Weighing Up AI’s Climate Costs
Although artificial intelligence will probably increase global energy consumption in the short term, its potential to drive down carbon emissions across a wide range of
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First UK inflation increase of year forecast in setback for Bank of England – The Guardian
The Bank of England is poised for a setback in the battle against high inflation this week amid expectations for a first increase in the
A key inflation gauge showed price hikes slowed last month. But economic jitters remain – CNN
US wholesale inflation slowed as expected in July, easing after an unexpected flare-up the month before. That sets the stage for an even more crucial
U.K. Wage Growth Eases in Boost for Bank of England – WSJ
U.K. wage growth cooled in the three months to June, reassuring news for the Bank of England as it battles inflation, though persistent tightness in
Investor expectations plunge in Eurozone – The Financial Times
Investor confidence about the Eurozone and German economies has collapsed in August, boosting the case for another interest rate cut by the European Central Bank
Patriotism is replacing purpose in American business – The Economist
What are companies for? Five years ago the Business Roundtable, a coven of American chief executives, overturned orthodoxy on this question. For decades company bosses
German Economic Expectations Nosedive as Global Slowdown Fears Bite – WSJ
Economic sentiment in Germany slumped this month, as weakening views of the health of the global economy exacerbated an already gloomy outlook. The ZEW Indicator
Should AI always explain itself?
Two significant bits of news concerning the march of artificial intelligence across financial services crossed my desk last week. One was JPMorgan rolling out a
Inflation Hurts Most for the Things We Can’t Skimp On – WSJ
Inflation is slowing. So why doesn’t it feel that way? After all, price increases for lots of items, like cable and shampoo, are indeed cooling.
Investors Brace for Another Big Week – The New York Times
A new batch of inflation data and earnings from major retailers will again put the spotlight on consumer confidence and economic growth. A sense of