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Will ChatGPT power or inflict pain on the economy?
Business
/ 8 March 2023

Will ChatGPT power or inflict pain on the economy?

There are positives and negatives to the AI revolution, but African states first need reliable power and connectivity to reap the benefits

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Article
/ 12 May 2008

US court allows apartheid lawsuit to proceed

The United States Supreme Court said on Monday that it cannot intervene in an important dispute over the rights of apartheid victims to sue US corporations in US courts because four of the nine justices had to sit out the case over apparent conflicts. The result is that a lawsuit accusing some prominent companies of violating international law will go forward.

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Article
/ 22 April 2008

Bank of America profits fall 77%

The credit crunch sent Bank of America’s quarterly profits plunging 77% after weak trading on Wall Street and in retail banking, it was announced on Monday. Bank of America, which has the largest branch network in the United States, wrote off more than -billion in trading losses and provisions against bad debts.

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Article
/ 15 March 2008

Credit-crunch woes claim fifth-biggest US bank

The global credit crunch claimed its biggest victim yet on Friday when the United States Federal Reserve orchestrated an emergency bail-out for Bear Stearns after a cash crisis prompted a run on the US’s fifth-biggest investment bank. President George Bush sought to calm fears of a deep recession in the world’s biggest economy.

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Article
/ 7 February 2008

Power, politics keep rand on the slide

The rand is back to being one of the world’s worst-performing currencies in 2008 after a brief respite last year, and there appears nothing, for now, to halt its slide. A chronic energy crisis that is likely to slice into economic growth, political uncertainty and a gaping current-account deficit paint a gloomy picture for a currency prone to volatility.

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Article
/ 22 January 2008

Wall Street expected to plunge

Wall Street was expected to plunge at the opening of trading on Tuesday, extending its huge losses from last week and taking more cues from heavy selling that has spread throughout the world. Indicators showed the Dow Jones industrial average was set to fall by about 500 points when trading begins.

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