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Exploring The Surge In Female Employment Across Greece

by News Editor

March 14, 2025

With a remarkable increase of 6.2 percentage points, Greece has made substantial progress in female employment rates—far surpassing the European Union average of 2.7 percentage points. This pivotal shift was shared by Sofia Zacharaki, the Minister of Family and Social Cohesion, at a United Nations event last Wednesday. Such developments are not only encouraging for Greece but provide a blueprint for neighboring regions, including Cyprus, in enhancing socioeconomic structures.

The significant drop in female unemployment by 8.1 percentage points highlights the ongoing commitment to fostering an inclusive workforce. This progress was discussed during the 69th session of the Commission on the Status of Women, held in conjunction with Cyprus and other nations. Analyzing these initiatives uncovers a roadmap toward sustainable economic empowerment, blending the global reach of international tech advancements such as AI’s transformative potential along with strategic regional reforms.

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Despite these promising trends, challenges remain in achieving gender parity in entrepreneurship and leadership roles. The success stories from Greece could serve as a guiding light for enhancing women’s roles in various sectors, potentially impacting European economic stability.

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AI’s Economic Benefits Surpass Emissions Concerns According to IMF

by News Editor

April 27, 2025

The International Monetary Fund (IMF) has recently highlighted the potential economic benefits of artificial intelligence (AI), projecting a global output boost of approximately 0.5% per year from 2025 to 2030. This growth is expected to surpass the environmental costs associated with higher carbon emissions from AI-driven data centers.

The report, showcased at the IMF’s spring meeting, emphasizes the need for equitable distribution of these economic gains while managing the adverse effects on our climate. The forecast indicates that AI’s contribution to GDP growth will outweigh the financial impacts of emissions, though it points out the necessity for policymakers and businesses to mitigate societal costs.

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Energy Demands and Environmental Footprint

AI is set to escalate global electricity demand, potentially reaching 1,500 terawatt-hours (TWh) by 2030, mirroring the energy consumption of countries like India today.

The increasing demand for data processing capacity could result in higher greenhouse gas emissions, but the AI industry aims to offset these with advancements in renewable energy technologies.

AI: A Driver for Energy Efficiency?

Analysts suggest that AI could potentially reduce carbon emissions through improved energy efficiency, fostering advancements in low-carbon technologies across sectors such as power, food, and transport. Grantham Research Institute stresses the significance of strategic action from governments and industries to facilitate this transition.

The role of AI in the global economy continues to evolve, stirring debates not only about its economic potential but also its environmental impact.