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From India and Africa to Europe, countries not yet in the AI supply chain risk mass job losses, losing the tax revenue needed to deal with the tech’s falloutThe San Francisco Bay Area is in the midst of an AI frenzy that makes the California gold rush of the mid-19th century look like a scavenger […]
Will the AI economy create a permanent underclass? 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 »
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 »
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 »
While tariffs have been ‘all show and no substance’, economists fear an AI investment bubble and tensions in the South China Sea, along with Trump’s attacks on the Federal Reserve’s independenceGet our breaking news email, free app or daily news podcastOne year into Donald Trump’s presidency and experts in Australia and around the world can
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
Freedom from China? The mine at the centre of Europe’s push for rare earth metals Read More »
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
AI’s reckoning with reality represents a growing economic risk for 2026 Read More »
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
From the AI bubble to Fed fears: the global economic outlook for 2026 Read More »
Inflation is predicted to cool but uncertainty over AI-driven growth and trade policy poses risks in the year aheadThe global economy proved to be more resilient in 2025 than had been feared, despite severe headwinds that ranged from Donald Trump’s trade war to geopolitical tensions and the conflicts in Ukraine and the Middle East.Entering the
Five charts that explain the global economic outlook for 2026 Read More »
