Purchasing power of Europeans increases to €17,688 in 2023 – GFK
In 2023, the average per capita purchasing power in Europe is €17,688. However, there is a clear divide among the 42 countries in Europe: Liechtenstein,...
Category : News En
OpenAI Is Starting a New Team to Reduce Risk From Future AI – Bloomberg
OpenAI is starting a new team aimed at minimizing risks from artificial intelligence as the fast-developing technology gets more capable over time....
The U.S. consumer is ‘walking towards a cliff,’ strategist warns – CNBC
Trouble is brewing for the U.S. consumer, according to one strategist, and a substantial labor market downturn could kick-start a recession. “I think the U.S....
ECB Set to Hit Pause on Historic Rate-Hiking Campaign – Bloomberg
The European Central Bank is set to keep interest rates on hold for the first time in more than a year amid growing evidence that...
What to Watch For in Thursday’s GDP Report: How High Did Consumers Push Economic Growth? – WSJ
U.S. economic growth accelerated sharply during the third quarter, forecasters estimate, as Americans increased spending and shook off fears of a slowdown.Economists surveyed by The...
Meta doubled profits in September quarter as turnaround effort continues – CNN
Meta again exceeded Wall Street’s expectations on Wednesday when it reported earnings for the quarter ended in September, in another sign that the company’s “year...
The world wants to regulate AI, but does not quite know how – The Economist
The venue will be picturesque: a 19th-century pile north of London that during the second world war was home to Alan Turing, his code-breaking crew...
Alphabet Shows the Mega-Layoff Announcements Were Just That, Headcount Dropped Far Less and is Rising Again – Wolf Street
One theme has become clear: The huge tech and social media layoff announcements that were thrown propaganda-like at the labor market have not panned out...
How the Highest Bond Yields in 16 Years Could Chill the Hot U.S. Economy – WSJ
Add surging interest rates to the list of threats staring down the U.S. economy. The yield on the U.S. 10-year Treasury note touched 5% on...
Change to jobs market data could not come at worse time for Bank of England – The Guardian
The general rule of thumb that all economic data should be treated with caution applies in spades to the latest jobs figures released by the...