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Trump-Xi summit puts AI safety talks on the table but neither side wants to slow down
Source: CNBC
Original reporting
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AI is killing the grunt work, forcing companies to rethink entry-level hiring
AI is becoming increasingly adept at tasks usually given to junior employees. Some fear the impact it might have on entry-level hiring.
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Oil prices mixed after U.S. and Iran talk for hours at UN meeting
Oil prices were mixed Wednesday, amid hopes of a diplomatic solution to the conflict in the Middle East after Iran and the U.S. had talks.
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UK and US warned to take action on spiralling debt costs by IMF
In an interview with the BBC, Kristalina Georgieva says economic shocks had pushed "debt levels up like a staircase not to heaven".
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Soybeans, planes and rare earths: What they say about fragile U.S.-China trade truce
Uneven delivery on soybean, plane and rare earths commitments points to a fragile U.S.-China trade truce, with both sides upholding a careful détente.
The Guardian
Oil prices fall in longest losing streak in a year on hopes of progress in US-Iran talks – business live
Oil prices decline for a sixth session, as Saudi Arabia reportedly restarts its east-west pipeline In the eurozone as a whole, private sector output growth hit a three-and-a-half year high in September, helped by the ramp-up in AI and defence spending, according to the latest PMI survey. The flash reading from S P Global showed output rose at the fastest pace since April 2023 amid solid expansions in both the series and manufacturing sectors, reflecting high new orders. It’s no surprise to see inflationary pressures on the rise again in September, given the increase in energy prices emanating from the ongoing conflict in the Middle East, but more encouraging is the resilience of economic growth being reported. A ccelerating business growth means the flash PMI survey is indicative of GDP rising at a quarterly rate of 0.4% , with order book growth picking up further momentum across both ma
CNBC2 outlets
Zelenskyy says Ukraine ready for ‘energy ceasefire’, calls for trilateral meeting with Putin, Trump
Zelenskyy said Ukraine is ready for an “energy ceasefire” with Russia, provided Moscow stops attacks on critical infrastructure.