Writing the summary…
Why AI is both the hope and the hazard for world leaders, according to IMF chief Georgieva
Source: CNBC
Original reporting
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BBC Business
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CNBC
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The Guardian
UK house prices flatline as rising mortgage costs weigh on market
Average cost of home in September was £298,441, says Lloyds – about the same as year earlier and in August Business live – latest updates UK house prices flatlined in September, according to a leading index, as rising mortgage costs started to weigh on the market. The average cost of home last month was £298,441, roughly the same as it was a year earlier and in the previous month, according to the tracker from Lloyds previously known as the Halifax HPI. Continue reading...
The Guardian
IMF chief warns energy shock, public debt and AI boom threaten global growth – business live
Kristalina Georgieva’s warning comes as Brent crude rises above $101 a barrel HSBC reportedly plans big job reductions in its UK wealth management division, slashing the ranks of financial advisers and other specialists as it uses AI to serve its wealthy clients. Half the business’s management and specialist roles are expected to go, along with 70% of financial advisers, the Financial Times reported , citing anonymous sources. HSBC UK is a long-established, leading UK wealth manager and premium banking provider. We’re continuing to evolve to deliver more digitally enabled products and journeys to support our best-in-class wealth service and meet the changing needs of our customers. help manage AI’s substantial perils, which including large-scale labour market fallout, serious cyber and stability risks and frontier models threatening to escape human control and run amok. Continue reading.
BBC Business5 outlets
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CNBC
Oil rises as concerns over Houthi attacks on Saudi Arabia eclipse supply recovery
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