Taylor Daily Press

African countries have borrowed billions of euros from China. Now comes the problem

China is lending unimaginably huge sums to developing economies. In Africa, it has already surpassed the United States as the largest lender. Now that countries are stuck in the payment, problems arise: No one knows exactly how much was borrowed from China. With upbeat tweets, Zambia’s new president, Hakainde Hichilema...
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Climate inaction costlier than net zero transition: Reuters poll

BENGALURU, Oct 25 (Reuters) - Hitting the Paris Agreement goal of net-zero carbon emissions will require investments in a green transition worth 2%-3% of world output each year until 2050, far less than the economic cost of inaction, according to a Reuters poll of climate economists. Respondents also said such...
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Explainer: Climate change: what are the economic stakes?

Oct 25 - COP26 climate talks in Glasgow starting next Sunday may be the world's best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the 2015 Paris Agreement. The stakes for the planet are huge - among them the impact on economic...

Gold price comes to life on hyperinflation worries

(Kitco News) The gold market seems to be coming to life with the latest move above $1,800 an ounce as markets worry about inflation running out of control. The yellow metal jumped $15 on Monday, sustaining gains above $1,800. December Comex gold futures last traded at $1,808.60, up 0.72% on the day.
World Economic Forum

IMF: These are Europe’s post-pandemic economic challenges

With COVID-19 largely under control healthcare wise, Europe now faces two policy challenges: controlling inflation and dialing back fiscal support. Unwinding the emergency spending measures governments undertook to support their economies is a major, complex endeavor. If policymakers get it wrong, they risk a repeat of the tepid growth that...

Nigeria Launches CBDC Amid Efforts To Tighten Grip Over Crypto Market

Nigeria’s President Muhammadu Buhari should launch a central bank digital currency (CBDC) today to enhance the operations of the country’s payments system. “Following [a] series of engagements with relevant stakeholders including the banking community, fintech operators, merchants and indeed, a cross section of Nigerians, the CBN designed the digital currency,” the Central Bank of Nigeria (CBN) said.

Letters: How can the Labour Party ignore the devastating effects of lockdowns?

SIR – How on earth can the Labour Party possibly support more restrictions and potentially a further lockdown when the effects – on the economy, general health, the impacts of other more serious diseases, and on life itself – are so devastating?. How can it not see that these effects...

FAST THINKING: What’s behind the coup in Sudan?

On Monday, Sudan’s military arrested the country’s civilian leaders—including Prime Minister Abdalla Hamdok—in an apparent coup that’s likely to stymie the country’s already-slow progress toward political reform. The move comes just weeks after a failed takeover attempt by loyalists to ex-dictator Omar al-Bashir and amid repeated warnings that tensions between Sudan’s civilian and military leaders were reaching their breaking point. What’s next for Sudan and the global partners in its state-building project? Our experts weigh in.

To “digitize payments”, Paraguay launches instant payment system

The system will be launched on May 23, 2022, as indicated in Resolution No. 6 of the BCP. Transfers and payments can be made at any time, every day of the year. The Central Bank of Paraguay announced this week the launch of the “Instant Payment System” (SPI), which, among other things, will allow interbank transactions at any time of the day.

IMF Chief Economist Gopinath: Inflation Will Continue Well Into 2022

Some inflation had been expected after the deep recession in 2020, but with the frictions between supply and demand not matching up, inflation pressures will remain until some time in the middle of 2022, according to Gita Gopinath, the chief economist for the International Monetary Fund. “We’ve had a rebound...

Amazon Outlines Plan to Resolve Supply Chain Issues for Holidays

Amazon (AMZN) - Get, Inc. Report says it has a game plan to combat the supply chain shortage and ensure that the holiday season runs smoothly for its customers. The e-commerce giant says it has invested in a number of initiatives to make sure that the busy holiday shopping season goes off without a hitch.

SMPTE Executive Director to Step Down

White Plains, NY (October 25, 2021) — Barbara Lange will step down as the SMPTE ‘s executive director at the end of this year after serving for 12 years in the role. During her tenure, Lange has reportedly guided SMPTE through a dynamic period of growth, extending the Society’s leadership as a global standards organization, and working closely with staff, volunteers, members and the SMPTE Board of Governors to make SMPTE a more inclusive organization.

Tracking Your Machine Learning Workflows With MLMD

When we think of a Machine Learning (ML) project, we think about data acquisition and processing. We think about model development, fitting, evaluation, and deployment. The process of building and training ML models has always been in the spotlight. There is a lot of talk about different Neural Network architectures achieving unprecedented results or new platforms facilitating the idea-to-production transition.

Ahead of COP26, focus turns to climate finance

Climate experts have stressed that the upcoming UN climate conference, COP26, is the “last, best chance” for the world to come through with a plan to limit global warming to 1.5 degrees Celsius (2.7 Fahrenheit) and help countries move to net-zero. Managing the green transition and heading off the worst...