The Dollar Is Still King in Europe, and It’s Swaying Interest Rates – WSJ
It’s not just Americans watching anxiously to see if the Federal Reserve raises rates or the U.S. slides into recession; so are Europeans, and indeed...
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Nvidia is not the only firm cashing in on the AI gold rush – The Economist
Agrey rectangular building on the outskirts of San Jose houses rows upon rows of blinking machines. Tangles of colourful wires connect high-end servers, networking gear...
Why does Wall Street expect a rate hike in June? – CNN
Wall Street expects the Federal Reserve to raise interest rates in June. Not only that, it finally believes the central bank when it says it...
Debt Deal Adds Brake on US Economy Already at Risk of Recession – Bloomberg
The cap on government spending in Washington’s deal to raise the federal debt limit adds a fresh headwind to a US economy already burdened by...
Emerging markets warned against swift rate cuts until inflation is under control – The Financial Times
Tight labour markets and loose fiscal policies will prolong inflation in some developing countries, warn analysts, with underlying price pressures remaining stubbornly entrenched even as...
A new wave of mass migration has begun – The Economist
Last year 1.2m people moved to Britain—almost certainly the most ever. Net migration (ie, immigrants minus emigrants) to Australia is currently twice the rate before...
Microsoft executive calls for faster AI regulation – CNN
The government needs to work faster to regulate AI, which has more potential for the good of humanity than any other invention preceding it, Brad...
Europe’s Economic Engine Is Breaking Down – Bloomberg
Germany has been Europe’s economic engine for decades, pulling the region through one crisis after another. But that resilience is breaking down, and it spells...
First Republic: 1,000 jobs cut by new owner JP Morgan – BBC News
Wall Street giant JP Morgan Chase is cutting jobs at failed US lender First Republic Bank, after buying the firm this month. Around 1,000 roles,...
US debt ceiling talks progress as deadline approaches – The Financial Times
President Joe Biden and Republican House speaker Kevin McCarthy have moved closer to a two-year deal to limit government spending and avert a US debt...