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Former Chief Executive of AngloGold Ashanti, Sir Sam Jonah, has advised business leaders about the negative implications of investing in artificial intelligence (AI) that could result in mass job losses. Speaking at a recent event, Gold Coast University Leadership Conversation, Sir Sam Jonah stated that leaders who consider AI investments that could eliminate the roles of 50 employees should take a step back and carefully reconsider their decisions. Sir Jonah said that while AI and automation technologies offer significant potential for improving efficiency and reducing costs, they also present challenges,...

With cutting-edge AI-based blockchain solutions, Lightchain AI has caught the eyes of early investors with its unmatched efficiency, scalability, and cost optimization. By keeping the gas price per transaction per time for AI tasks instead of a fixed price, this novel integrated measure dynamically alters transaction fees rather than up-charging through the cost of transactions during peak network traffic-having higher costs not becoming prohibitive for performance during peak periods. Now, it also leaves a cost-effective balance between transaction demand for AI computations and intelligent dynamic pricing that reduces congestion while...

Amid Indian equity market seeing massive outflows, Overseas Direct Investments (ODI) by Indian institutions and individuals in April-January period of the current fiscal has exceeded the total of the last fiscal by 15 per cent. Experts feel that besides displaying India Inc’s strategic ambitions, it shows that the next cycle of growth may not be led by emerging economies.Data from Finance Ministry shows ODI in April-January touched $16,364 million as against $14,234 million of full fiscal last fiscal. The growth was led by financial, insurance, and business services sectors (39...

Brannon Potts fell behind on retirement savings, but two books helped him turn his finances around.He says that 'The Millionaire Next Door' and 'Rich Dad Poor Dad' changed his mentality.The books encouraged him to change his strategy and start investing in real estate.Brannon Potts expects to expand his real-estate portfolio from 12 doors to 20 within the next five years.At that point, he'll feel comfortable walking away from his property management company and enjoying an early retirement.The 53-year-old, who builds his rental properties to earn better returns, has put himself...

Starting today, the ‘Sunday Express’ goes to constituencies considered to be marginal going into the April 28 general election, the first being San Fernando West.San Fernando West candidate Faris Al-Rawi says the list of what the PNM has done for that constituency “is massive”.Al-Rawi, the Minister of Rural Development and Local Government, said San Fernando West has seen unprecedented development over the past years, with multimillion-dollar investments reshaping its economic and social landscape.“The Government remains committed to enhancing infrastructure, housing, coastal protection and ­local economic development, making the second city...

Inefficient investments continue to be a drain on the economy, and debt-laden local governments need to ensure that the projects they back are actually needed in their communities.That was the message state-owned Economic Daily delivered in a commentary on Sunday as it put its weight behind national efforts to stimulate domestic demand.Written under the pen name Jin Guanping, the commentary said the incremental capital output ratio had risen from 2.84 in 2008 to 9.44 in 2023. The ratio is a key measure of investment efficiency where a lower value indicates...

McMILLAN... real estate is a business; treat it like one (Photo: Garfield Robinson) Purchasing an investment property is a completely different process from buying a home to live in. Yet many first-time real estate investors make the mistake of applying the same approach, often leading to costly financial missteps. At a recent Passport to Wealth forum, real estate investment strategist and CEO of McMillan Group Raymond McMillan explained that Caribbean investors can successfully build wealth through real estate — even in markets outside of Jamaica. “We have to start thinking...

In an evolving real estate landscape, South Africans and expatriates have turned their eyes toward property markets beyond their borders, with a notable surge in interest in nations like Dubai, Mauritius, and Zimbabwe. According to the Seeff Property Group, this trend reflects a blend of economic opportunity, lifestyle choices, and potential returns that are captivating high-net-worth investors. The allure of Dubai Leading the charge is Dubai, a city that has become a melting pot of investment activity. Nombasa Mawela, licensee for Seeff Dubai, reports an unprecedented swell in property transactions...

Customers of New Mexico's largest electric utility experienced a sharp increase in power outages last year following a steady rise in service disruptions over the past decade, a new report shows.Public Service Company of New Mexico's power reliability report is the first one the utility has submitted to state regulators since the Public Regulation Commission passed a rule last year requiring annual reporting of outages.PNM says its overall system reliability is still 99.85% — lower than in recent years but above nationwide averages.It saw increases last year in most of...

Share Tweet Share Share Email Feeling lost in the investment jungle? Navigating the twists and turns of financial decisions can feel overwhelming, especially when it comes to homeownership. It’s more than just bricks and mortar—it’s an evolving investment with long-term potential. But without a clear view of where things stand, how can smart decisions be made? That’s where financial technology steps in, offering solutions that redefine how homeowners and investors monitor and manage their assets. Imagine a sleek, AI-powered tool that acts as a financial GPS, providing real-time...