Economics

Auto Added by WPeMatico

US economic growth slowed in fourth quarter of 2025 amid government shutdown

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Donald Trump, Economics, Inflation, Tariffs, Trump tariffs, US economy, US federal government shutdown 2025, US federal government shutdowns, US news, US politics

GDP grew 1.4% last quarter, down from economists’ forecast of 3%, though AI and tax cuts could boost growth this yearBusiness live – latest updatesUS economic growth slowed more than expected in the fourth quarter amid disruptions from last year’s government shutdown and a moderation in consumer spending, but tax cuts and investment in artificial […]

US economic growth slowed in fourth quarter of 2025 amid government shutdown Read More »

Retailers in UK plan to cut staff hours and jobs amid rising employment costs

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Economics, Hospitality industry, Retail industry, Society, Technology, UK news, Unemployment, Young people

BRC survey finds finance bosses expect technology to improve productivity, with 69% pessimistic about the economyUK retailers are planning to cut staff hours and jobs amid rising employment costs and pessimism about the economy.Almost two-thirds (61%) of finance bosses at retail companies said they planned to reduce working hours or cut overtime, according to the

Retailers in UK plan to cut staff hours and jobs amid rising employment costs Read More »

Countries that do not embrace AI could be left behind, says OpenAI’s George Osborne

Africa, ai, AI (Artificial Intelligence), Artificial Intelligence, Benin, Business, Economics, European Union, George Osborne, Global economy, India, OpenAI, Rwanda, Technology, Trump administration, UK news

Without AI you will be a ‘weaker and poorer nation’, says former UK chancellor two months into job at US firmThe former chancellor George Osborne has said countries that do not embrace the kind of powerful AI systems made by his new employer, OpenAI, risk “Fomo” and could be left weaker and poorer.Osborne, who is

Countries that do not embrace AI could be left behind, says OpenAI’s George Osborne Read More »

Alibaba Qwen is challenging proprietary AI model economics

ai, AI (Artificial Intelligence), AI and Us, AI Business Strategy, Alibaba, Artificial Intelligence, china, democratisation, Economics, Features, governance, Governance, Regulation & Policy, Inside AI, Models, Open Source, Open-Source & Democratised AI, Opinion, qwen, strategy

The release of Alibaba’s latest Qwen model challenges proprietary AI model economics with comparable performance on commodity hardware. While US-based labs have historically held the performance advantage, open-source alternatives like the Qwen 3.5 series are closing the gap with frontier models. This offers enterprises a potential reduction in inference costs and increased flexibility in deployment

Alibaba Qwen is challenging proprietary AI model economics Read More »

Even amid rising economic uncertainty, now is not the time to hug your job

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Economics, US economy, US news, US small business, Work & careers

In a rapidly changing job market, it’s not necessarily good for workers to cling to their current employmentAfter all the employee protests over the past few years – the “great resignations”, the “quiet quittings”, the “bare-minimum Mondays” and “coffee badgings” – we have finally arrived at “job hugging”.Amid all the economic uncertainty and the rising

Even amid rising economic uncertainty, now is not the time to hug your job Read More »

AI is indeed coming – but there is also evidence to allay investor fears

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Computing, Economics, Investing, Stock markets, Technology, UK news, US news

Opinions are divided about the potential impact of artificial intelligence as the response to a recent viral essay showsUK ad agencies undergo their biggest exodus of staff as AI threatens industryThe message from investors to the software, wealth management, legal services and logistics industries this month has been clear: AI is coming for your business.The

AI is indeed coming – but there is also evidence to allay investor fears Read More »

New J-PAL research and policy initiative to test and scale AI innovations to fight poverty

Abdul Latif Jameel Poverty Action Lab (J-PAL), ai, AI (Artificial Intelligence), Artificial Intelligence, Economics, Funding, Global, International development, Poverty, Research, School of Humanities Arts and Social Sciences, Technology and policy

The Abdul Latif Jameel Poverty Action Lab (J-PAL) at MIT has awarded funding to eight new research studies to understand how artificial intelligence innovations can be used in the fight against poverty through its new Project AI Evidence.The age of AI has brought wide-ranging optimism and skepticism about its effects on society. To realize AI’s

New J-PAL research and policy initiative to test and scale AI innovations to fight poverty Read More »

Software sell-off deepens amid AI fears in ‘echoes of dot-com crash’ – business live

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Economics, House prices, Stock markets

Rolling coverage of the latest economic and financial newsOnly seven new petrol-powered cars sold in Norway in JanuarySilver is also looking very volatile.The spot price of silver tumbled by 19% yesterday, hot on the heels of its 27% plunge on 30 January. Continue reading…

Software sell-off deepens amid AI fears in ‘echoes of dot-com crash’ – business live Read More »

Software stock sell-off goes global amid fears over AI-led disruption – business live

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Economics, Stock Market, Stock markets

Rolling coverage of the latest economic and financial newsIn the insurance world, Zurich appears to have won its battle to aquire smaller rival Beazley after increasing its offer price.The two companies have told the City this morning they’ve reached “agreement in principle” on the key financial terms of a possible recommended cash offer, which values

Software stock sell-off goes global amid fears over AI-led disruption – business live Read More »

Universal basic income could be used to soften hit from AI job losses in UK, minister says

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Economic policy, Economics, Technology, Universal basic income

Lord Stockwood says people in government ‘definitely’ talking about idea as technology disrupts industries• Business live – latest updatesThe UK could introduce a universal basic income to protect workers in industries that are being disrupted by AI, the investment minister Jason Stockwood has said.“Bumpy” changes to society caused by the introduction of the technology would

Universal basic income could be used to soften hit from AI job losses in UK, minister says Read More »