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BRICS Announces Enlargement at Johannesburg Summit

The BRICS alliance just announced its enlargement to include Ethiopia, Argentina, Egypt, Iran, Saudi Arabia, and the UAE this morning. The alliance (Brazil, Russia, India,...

Second Agency in a Week Raises Greece’s Rating to Investment Grade

Scope, the leading European provider for credit ratings, raised Greece's rating to investment grade on Friday. Scope upgraded Greece's long-term local- and foreign-currency issuer and...

R&I Raises Greek Economy’s Rating to Investment Grade

The Japanese rating agency Rating and Investment Information (R&I) announced on Monday that it has raised the Greek economy rating to investment grade BBB-,...

Greece Raises €3.5 Billion from 15-year Bond Issue

Greece on Tuesday successfully completed a 15-year syndicated bond issue, raising 3.5 billion euros ($3.86 billion) at an interest rate of 4.45%. Bids submitted exceeded...

Turkey Hikes Interest Rate to 15% in U-turn by Erdogan

Turkey’s central bank raised the key interest rate Thursday, almost doubling it from 8.5% to 15% as the new economic administration of recently re-elected...

Artist Sues AI Generators for Using Her Work to Train Bots

An artist who specializes in creating beautiful and unique artwork has accused two artificial intelligence companies of engaging in a form of identity theft. The...

Penthouse in Athens Sells for a Record $20 Million

A 320 sq.m. penthouse apartment in Athens was recently sold to a Swiss national for 18 million euros ($19.78 million), making it the city's...

China Tech Giant Alibaba to Roll Out ChatGPT Rival

Alibaba, a leading tech company in China, has declared that it will soon launch its own type of artificial intelligence (AI) chatbot named Tongyi...

Forbes’ Greeks and the Ten Richest People of 2022

As 2022 is slowly coming to a close, it's worth noting the world's richest people, whose tremendous wealth influenced the world throughout the year....

Meet Akshata Murthy, the Tycoon Wife of UK PM Rishi Sunak

Rishi Sunak will be the next prime minister of the UK after Liz Truss' historical forty-four days in office and her resignation from leadership....