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  • ASCAP BMI SOCAN draw AI battle line

    Three major North American performance rights organizations will accept registrations for songs that combine artificial intelligence tools with human composition. ASCAP, BMI, and SOCAN announced on Monday that partially AI-created works may join their licensed repertoires, though fully automated compositions remain ineligible. The organizations defined qualifying material as content that blends computer-generated elements with human…

  • What is Autarky?

    Autarky is a fancy word for a country that doesn’t trade much with other countries. It means the country makes most of the stuff it needs inside its own borders. They don’t buy or sell a lot with the outside world. Saying No to Trade In an autarky, the government puts up roadblocks to trade….

  • The business of fashion

    The business of fashion is a multifaceted and ever-evolving industry. It encompasses a wide range of disciplines, including design, production, marketing, and retail. At the forefront of the biz of clothing are designers, and creative directors. They conceptualize and bring to life the garments and accessories that consumers covet. They also often work in collaboration…

  • SBI profit edges up, margins shrink as loans surge

    State Bank of India, the nation’s biggest lending institution, said after-tax earnings climbed 10 percent during the three months that ended in September. The Mumbai-based lender posted standalone profits of 20,159.67 crore rupees compared with 18,331.44 crore rupees during the matching period one year earlier, helped by expanding loan portfolios and better credit quality. Total…

  • What is a Basis Swap?

    A basis swap is a special type of interest rate swap. In an interest rate swap, two parties agree to exchange interest rate payments. Usually one party pays a fixed interest rate and the other party pays a floating rate that can change over time. In a basis swap, both parties pay floating interest rates…