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Healey faces £35bn Budget challenge to meet spending pledges, says think tank
Source: BBC Business
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World Bank jobs council urges 'crisis-era' support measures as IMF warns of AI ‘tsunami’ hit
IMF Chief Kristalina Georgieva warned AI is hitting the global labor market like a “slow-moving tsunami,” with young workers entering the job market the most exposed.
The Guardian3 outlets
AI less regulated than milk, Microsoft president says in warning over safety
Brad Smith adds to calls for tougher rules governing AI, including legal obligation to victims of rogue agents Business live – latest updates Artificial intelligence is less regulated than milk and washing machines, the president of Microsoft has said, as the tech industry warns over the safety of AI. Brad Smith said there should be more safety rules to govern the technology including a legal obligation to a “victim” if their system was breached by rogue AI agents. Continue reading...
The Guardian
UK inflation pressures hit three-year high; Nobel prize for economics awarded today – business live
Rolling coverage of the latest economic and financial news Newsflash: The EU is to limit the number of hybrid electrical vehicles imported from China to 350,000 cars a year, senior officials have confirmed in Brussels. Exports of hybrids have been soaring in the last two years with about 800,000 battery and plug in hybrids expected to be sold this year. In line with our expectations, the decline in Group net fees eased to 3% in Q1 driven by good Temp Contracting growth in several of our countries. Perm activity remains mixed with sustained strong growth in North America but ongoing fragility in Northern Europe . Our medium term targets can be achieved through our own actions and we were pleased to make continued good progress with our structural cost and productivity initiatives during the quarter.” Continue reading...
BBC Business2 outlets
AI is less regulated than milk, says Microsoft president
Brad Smith calls for global rules on AI, and says the UK is in the "best position" to lead the charge.
CNBC
AI may change the price of your Big Mac and groceries — what this means for shoppers
As retailers turn to AI tools to streamline operations, experts warn that collecting more detailed consumer data increases the risk of personalized pricing.
The Guardian
The Gulf has entered a new era of instability. If its leaders think they can rely on old alliances, they are wrong | Nesrine Malik
The latest attack by Houthi rebels on Saudi Arabia may prove to be more calamitous for the region than the world imagines On Saturday, Houthi rebels launched a shocking and deadly attack on Saudi Arabia’s capital city, Riyadh. At the time of writing, the missile strike on King Khalid international airport has killed at least 13 people and left 300 injured, marking a significant turn in a regional conflagration that is only getting more intense. It was the single most deadly attack on any Gulf country since the US and Israel launched their war on Iran in February. In Saudi Arabia, a country that is unaccustomed to such fatalities, the death toll is bewilderingly high and likely to prompt a bloody response. Over the past year, the Gulf has entered a new era of instability that is not temporary and cannot be reversed. This may feel like an overstatement – casualties have been relatively low