Writing the summary…
Nick Clegg plays down fears ‘godlike’ AI could exterminate humanity
Source: The Guardian
Original reporting
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BBC Business2 outlets
Tories would prevent long-term jobless spending benefits on alcohol and cigarettes
The proposals would also see benefits cut for people who are able to work but have failed to hold down a job.
The Guardian
UK interest rates ‘increasingly likely to rise’ if energy prices remain high, Bank of England’s Lombardelli warns – business live
BoE deputy governor cites risks from energy prices, as US 30-year bond yields hits highest since 2004 Newsflash: A Bank of England deputy governor is warning that interest rates will be raised, if necessary, to combat the risk of persistent inflationary pressures from higher oil prices. Clare Lombardelli is telling the Sixth Biennial Conference on Macroeconomic Policy in Warsaw that the energy shock due to the conflict in the Middle East is likely to keep pushing UK inflation higher in the coming months. Strong demand for AI components is already pushing up global export prices and weather-related shocks add upside risks. On the other hand, trade diversion is reducing inflation. The longer higher energy prices persist, the greater the risk that indirect effects build and that inflation expectations, wage bargaining and price-setting behaviour begin to adjust in response. On that basis, p
The Guardian2 outlets
What’s on the agenda for the Trump-Xi summit, and what won’t they discuss?
Two leaders could discuss tech safety issues and US-China trade ties but may skip over climate emergency Analysis: AI looms large over Trump-Xi meeting The leaders of the world’s two superpowers are meeting in the US on Thursday for Xi Jinping’s first state visit to the US in more than a decade. The last time the Chinese president was hosted in Washington (by Barack Obama in 2015), the issues on the agenda included cybercrime, technology, the climate crisis and human rights. The star of the day was Ne-Yo , who serenaded Xi and his wife, Peng Liyuan, with Peng reportedly singing along at the state dinner . This time, Xi is meeting Donald Trump, who has overhauled the world order and recalibrated the US-China relationship. Trump is contending with a China that is in a much stronger position than it was 10 years ago. Here are five things to look out for at the US-China summit. Continue read
CNBC
China confirms first AI talks with U.S. have taken place, hints at trade truce extension
Chinese confirmation of the AI discussions came just hours before President Xi Jinping was scheduled to begin talks with U.S. President Donald Trump.
CNBC
Switzerland is keeping rates at 0% — for now
The Swiss National Bank held rates at 0% as low inflation and a strong franc enable it to diverge from other central banks, though markets expect hikes ahead.
BBC Business
Rolls-Royce signs 'multi-million' engine deal
The order will see 18 engines built and maintained by the company from its Derby aerospace centre.