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AI’s reckoning with reality represents a growing economic risk for 2026

Revenues may be rising rapidly, but not by nearly enough to cover the wild levels of investment under wayThe US dictionary Merriam-Webster’s word of the year for 2025 was “slop”, which it defines as “digital content of low quality that is produced, usually in quantity, by means of artificial intelligence”. The choice underlined the fact […]

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From the AI bubble to Fed fears: the global economic outlook for 2026

Analysts and investors voice caution about tech valuations and Trump’s influence on the US central bankInvestors expect global stock markets to keep rising in 2026, despite fears that the AI bubble could burst, and anxiety about chaos engulfing the US central bank.Wall Street strategists broadly expect the S&P 500 share index of US-listed companies to

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Digital wallet fraud: how your bank card can be stolen without it leaving your wallet

Fraudsters use phishing to steal card details, which fund a spending spree using Apple Pay or Google PayYou get a call from your bank and the informed voice asks to you to confirm the personal details they have on file, which you do. You are then asked whether you bought something at an electrical retailer

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Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement, although change is not permitted in LondonUber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.The move came as rules announced in November’s budget

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‘They sowed chaos to no avail’: the lasting legacy of Elon Musk’s Doge

The billionaire – who had no government experience – left various federal agencies in disarray while overseeing an ‘efficiency’ drive across WashingtonAs Elon Musk, the world’s richest person, splurged more than $250m on Donald Trump’s 2024 re-election campaign, the US president commissioned his new ally to oversee a sweeping “efficiency” drive across the federal government.The

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Leaps and bounds – how the power of AI expanded further in 2025

It’s only been three years since ChatGPT leaped onto the world stage, but artificial intelligence is now becoming an integral part of daily life. The technology has been integrated into search engines, social media apps and online shopping sites, but also shaken financial markets. Here’s a look back at how AI moved the world in

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Tesla publishes analyst forecasts suggesting sales set to fall

Tesla endured tough year in part thanks to some consumers’ distaste for Elon Musk’s embrace of rightwing politicsTesla has taken the unusual step of publishing sales forecasts that suggest 2025 deliveries will be lower than expected and future years’ sales will be well below targets set by its chief executive, Elon Musk.The US electric vehicle

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Elon Musk’s 2025 recap: how the world’s richest person became its most chaotic

How the tech CEO and ‘Dogefather’ made a mess of the year – from an apparent Nazi salute during his White House tenure to Tesla sales slumps and Starship explosionsThe year of 2025 was dizzying for Elon Musk. The tech titan began the year holding court with Donald Trump in Washington DC. As the months

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Sticky inflation, metal prices and the AI bubble risk: key trends to watch in the Australian economy in 2026

Can inflation be tamed without further interest rate hikes? And will the hot streak for gold and silver continue in 2026?Get our breaking news email, free app or daily news podcastThe Australian share market delivered a 6.8% return in 2025, representing a third consecutive year of gains in a volatile period marked by trade wars,

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