German Economy Shrank in Third Quarter Amid Recession Threat – Bloomberg
German output shrank in the third quarter — raising the risk that Europe’s largest economy is headed for a recession. Gross domestic product fell 0.1%
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Humanity at risk from AI ‘race to the bottom’, says tech expert
Ahandful of tech companies are jeopardising humanity’s future through unrestrained AI development and must stop their “race to the bottom”, according to the scientist behind
PODCAST: A massive GDP number
In the third quarter, the US economy, as measured by annualised GDP, grew 4.9%. In an environment of skyrocketing interest rates, that is an extraordinary
European Central Bank Ends Record Run of Rate Increases – WSJ
The European Central Bank held interest rates steady, ending a historic run of 10 consecutive rate increases as Europe’s currency union teeters on the brink
U.S. Economy Grew a Strong 4.9%, Driven by Consumer Spree That May Not Last – WSJ
U.S. economic growth surged this summer at the fastest pace since 2021, as consumers spent at a blockbuster rate that will be difficult to sustain.
Purchasing power of Europeans increases to €17,688 in 2023 – GFK
In 2023, the average per capita purchasing power in Europe is €17,688. However, there is a clear divide among the 42 countries in Europe: Liechtenstein,
OpenAI Is Starting a New Team to Reduce Risk From Future AI – Bloomberg
OpenAI is starting a new team aimed at minimizing risks from artificial intelligence as the fast-developing technology gets more capable over time.
The U.S. consumer is ‘walking towards a cliff,’ strategist warns – CNBC
Trouble is brewing for the U.S. consumer, according to one strategist, and a substantial labor market downturn could kick-start a recession. “I think the U.S.
Big Tech Cannot Be Regulated
Big Tech is so profoundly different from other industries that it cannot be regulated like the trusts, cartels, or conglomerates of the past. After all,
ECB Set to Hit Pause on Historic Rate-Hiking Campaign – Bloomberg
The European Central Bank is set to keep interest rates on hold for the first time in more than a year amid growing evidence that