Girl Economics || 3rd July

The Gender Pay Gap, AI in finance

For all of our UK subscribers aged 18+, a reminder to head to the polls tomorrow!

In the News

1. Richemont, the Swiss luxury goods group, has appointed new CEOs for its key jewelry brands, Cartier and Van Cleef & Arpels, as part of a broader leadership overhaul aimed at succession planning and addressing an industry downturn caused by cooling demand in key markets like China.

2. Google's greenhouse gas emissions have surged 48 percent over the past five years due to the expansion of its AI-supporting data centers, casting doubt on its ability to meet its 2030 "net zero" target despite efforts to invest in clean energy.

3. In response to Russia's invasion of Ukraine, a growing number of German businesses are entering the military sector, marking a significant shift from their post-WWII aversion to defense contracts. Generous government funding and societal support for increased defense spending has facilitated this shift

Applications of Generative AI in Finance

Written by Shinjitha M

Generative AI - a machine learning model capable of generating new data in response to inputted prompts through Generative Adversarial Networks (GANs). It primarily focuses on content creation in various fields such as art, design, and entertainment. Let's focus on 2 of its major use cases in finance to evaluate whether it is a blessing and/or a curse…

What is the Gender Pay Gap?

Written by Emma Y

When I had my first chat with Erin, she asked me why I thought there was a disparity between the number of men and women who pursue a career in STEM and Economics. Embarrassingly, I uhmed and arhed. But is this occupational segregation a sufficient explanation for the gender wage gap? It is commonly known that women make 77 cents to every US dollar a man earns. This pay gap refers to the difference in average hourly rates between men and women- so what does this gap really tell us about the inequality between men and women in the workplace?

Opportunities

To experience…

GAP year at the Adam Smith Institute

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