Andy Burnham will enter Downing Street on Monday with a promise that has eluded successive British prime ministers for more than a decade: reviving economic growth. But unlike his predecessors, …
Business
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Business
US wholesale prices fall unexpectedly in June driven by lower energy costs
by adminby adminUS wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in …
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Business
US CPI falls sharply in June as energy prices tumble, but relief may be shortlived
by adminby adminUS consumer prices recorded their biggest monthly decline in more than six years in June as a sharp drop in energy prices provided temporary relief from this year’s inflation pressures. …
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President Donald Trump said on Monday that the United States would reinstate its naval blockade of Iranian ships and charge a 20% fee on cargo passing through the Strait of …
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Business
Samsung, SK Hynix are changing fortunes of Koreans, but also widening inequality
by adminby adminSouth Korea’s dominance in artificial intelligence memory chips is no longer just driving stock market gains. The country’s semiconductor boom is now reshaping its economy, consumer spending, labour market and …
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The number of Americans filing new applications for unemployment benefits declined last week, pointing to continued resilience in the US labour market even as hiring slowed sharply in June. Initial …
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The Bank of England has warned that artificial intelligence is emerging as a growing threat to financial stability, citing heightened market expectations, rising leverage and increasing cyber risks linked to …
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Britain has had six prime ministers in under a decade, yet financial markets have grown remarkably unfazed by the political churn. Does that mean investors have become desensitised to Westminster, …
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Business
The Onion’s new parody of Alex Jones’ Infowars starts with $100,000 to Sandy Hook families
by adminby adminThe satirical news site The Onion isn’t waiting to take possession of Infowars to launch a parody of Alex Jones ’ conspiracy platform. More than a year after first trying …
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Business
GS economist sees AI displacing 15M US workers over a decade, but there’s a catch
by adminby adminA Goldman Sachs economist expects artificial intelligence to displace more than 15 million US workers over the next decade, but argues that the resulting job losses are likely to be …