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[In This Economy] The populist economics of SONA 2026
If you sat through President Ferdinand Marcos Jr.'s fifth State of the Nation Address (SONA) last Monday, July 27, you may have noticed a common thread: giveaways. Cash aid, tax exemptions, higher pensions, cheaper electricity, free medicines. All…
AI Changed The Economics Of Expression; Now We Must Reclaim Meaning
Darnley Merzier, Founder, Strategic & Communications Advisor at EZLEE Management. As a society, we have spent much of the last two years asking whether AI will replace human creativity. I now believe that question sits too far downstream. Over the…
Kumamoto Prefecture gripped by massive economic fallout after earthquake
The powerful magnitude 7.1 earthquake that struck Kumamoto Prefecture on Tuesday has caused widespread disruption to regional economic activity, damaging commercial facilities and factories, and impacting logistics. A explosion occurred at a…
Wildfires near France's Bordeaux spark fears of 'economic apocalypse' for wineries
From his vineyards in Bordeaux wine country, Edouard le Grix de la Salle can sometimes smell the burning forests far away, a potent and unsettling harbinger of profound economic hardship for the region. Vast wildfires have ravaged an area four…
Shared beds, shrinking budgets: China's young workers feel economic squeeze
Chinese sales agent Winnie Zeng has taken an unusual step to protect herself from an uncertain future: she now shares her rented bed with a stranger to cut costs. SCROLL TO CONTINUE WITH CONTENT Frustrated by stagnant pay and worried about losing…
Economy is poised to show strong second-quarter growth - but only after a look under the hood
The U.S. economy churned out another robust rate of growth in the second quarter even as the Iran war boosted inflation, but that might not be so readily apparent in the latest report on gross domestic product. GDP, the official scorecard of the…
Ukraine war briefing: Wildberries attacks shake Russian economy and banking
The Kremlin has acknowledged it may have to prop up online retailer Wildberries – which has lost 10% of its warehousing capacity and huge amounts of stock in Ukrainian drone attacks. Kyiv has said its forces are attacking “Russia's…
Cuba Rolls Out More Economic Reforms as US Pressure Mounts
Cuban officials announced another spate of economic reforms, as the communist-run island struggles to convince the US that its market-liberalization attempts will result in the change that the Trump administration is seeking. The government…
Ukraine has found a new pressure point in Russia's wartime economy
Ukraine's drone attacks on Russia's biggest online retailer Wildberries have ratcheted up the pressure on Moscow's wartime economy. Wildberries is regarded as Russia's domestic equivalent to U.S. e-commerce giant Amazon. Ukraine's hope is that by…
Fiverr stock today: Freelance marketplace's collapse proves AI is decimating the gig economy
Fiverr's dramatic stock collapse on Wednesday is proving to be a real-time example of how artificial intelligence is decimating the gig economy. Shares of online freelance marketplace Fiverr International (Nasdaq: FVRR) were down over 20% midday…
Economic scheme targets 10,000 women entrepreneurs in northern Uganda
Several stakeholders, have launched a landmark twin programme set to empower more than 10,000 low-income women entrepreneurs and 100 horticulture farmers across northern region with access to affordable financing, business development support, and…
India's Economy Sends Mixed Signals as Businesses Juggle War and Trade Shocks
Welcome to India Edition, Bloomberg's daily dive into what's moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I'm Menaka Doshi. If you didn't receive this directly in your inbox, you can subscribe here, and…
Bank of Canada officials split over how long the recent economic rebound will last
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When the AI boom meets the real economy
Rennie Naidoo, Professor of Information Systems at the Wits School of Business Sciences. For the past two years, the conversation around AI has focused largely on software. We debate models, benchmarks, agents and the race between technology…
Americans' confidence in U.S. economy falls again as Iran conflict sends gas prices higher
WASHINGTON (AP) — Americans' confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting. The Conference Board said Tuesday that its consumer confidence index fell to 90.8 in…
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