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A crisis at a small Italian insurer has rekindled concerns about the effect of rising rates. The rapid collapse of Silicon Valley Bank earlier this year was largely down to an ill-advised bond portfolio and liabilities that were less sticky than assumed. While Italy’s Eurovita isn’t a bank, its demise has some similarities with events […]
Brazilian President Luiz Inácio Lula da Silva recently praised the U.S. for its decision to ease sanctions on Venezuela. He believes this should become a permanent change. Lula aims to improve stability across the region with this move. On January 1, right after assuming office, he reignited top-level diplomatic relations with Venezuela. In a social […]
Damon Albarn of the band Blur reportedly said his industry will need “better drugs” if artificial intelligence is the future of music. “It’s absurd,” the U.K. frontman told The Sun in a piece published Thursday. “Anyone who has so much time to sing songs through a Michael Bublé filter and put them on the internet […]