Economics Headlines
Opinion | A.I. Is Strangling Our Economy nytimes.com
So much money is being poured into A.I. that the rest of the economy is starting to suffer.
Source: nytimes.com
Asylum-seeking Florida workers contribute billions to economy, study finds cbs12.com
Even before the U.S. Supreme Court gave President Donald Trump twin legal victories supporting his immigration policies designed to oust migrants from the U.S.,
Source: cbs12.com
If USMCA is not renewed, analysts expect uncertainty for businesses aljazeera.com
US President Donald Trump has warned he would ‘rather not have’ the free trade agreement ahead of its July 1 review.
Source: aljazeera.com
BIS Sees Peril for Economy, Financial System in AI Investment Boom wsj.com
Fierce competition will dominate artificial intelligence risks driving investment spending to excessive levels that could tip some economies into recession, the Bank for International Settlements said.
Source: wsj.com
FirstFT: AI ‘exuberance’ threatens the global economy, BIS warns ft.com
Also in today’s newsletter: Aramco helicopter crashes at Saudi port, and Indian snack giant Haldiram’s preparing European expansion
Source: ft.com
Exclusive | Economist Richard Koo on China and Japan’s shared ‘battle against time’ scmp.com
China has strong tech industries and a large market – but so did Japan before its recession, warns the Nomura Research Institute scholar.
Source: scmp.com
Fed’s Barkin warns of high inflation, but sees signs of relief fortune.com
“Businesses, when they set prices, take today’s inflation as a factor, and so I think there’s some persistence to inflation.”
Source: fortune.com
Developing economies embrace liberalization as the West retreats washingtonpost.com
Industrial subsidies have reached their highest levels since the 2008 financial crisis, but that’s driven by the advanced economies.
Source: washingtonpost.com
The overlooked reason why new drugs take so long—and the $10 trillion fix foxbusiness.com
A new report estimates speeding up FDA drug approvals by one year could generate over $10 trillion in economic value from faster medical innovation.
Source: foxbusiness.com
Debt, AI boom and economic fragilities raise global risks, BIS says cnbc.com
The central bank umbrella group’s Annual Economic Report warned of a complex mix of vulnerabilities.
Source: cnbc.com
‘A devastating reality:’ Asylum-seeking Florida workers contribute billions to economy, study finds sun-sentinel.com
South Florida is home to one of the largest groups of asylum seekers whose jobs are now jeopardized by federal immigration policies designed to oust them from the U.S..
Source: sun-sentinel.com
Ukraine’s vibe shift is bad news for Russia’s economy ft.com
As Kyiv’s battlefield fortunes change, policies long favoured by the west could now do real damage to Moscow
Source: ft.com
As Europe sizzles amid extreme heat, the hunt for China’s aircon remains elusive scmp.com
While Europe sweats its way through torturous temperatures of up to 40 degrees Celsius, China cannot get ACs transported over fast enough.
Source: scmp.com
Rising cost of insuring against climate crisis will have wider knock-on effects for UK economy theguardian.com
As extreme weather events become more common, economists say government will need to take more active role to protect consumers
Source: theguardian.com
