Europe is leading the race to regulate AI. Here’s what you need to know – CNN
The European Union took a major step Wednesday toward setting rules — the first in the world — on how companies can use artificial intelligence....
Author : Nelli Avetisyan
How Financing Can Boost Low-Income Countries’ Resilience to Shocks
The economic gains from $272 billion in pandemic support for 94 countries were strongest in the poorest and more vulnerable recipients of IMF concessional financing...
Economic growth is back – but the battle with inflation means it may prove fleeting – Independent
Britain’s economy is coughing and spluttering like an old banger trying to start on a cold day, but there is growth. UK plc expanded by...
After Surging Early in the Year, Retail Spending Could Be Cooling – WSJ
Consumer spending at stores, restaurants and websites could be leveling off after a surprisingly strong start to this year as Americans feel pressure from elevated...
Wage-price spirals are far scarier in theory than in practice – The Economist
Awage-price spiral is the stuff of inflationary nightmares. It refers to a situation when prices gallop higher—perhaps because of a sudden shock or policy missteps,...
Economists are torn on whether the Fed’s pause will backfire – CNN
The Federal Reserve is taking its first pit stop after 10 consecutive rate hikes aimed at bringing inflation down from what was a 40-year record...
Meta scientist Yann LeCun says AI won’t destroy jobs forever – BBC News
One of the three “godfathers of AI” has said it won’t take over the world or permanently destroy jobs. Prof Yann LeCun said some experts’...
Which flying taxi will take off first?
A sleek electric aircraft in the familiar blue and white livery of United Airlines is ready to go. It takes off vertically, rising above clogged...
CPI Report Shows Inflation Has Been Cut in Half From Last Year’s Peak – WSJ
Inflation fell in May to around half last year’s peak but remained elevated, showing Federal Reserve officials made progress in cooling price pressures but could...
Here’s What to Expect From the Fed’s Interest Rate Decision – Bloomberg
Federal Reserve policymakers are poised to pause their hiking of interest rates for the first time in 15 months, while retaining a tightening bias that...