Economics

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Most young adults in UK are anxious about jobs and the economy, research suggests

Respondents to King’s Trust survey cited AI and a lack of work experience as reasons they might fail in lifeMore than seven in 10 teens and young adults in the UK say they wish they were not starting their careers in the current economic climate, according to new research from the King’s Trust.The study also […]

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AI is hitting UK harder than other big economies, study finds

Britain is losing more jobs than it creates owing to artificial intelligence, Morgan Stanley research suggestsMore than a quarter of Britons fear losing job to AI in next five yearsBusiness live – latest updatesThe UK is losing more jobs than it is creating because of artificial intelligence and is being hit harder than rival large

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AI needs to augment rather than replace humans or the workplace is doomed | Heather Stewart

Tech could lose its social acceptance unless it makes people’s lives better – and trade unions want an urgent conversation “Who wouldn’t want a robot to watch over your kids?” Elon Musk asked Davos delegates last week, as he looked forward with enthusiasm to a world with “more robots than people”.Not me, thanks: children need

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Young will suffer most when AI ‘tsunami’ hits jobs, says head of IMF

Kristalina Georgieva says research suggests 60% of jobs in advanced economies will be affected, with many entry-level roles wiped outArtificial intelligence will be a “tsunami hitting the labour market”, with young people worst affected, the head of the International Monetary Fund warned the World Economic Forum on Friday.Kristalina Georgieva told delegates in Davos that the

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‘I’m picking winners’: UK business secretary takes activist approach to economic growth

AI evangelist Peter Kyle wants to scale up businesses, attract overseas investors and look out for UK’s poorer regionsThe UK business secretary, Peter Kyle, has said he is “betting big” and “picking winners” as the government takes direct stakes in growing businesses to boost economic growth.Speaking at the World Economic Forum in Davos, where he

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The IMF’s banal language is sane-washing an economic crisis created by the egomaniacal Donald Trump

Their latest report makes no mention of Greenland, Venezuela, or even Trump. This is just a pretence that normality continues This week the IMF released an update to its World Economic Outlook, titled “Global Economy: Steady amid Divergent Forces” and, seriously, in what fricking world are they living? It was yet another example of international

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Freedom from China? The mine at the centre of Europe’s push for rare earth metals

Swedish producer is trying to to accelerate the process of extracting the elements vital for hi-tech productsIt is deep winter with temperatures dropping to -20C. The sun never rises above the horizon, instead bathing Sweden’s most northerly town of Kiruna in a blue crepuscular light, or “civil twilight” as it is known, for two or

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Stone Center on Inequality and Shaping the Future of Work Launches at MIT

The James M. and Cathleen D. Stone Center on Inequality and Shaping the Future of Work officially launched on Nov. 3, 2025, bringing together scholars, policymakers, and practitioners to explore critical questions about economic opportunity, technology, and democracy.Co-directed by MIT professors Daron Acemoglu, David Autor, and Simon Johnson, the new Stone Center analyzes the forces that contribute to growing income

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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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