Phillips 66 is using artificial intelligence to predict potential equipment outages inside its refining operations, with the aim of reducing maintenance costs and keeping plants operating for longer. The company says greater system availability allows it to process more crude… Read More ›
Artificial intelligence is beginning to influence how some American consumers discover food, and Conagra Brands sees the change as particularly relevant to the rapidly evolving snack market. The company’s research found growing interest in higher-protein foods, bold flavours and products… Read More ›
Volkswagen’s restructuring is moving into a more difficult phase because the company must now translate a broad turnaround strategy into decisions about factories, workers, markets and products. The central problem is not simply the size of its workforce. It is… Read More ›
The International Monetary Fund is moving toward a more selective approach to the reforms attached to its lending programmes, reflecting a basic problem exposed by the shocks of recent years: countries receiving financial assistance cannot always implement long lists of… Read More ›
Iran has put a precise seven-day timetable at the heart of its latest diplomatic proposal to the United States, offering to reopen the Strait of Hormuz and restart comprehensive nuclear negotiations if Washington accepts its conditions. The importance of the… Read More ›
The most important warning from a sharp rise in US Treasury yields is not necessarily that borrowing costs have reached an unusually high level. It is that markets, companies and financial institutions can struggle when rates move upward faster than… Read More ›
The global economy is absorbing the latest Middle East energy shock better than initially feared, and a major reason is the unusually strong investment cycle surrounding artificial intelligence. Spending on data centres, advanced computing equipment and semiconductor production is supporting… Read More ›
Iran’s proposal to reopen the Strait of Hormuz has introduced a potentially important bargaining mechanism into the stalled effort to end the war with the United States. Tehran has indicated that shipping through the strategic waterway could resume within days… Read More ›
Artificial intelligence is moving online shopping from a system in which consumers make every important decision to one in which software can increasingly make those decisions for them. AI shopping agents can search for products, compare prices, interpret preferences and,… Read More ›
The pressure on financial stocks reflects a broader reassessment of how artificial intelligence and interest rates could change the economics of financial services. The recent decline across US financial shares brought two separate concerns into focus: whether AI could weaken… Read More ›
