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Climate change increases the risk of devastating floods

Climate change has doubled the risk of torrential rains like those that recently caused devastating floods in Central Europe, according to a report published Wednesday by the World Weather Attribution (WWA) group. The report stresses the need for...

Balancing the energy market: the impact of volatile prices on bills

The publication by Transelectrica of the prices regarding the energy balancing market displeased the electricity suppliers, who found that, although they sell a megawatt (MW) for 400 lei, they have to pay a balancing price of 1890 lei/MW. Among...

Andreea Negru (right), the president of PEFA, awarded the students who obtained medals of excellence at the International Trades Olympiad held in Lyon, France

Excellence, awarded by female entrepreneurship

Representatives of private companies, public companies, but also of public institutions such as the National Bank of Romania, Financial Supervision Authority, ANRE, and internationally awarded students in various fields were rewarded with various...

Mihai Daraban, CCIR: "Until we solve the structural problems of the economy, the sovereign fund is beyond the horizon"

Our country's economy has massive structural problems, the revival of which must be a priority, said Mihai Daraban, President of the Chamber of Commerce and Industry of Romania (CCIR).

Claudia Cătălina Sava, ASF: "Establishing a sovereign fund would demonstrate that Romania has reached a certain level of strategic maturity"

The establishment of a sovereign fund in Romania would demonstrate that our country has reached a certain level of strategic maturity, said Claudia Cătălina Sava, Director General Directorate, Financial Instruments and Investments Sector, within...

Do we need a Sovereign Fund in our country?

Our country needs a Sovereign Investment Fund, as other countries like Norway or Poland have, according to the opinions expressed yesterday, during an event organized by the Association of Brokers in Romania, in partnership with SCA Piperea si...

The government approved the budget rectification: deficit of 6.94% of GDP and economic growth of 2.8%

• Marcel Ciolacu: "84% of the deficit goes to the investment area" • The Fiscal Council: "Undersized expenses, overestimated revenues, cash budget deficit of 8% at the end of 2024" • With an additional allocation of 5.48 billion lei,...

According to Greenpeace, this activity poses an additional threat to a little-known ecosystem already weakened by climate warming. Among the dangers, the report lists especially the direct destruction of habitat and organisms on the seabed, sound and light pollution, the risk of chemical leaks from equipment, the accidental movement of species.

Greenpeace warning, related to the consequences of underwater mining

Greenpeace warned Norway, in a report, about the "irreversible" consequences of mining projects on the bottom of the sea, an activity that, according to the organization, will affect the entire marine ecosystem.

Tech giants accused of "mass surveillance'

A new report by the US Competition Authority (FTC) brings to light an alarming reality: giants in the field of social platforms and the Internet practice mass surveillance to capitalize on users' personal data. The study, carried out over...

The Difference Between General Artificial Intelligence and Generative Artificial Intelligence: What You Need to Know (II)

• What is Generative Artificial Intelligence?

Ray Dalio: The US economy is facing an enormous amount of debt

The US economy is facing an "enormous amount of debt", so the challenge for the Federal Reserve is to keep interest rates high enough to benefit lenders, but not so high as to cause problems debtors, said the famous billionaire investor...

Ostrich-camel Ciucă-Ciolacu. (Graphic by MAKE)

A comparison between the government of Ciucă and the government of Ciolacu; common mistakes

The PSD-PNL coalition has given two governments since December 2021, Ciucă and Ciolacu, whose results are similar, with identical governance mistakes, although the leadership was different. Because both the PSD in the August 24 Congress and the...

An AGI system would excel at playing chess but would also understand the basic strategies and formulate new approaches.

The Difference Between General Artificial Intelligence and Generative Artificial Intelligence: What You Need to Know (I)

• What is General Artificial Intelligence?

Honor of work

A very small sporting miracle is happening in Cluj. Small, but important, because it's about work, serious, that proves its efficiency, without a lot of unnecessary words.

Study - pregnancy brings big changes in women's brains

Pregnancy doesn't just transform a woman's body, it also transforms her brain, according to a groundbreaking new study. A team of researchers has for the first time mapped the changes that occur in the brain during pregnancy, providing a...

"Hard" process for the good world of football

The fine world of football is facing a moment that may dictate its future course of investment. The petro-dollars pumped into European football leave traces and they can create problems. Manchester City, one of the world's richest clubs, is...

Why does the Fed's rate cut matter for global markets?

The impact of the Federal Reserve's long-awaited interest rate cut, which will be the first cut in four years, will be felt well outside the United States, according to a Reuters article reviewing the possible influence of the central...

Pharmaceutical industry, revenues of 1.6 trillion dollars in the year 2023

The global revenue of the pharmaceutical industry was about 1.6 trillion dollars, according to data published in the American and European media. This significant growth has been driven by factors such as advances in personalized medicine, cancer...

Based on a well-crafted strategy aimed at artificially expanding the market, the pharma giants seem to have become experts in "disease-making" and exaggerating common symptomatology in order to turn healthy people into drug-dependent patients. , a practice whose consequences are serious for public health and for the trust that patients have in the medical system.

Artificially created diseases; examples (I)

The modern pharmaceutical industry, a global market of billions of dollars, is no longer limited to treating and curing the sick. In recent years, new advertising techniques have been developed that aggressively target healthy audiences, turning...

The Eurasian Natural Resources Corporation (ENRC) is a multinational mining company founded and controlled by a group of oligarchs known as the "Trio". ENRC at one point became one of the most valuable companies listed on the London Stock Exchange, with a market value of £20 billion.

The Guardian: British authorities - powerless against illegal mining business

The Serious Fraud Office (SFO) and the British judiciary are protecting the illegal businesses of oligarchs from the former Soviet states in Asia who run the company Eurasian Natural Resources Corporation (ENRC), this is the conclusion of an...

Gold shone brightly this year; What's next?

The intensification of geopolitical risks, the prospects of easing the monetary policy of the Federal Reserve or the purchases of the central banks supported the upward trend of the price of gold this year which, from the end of 2023 until the...

Geoană: Am avut curajul să-l înfrunt pe Iliescu

Fostul secretar general adjunct al NATO, Mircea Geoană, candidat la funcţia de preşedinte al României, a afirmat, miercuri, că a avut curajul să-l înfrunte pe Ion Iliescu "în cel mai democratic congres" PSD din perioada post-decembristă,...

Pasodoble to the Oval Office (Graphic concept by MAKE)

What was the significance of the debate between Kamala Harris and Donald Trump?

The televised debate between Kamala Harris and Donald Trump had a negative impact on investor confidence in the shares of Trump Media & Technology Group Corp (NASDAQ: DJT), according to a report from Investing.com, which stated yesterday that...

Nicoleta Pauliuc: "We discussed the urgency of adopting some draft laws that would allow those from the Ministry of Defense to fulfill their missions. In this way, we talked about the need for the Ministry of Defense, through the Government, to come to Parliament in a emergency procedure". (Photo source: facebook / Nicoleta Pauliuc)

Nicoleta Pauliuc: "The penetration of a Russian drone into the airspace can be considered a vulnerability"

The penetration of a Russian drone over a certain period of time and over a distance of tens of kilometers represents a vulnerability, said yesterday, Nicoleta Pauliuc, the president of the Defense, Public Order and National Security Committee in...

In his candidacy announcement, Mircea Geoană expressed his vision for Romania, emphasizing the need for a profound change in the country's leadership: "I am running for president because I know we need a real change! I could promise you a perfect country. Let me pose as the perfect politician, tell you all your problems will disappear overnight. But we all know that this is not reality". (Photo source: facebook / Mircea Geoană)

Presidential elections: Mircea Geoană and the shadows of the past

The former deputy general secretary of NATO, Mircea Geoană, aged 66, announced yesterday, through a video message posted on social networks, his candidacy, as an independent, in the presidential elections, the rounds of which are scheduled to...

Mars: "From a macroeconomic point of view, the defense effort has no fixed optimal limit, expressed as a percentage of GDP. It all depends on the threats a nation faces and its size. NATO recommends a target of 2% of GDP for defense spending, however, during the Cold War, this value was at least 3%".

Mars analysis: "European states must invest massively in the defense industry"

European states living under the threat of the Russian Federation must invest massively in the production capacities of the national defense industry, says an analysis by the think-tank Mars (formerly the 2 March Foundation - 2-Mars) published in...

Adrian Negru, Raiffeisen Asset Management: "Long-term, recurring investments in quality companies are the secret of success"

Long-term, recurring investments and quality companies such as those on the Bucharest Stock Exchange represent the secret of successful investments in shares, says Adrian Negru, CEO of Raiffeisen Asset Management.

The minister's hearing in the plenary session of the Chamber of Deputies would take place on October 8, 2024, during the Government Hour program, according to a press release issued by USR. (Photo source: facebook / Angel Tîlvăr. Foto credit: MApN, Laurenţiu Turoi)

The Minister of National Defense, summoned to Parliament in the Russian drone scandal

Angel Tîlvăr, the Minister of National Defense, was summoned to the Parliament by USR deputies to provide explanations regarding the fact that the Russian drones that illegally entered Romania's airspace were not shot down by the Romanian Air...

The President of ARIES Timişoara mentioned that at the moment Romanian companies in this sector of activity need larger teams for the projects requested by the international community, by the global industry, projects whose implementation would lead to the rapid development of domestic companies.

Daniel Giurea, ARIES: "Digital nomads work not only for companies in Israel, but also for other IT companies in the world"

There is currently no IT workforce exodus from Romania to Israel, but we have digital nomads who work from our country for companies from other countries of the world, including those from the Holy Land, Daniel Giurea, the president, told us of...

Deputy Miruţă mentioned that Romanian IT specialists are not only sought after by companies in Israel, but by large firms from all over the world, because they are well trained in the faculties of computers, electronics and informatics in our country.

Radu Miruţă, Deputy: "The government should offer fiscal facilities to software companies that stubbornly pay taxes in Romania"

IT specialists can be kept in our country by offering attractive incomes, even by granting tax facilities, claims deputy Radu Miruţă (USR), secretary of the Commission for Information and Communications Technology (TIC) in the Chamber of...