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Economy increasingly at risk the longer Iran war drags on
The war has gone on for over a month now, putting a wrench in global supply chains, especially by effectively closing one of the biggest chokepoints for trade worldwide — the Strait of Hormuz. “The longer the supply chain disruptions…
Emerging economies at greater risk of high interest and currency shocks because of Iran war, says IMF
Emerging economies are at greater risk of higher interest rates and currency shocks resulting from the Iran war because of increased reliance on market investors such as hedge funds, the International Monetary Fund has warned. The IMF's analysis…
A new economic superpower could spark a global retreat from fossil fuels | Mark Hertsgaard and Kyle Pope
The Iran war is also a climate war. Beyond its terrible human costs, the war's disruptions of oil, gas, fertilizer and other shipments is another reminder of the risks inherent in basing the world economy on fossil fuels. The war's jets, missiles…
Iran war: India's high-growth economy gets a Middle East oil shock
It wasn't too long ago that India's central bank, the Reserve Bank of India (RBI), described the country's high growth-low inflation environment as a 'Goldilocks' moment. But that optimism has proved ephemeral as the ongoing war in the Middle East…
Sam Altman proposes robot tax as American economy transforms
Sam Altman, the billionaire CEO of OpenAI, has outlined recommendations for how governments should regulate artificial intelligence and share the economic gains from the technology's rapid rise. In a white paper released on Monday, entitled…
AI Is Exposing The Limits Of Economics
There is a particular pleasure in watching a scholar dismantle the monument he has spent a career admiring. Tyler Cowen named his blog after the Marginal Revolution ; he has spent decades explicating, celebrating, and applying marginalist thinking…
Goldman Warns on Copper as Iran War Threatens Global Economy
Copper is vulnerable to further declines if the Strait of Hormuz remains blocked, Goldman Sachs Group Inc. warned, as metals markets brace for President Donald Trump's deadline for Iran to agree a deal or face sweeping attacks on civilian…
Artemis II reignites deep-space travel. Will it also boost a lunar economy?
The crew of Artemis II set a record Monday for the farthest distance humans have traveled from Earth, as the spacecraft swung around the far side of the moon. Shortly after traveling 248,656 miles away from Earth, breaking the record set by Apollo…
OpenAI's vision for the AI economy: public wealth funds, robot taxes, and a four-day work week
As governments grapple with how to manage the economic fallout of superintelligent machines, OpenAI has released a set of policy proposals outlining the ways wealth and work could be reshaped in an “intelligence age.” The ideas blend…
Anthropic economics chief talks about the jobs that could be killed by AI
Oil is at $109 per barrel. EXCLUSIVE: Anthropic's economics chief talks about the jobs that could be killed by AI. Anthropic revenue surpasses OpenAI. Countdown to Trump's 8 p.m. deadline for a deal with Iran. “Cicada”: How the latest…
Canavan declares war on the Liberal Party's economic orthodoxy
Nationals leader Matt Canavan wants an economic revolution that puts him at odds with the free-market ideas that define the Liberal Party's economic ethos, and is proposing to spark a manufacturing renaissance underpinned by Trump-style tariffs on…
7th consecutive rate hold looms as Middle East risks weigh on economy
The Bank of Korea (BOK) is widely expected to keep its interest rate unchanged at 2.5 percent at Friday's monetary policy board meeting, market watchers said Tuesday, as rising Middle East tensions add to inflation and foreign exchange risks. The…
Global economy faces bigger interest rate shock than expected, bank boss warns
A BANKING giant boss has warned the global economy is facing an even bigger interest rate shock than expected from the Iran war. JP Morgan boss Jamie Dimon said the conflict in the Middle East will likely keep causing oil prices to shoot up and…
Middle East crisis spurs economic risks, inflationary pressure: KDI
Downside risks to the South Korean economy are increasing amid the prolonged conflict in the Middle East as rising global oil prices and supply chain disruptions could have broader negative impacts on prices, consumption and exports, a state-run…
Australia needs more than a reset, it needs an 'economic revolution': Canavan
Australia must reject unconditional free trade and reinvest in critical industries in response to the war in Iran, Nationals leader Matt Canavan has declared, putting him in alignment with the prime minister, who argued last week that Australia had…
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