina project Argentina gets into IMF’s debt
Sam Altman might have been kicked out for planning to bring down Nvidia, as he had been visiting the Middle East in order to acquire money for the project, which went by the secret name Tigris. According to those familiar with the situation, Sam Altman was aggressively trying to raise
The CB Insights unicorn list, which documents the highest-valued startups in the world, has ByteDance topping the list. Which startup has the greatest valuation globally? Why? Because ByteDance, the creators of the Chinese social media app TikTok, are listed on the CB Insights unicorn list (the valuation, not the comments),
According to data taken from the Central Bureau of Statistics in Israel, by the financial time, the war on Gaza might collapse Israel’s economy as it has already destroyed thousands” of businesses. Table of ContentsThe toll on Tel Aviv’s trade and tourism ‘The Economic War’‘Sharp Fluctuations’ The Financial Times released an
Gregory Daco, chief economist at EY-Parthenon, Ernst & Young’s global strategy consulting arm, told the New York Times that the Israel-Hamas conflict may cost the global economy $2 trillion. According to a prominent Ernst & Young economist cited by the New York Times (NYT) on Wednesday, if the confrontation between
