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UK Science Secretary commissions Action Plan to identify how Artificial Intelligence (AI) can drive economic growth and deliver better outcomes for people across the country tech entrepreneur, Matt Clifford, charged with leading work to explore untapped AI opportunities officials to form new “AI Opportunities Unit” at heart of science and tech department to pool expertise, seize the benefits of AI and implement proposals New UK Science Secretary, Peter Kyle, has put AI at the heart o...

26 July 2024 Compared with May 2024:median consumer inflation perceptions over the previous 12 months declined noticeably, while median inflation expectations for the next 12 months and for three years ahead remained unchanged;expectations for nominal income over the next 12 months increased, while spending growth expectations over the next 12 months remained unchanged;expectations for economic growth over the next 12 months became more negative, while the expected unemployment rate in 12 months...

The Swiss Financial Market Supervisory Authority FINMA today published guidance on the issuance of stablecoins. In it, it comments on default guarantees, the associated risks and discloses its practice on stablecoins. It further draws attention to the increased risks in the area of money laundering. In recent years, projects seeking to issue stablecoins have also gained in importance in Switzerland. They generally pursue the goal of providing a means of ...

The following is Mr Eddie Yue’s response to the Financial Secretary's announcement today (26 July) on his re-appointment as the Chief Executive of the HKMA for another term of five years, starting October this year: “I am honoured to be given the opportunity to continue to serve Hong Kong in this important role and grateful for the Financial Secretary’s confidence and trust in me. Over the past few years, Hong Kong has had to navigate a number of challenges, including the social unres...

JOINT PRESS RELEASE | JULY 25, 2024 Federal Deposit Insurance CorporationFederal Reserve BoardOffice of the Comptroller of the Currency________________________________________________________________ Agencies Remind Banks of Potential Risks Associated with Third-Party Deposit Arrangements and Req...

The federal bank regulatory agencies today issued a statement reminding banks of potential risks associated with third-party arrangements to deliver bank deposit products and services.