Inflation in UK Shops Hits Record High With More Pain Ahead – Bloomberg
Prices in UK stores have soared to another record high in a sign that the cost-of-living crisis is far from over. The inflationary crunch has...
Author : Nelli Avetisyan
Generative AI set to affect 300mn jobs across major economies – The Financial Times
The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to...
Europe’s banks are still at risk, regulator warns – CNN
Europe’s banks are not yet in the clear, a top EU regulator said Monday, two weeks after the collapse of Silicon Valley Bank in the...
Where Financial Risk Lies, in 12 Charts – WSJ
The sudden collapse of Silicon Valley Bank was driven in part by assets that lost value when interest rates rose from near zero. Higher rates...
Microsoft Threatens Data Restrictions In Rival AI Search – Bloomberg
Microsoft Corp. has threatened to cut off access to its internet-search data, which it licenses to rival search engines, if they don’t stop using it...
Central Banks Must Enhance Transparency to Build Trust
The Bank of Canada published a detailed summary of its Governing Council deliberations for the first time last month, joining nearly two dozen other central...
U.S. Bank Failures Pose Risk to Global Growth – WSJ
Turmoil in the U.S. banking sector isn’t just a problem for the U.S. It also increases the risks of a global recession. Many economists expected...
The real next big thing in business automation – The Economist
Running a big business is complicated—often mind-numbingly so. Seemingly straightforward processes such as taking an order and receiving the payment can take thousands of possible...
IMF chief warns global financial stability at risk from banking turmoil – The Guardian
The head of the International Monetary Fund has warned that the global economy faces risks to its financial stability because of the turbulence in the...
Money market funds swell by more than $286bn as investors pull deposits from banks – The Financial Times
Goldman Sachs, JPMorgan Chase and Fidelity are the biggest winners from investors pouring cash into US money market funds over the past two weeks, as...