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Rolling coverage of the latest economic and financial newsShares in athletic apparel and footwear company Adidas have jumped by almost 1.75% in early trading after three of its athletes shone at the London Marathon yesterday.Sabastian Sawe and Yomif Kejelcha both smashed the two-hour barrier in the men’s marathon race, and Tigist Assefa set a women-only […]
Drivers face dilemma of driving more or cutting back – and support from ride-share giants decried as ‘slap in the face’Drivers for Uber and Lyft across the US are spending hundreds more dollars on fuel each month after the US-Israel war on Iran triggered a sharp rise in oil prices.Support offered by the ride-hailing companies
‘I don’t want to waste the gas’: Uber and Lyft drivers reeling as fuel prices soar Read More »
Industry with business model not yet firmly established and investments financed by huge debts is particularly at riskDonald Trump’s most immediate concern in demanding Iran reopen the strait of Hormuz may be rocketing US gasoline prices, but if the conflict drags on, higher energy costs will be felt far beyond the pumps.Systemically higher power prices
The sense of support and community was palpable when Sojun Park, a postdoc at the MIT Center for International Studies (CIS), delivered a recent presentation on The Global Diffusion of AI Technologies and Its Political Drivers. The event, part of the CIS Global Research and Policy Seminar, filled the venue with audience members from across MIT. “My work
Advancing international trade research and finding community Read More »
Contract affords AI analytics firm access to trove of data on one of the most important financial centres in the worldPalantir extends reach into British state as it gets access to sensitive FCA dataPalantir’s latest UK contract takes the AI and data analytics company into the heart of one of Britain’s biggest industries: financial services,
FCA deal gives Palantir yet more access to inner workings of power in Britain Read More »
Iran war and its impact on energy and fertiliser costs is the main risk to the global economy, report saysBusiness live – latest updatesAn extended period of high oil prices as a result of war in the Middle East could “crimp” the AI boom, the World Trade Organization’s chief economist has warned.The war and its
Prolonged high oil prices could ‘crimp’ AI boom, WTO warns Read More »
Nick Timothy said an event attended by the mayor of London that included prayers was an ‘act of domination’Polanski says the government should be doing more to improve home insulation, and on the drive towards renewable energy.And he says the government should commit to ensuring energy bills do not rise above the April-June price cap.The
Some say the technology is devaluing their work, while others reckon it is not yet – and might never be – good enough to replace them entirelyWorkers grappling with the rapid growth of artificial intelligence have said they feel “devalued” by the technology and warned of a downward trajectory in the quality of work.Recent analysis
Scenario posted on Substack envisages a near-future in which autonomous systems upend the entire US economyUS stock markets have been hit by a further wave of AI jitters, this time from yet another viral – and completely speculative – warning about the impact of the technology on the world’s largest economy.The latest foreboding is from
‘A feedback loop with no brake’: how an AI doomsday report has rattled markets Read More »
Amid talk of artificial intelligence taking our jobs, the big unasked question is: how will we be fed?How will we be fed? That’s the biggest question not seriously being addressed amid all this talk about whether or not artificial intelligence will end up taking over all of our jobs.Formidable though the technology appears, similar fears
If AI makes human labor obsolete, who decides who gets to eat? Read More »
