Fed’s Goolsbee Says Soft Landing Possible, But Risks Remain
Federal Reserve Bank of Chicago President Austan Goolsbee said it’s possible for the US to avoid a recession even as the US central bank raises interest rates to cool inflation.
Bloomberg Business
Getty Images to Debut Its Own Artificial Intelligence Image Generator
The photo giant that sued Stability AI is working with Nvidia on an image tool it says will be safer for brands.
BP LNG Project Won’t Start in Time to Boost Europe Winter Supply
As Europe seeks out imports of liquefied natural gas to fill the gap left by Russia, one source of new supply won’t be ready in time for winter.
EU Set to Propose Rules to Allow Germany E-Fuels for Cars
Germany has led a months-long crusade to extend the use of internal combustion engines under the European Union’s climate plans through the use of so-called e-fuels. Now, the bloc is set to put in place rules to decide how that works in practice.
Russia’s Diesel Exports Dropped by Almost 30% Before Export Ban
Russia’s daily diesel exports plunged by 28% in the first 20 days of September, before the government banned overseas shipments of the fuel in a move to curb domestic prices.
Tata Steel Raised to Investment Grade by Moody’s
Moody’s Investors Service upgraded Tata Steel Ltd.’s long-term rating with a stable outlook on expectation of an improvement in profits and its debt reduction efforts.
Australia Warns of Multi-Billion Dollar Climate Disaster Costs
Australian Treasurer Jim Chalmers highlighted the soaring cost of disaster management in his nation ahead of a potentially disastrous wildfire season in the coming summer, fueled by El Nino.
Ukraine Advances on Russian Defenses as US Battle Tanks Arrive
Ukraine’s military said its troops made advances along the southern frontline against entrenched Russian defenses as US battle tanks arrived to bolster the four-month-old counteroffensive.
OpenAI Gives ChatGPT the Ability to Speak in Five Different Voices
The popular AI chatbot will soon be able to read text out loud.
Short Sellers Mount Attack on ESG Stocks Bloated From Green Hype
Hedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims and valuations inflated by record stimulus.
