The United States is considering another round of tariffs on semiconductor imports, according to a report based on people familiar with discussions inside the administration. The proposal could extend beyond individual chips to products that contain semiconductors, including laptops, gaming… Read More ›
Six months into the Middle East war, financial markets have absorbed a shock that initially appeared capable of triggering a much broader global crisis. The conflict disrupted oil production, restricted shipping through the Strait of Hormuz and damaged energy infrastructure… Read More ›
Meta’s attempt to rebuild its workforce around artificial intelligence has exposed a problem that extends far beyond one company: replacing human work with AI is considerably harder than reducing the number of people doing it. What began as an ambitious… Read More ›
Iran and Oman have reportedly reached an understanding on how their respective waters and revenues connected to the Strait of Hormuz would be managed, according to Iran’s Revolutionary Guards. The announcement is significant not because it immediately reopens the world’s… Read More ›
The latest US inflation data have complicated the Federal Reserve’s path toward lower interest rates, with core personal consumption expenditures inflation holding at 3.3 percent in July, well above the central bank’s 2 percent objective. The broader personal consumption expenditures… Read More ›
Bill Gates is warning that the world is entering an artificial intelligence transition faster than governments, businesses and communities are preparing for its consequences. In a new essay, the Microsoft co-founder argues that AI could deliver major gains in medicine,… Read More ›
Artificial intelligence is widely expected to make businesses more productive, reduce operating costs and eventually make many goods and services cheaper. Yet the technology could create a less obvious economic problem during the transition: it may raise inflation before its… Read More ›
Germany, Spain, Portugal, Italy, Poland and Austria are pushing the European Union toward a common response to an increasingly difficult political problem: oil companies are earning unusually large profits while European households and businesses are paying substantially more for fuel… Read More ›
Canada and the United States are moving from prolonged tariff disputes toward a more direct trade confrontation after last-minute negotiations collapsed and Washington imposed a new 50 percent tariff on a range of Canadian goods. The breakdown is significant because… Read More ›
The United States has imposed 50 percent tariffs on a range of Canadian goods after Washington and Ottawa failed to reach a trade agreement, transforming a prolonged dispute between two closely integrated economies into a more serious confrontation. The immediate… Read More ›
