Raise Bank of England inflation target to 3%, says leading thinktank – The Guardian
The Bank of England should be set a 3% inflation target and given powers to crash borrowing costs below zero in response to future economic...
Category : News En
The Price of Money Is Going Up, and It’s Not Because of the Fed – Bloomberg
What’s the most important price in the global economy? The price of a barrel of crude? A microchip? Or maybe a Big Mac? More important...
Americans’ net worth surged by a record 37% from 2019-2022 – CNN
Americans’ net worth surged at a historic pace from 2019 to 2022, a reflection of the pandemic era’s tremendous economic swings and the wealth generated...
Fears of employee displacement as Amazon brings robots into warehouses – The Guardian
Amazon is experimenting with a humanoid robot as the technology company increasingly seeks to automate its warehouses. It has started testing Digit, a two-legged robot...
Tesla third-quarter earnings slow, missing forecasts – CNN
Tesla reported a drop in third-quarter earnings as the electric vehicle maker fell short of Wall Street expectations. Tesla reported adjusted earnings of $2.3 billion...
UK poised to establish global advisory group on AI – The Financial Times
The UK is planning to announce an international advisory group on artificial intelligence at a summit next month, as ministers seek to carve out a...
UK inflation unexpectedly holds steady at 6.7% amid rising fuel prices – The Guardian
UK inflation unexpectedly held steady in September at 6.7% as soaring fuel costs offset the first monthly fall in food prices for two years to...
UK infrastructure needs much more investment, say government advisers – The Guardian
The UK’s infrastructure needs a big cash injection, with public transport, home heating and water networks all in dire need of renewal, independent government advisers...
Rebuilding US industry via green transition makes no sense – The Financial Times
Having exhausted all other options, US policymakers are finally doing the right thing for domestic manufacturing: embracing industrial policy to channel capital towards expanding the...
Taiwan will not surrender its semiconductor supremacy – The Economist
From the 1970s until a few years ago Taiwan’s semiconductor sector looked worthy but dull. Its chip-fabrication plants (fabs for short) kept the global electronics...