Breaking news

Logicom Boosts Investment In Demetra Holdings With New Share Acquisition

by News Editor

April 8, 2025

On April 7, 2025, Logicom Services Limited announced a strategic move to enhance its investment portfolio by purchasing an additional 16,456 shares in Demetra Holdings Plc at €1.55 each. This acquisition raises Logicom’s ownership to a solid 38.5% of Demetra’s total issued share capital and voting rights, according to a filing with the Cyprus Stock Exchange.

The Financial Impact

The transaction’s total value is €25,506.80, which consolidates Logicom’s holding to 77,000,909 shares in the investment firm. This decision is in compliance with the Public Takeover Bids Law of 2007 to 2022, underscoring Logicom’s commitment to bolstering its asset base.

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The Bigger Picture

This strategic move aligns with broader trends in the investment arena, where firms like insurers are diversifying their portfolios to enhance returns. It also comes amidst significant economic developments, such as the potential lift of the Cyprus Arms Embargo, which may affect regional investments.

The Future Forbes Realty Global Properties

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.