There is a new C in the executive suite, the chief artificial intelligence officer (CAIO). In March, the White House announced that all federal agencies had to appoint a CAIO so that the government would stay on top of AI developments. Vice President Kamala Harris gave a legal framework to the mandate: “Make sure that … Read more
If you’ve stepped foot inside an American supermarket in the past few years, there’s a good chance you’ve experienced sticker shock. But shareholders of the country’s largest grocery chains are singing a different tune. Food prices — along with energy prices — are historically volatile and therefore stripped out of the U.S. Bureau of Labor … Read more
Home Executive Interviews Brazil Central Bank President Campos Neto Sees Trade Friction As Big Risk To Global Economy Global Finance magazine interviewed Brazil Central Bank President Roberto Campos Neto, who has been at the helm since February 2019. In recognition of his leadership in managing Brazil’s monetary policy, Campos Neto earned an “A” grade in … Read more
Home Media Expert Perspectives In Conversation with Andreas Burner, Chief Technology Officer and Head of Product Management at SmartStream Over the past few years, the financial services sector has embraced the use of artificial intelligence (AI) to help streamline operations, improve data analytics, and manage risk. Joseph Giarraputo, the Founder and Editorial Director of Global Finance, talks … Read more
Money’s Main Takeaways: Buying a home is likely the biggest investment you will make. With mortgage rates hovering around 7%, finding the right lender is more important than ever. The best way to find the most competitive rates and terms that fit your financial needs is to shop around and compare products from at least … Read more
Taiwan Semiconductor Manufacturing Company, the world’s biggest semiconductor chip maker, broke ground in early August on its first facility in Europe, an $11 billion fabrication plant in Dresden, Germany. TSMC holds a 70% stake in the venture, called the European Semiconductor Manufacturing Company, with German automotive chip maker Infineon Technologies, the Netherlands’ NXP Semiconductors, and … Read more
When Sheikh Hasina secured a fourth consecutive term as head of Bangladesh’s government this past January, her 15-year grip on power seemed unshakeable. By August, after weeks of student protests over a government jobs quota system said to favor her party’s affiliates, she had resigned as prime minister and fled to India. Nobel laureate Muhammad … Read more
African governments have a penchant for spooking foreign multinationals operating in natural resource sectors, especially in mining and oil and gas. Senegal, the newest entrant to the league of oil producers, is also the latest to unleash consternation. The government of new President Bassirou Diomaye Faye has set up a commission to audit Senegal’s natural … Read more
Ghana’s decision to exclude international banks from funding cocoa production may have opened opportunities for its domestic financiers and traders to invest in the sector, but analysts fear that the move leaves the country’s currency, the Cedi, vulnerable to weakening. Ghana is the world’s second-largest producer of the commodity key to the manufacture of chocolates; … Read more
Brian Niccol is going from burritos to baristas. The Chipotle CEO is ending his time at the Mexican grill chain and plans to start as top boss at Starbucks on September 9. Niccol, 50, replaces Laxman Narasimhan, marking what observers deem a new beginning for the renowned coffee franchise. Under Narasimhan, Starbucks faced a litany … Read more