IMF warns fiscal deficits could dent global economy
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Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.CNBC - Business -
Global Economy Will Grow More Than Expected, U.N. Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
Productivity soars in sectors of global economy most exposed to AI, says report
Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills. The sectors of the global economy most heavily exposed to artificial intelligence (AI) are witnessing a marked productivity increase and ...The Guardian - World -
IMF warns Hunt against UK tax cuts as it flags £30bn funding gap
Fund says real departmental spending growth may rise at double the pace seen in official projectionsFinancial Times - Business - United Kingdom -
Sony Music warns global tech and streamers over AI use of its artists
Music group representing Adele and Beyoncé contacts more than 700 companies to prohibit use of contentFinancial Times - Business -
England return with 'pride dented' - Buttler
Captain Jos Buttler says England's "pride was dented" by their disappointing defence of the 50-over World Cup last year.BBC News - Top stories -
The manicure economy
Work demands an even more human touch as machines take jobsFinancial Times - Business -
U.S. officials privately warned telecommunications companies that undersea cables that carry internet traffic across the Pacific Ocean could be vulnerable to tampering by Chinese repair ships.
U.S. officials privately warned telecommunications companies that undersea cables that carry internet traffic across the Pacific Ocean could be vulnerable to tampering by Chinese repair ships.The Wall Street Journal - World -
English universities face severe deficits if student numbers fall, says OfS
Watchdog says growth forecasts are ‘not credible’ as ministers consider further curbs on international applicationsFinancial Times - Business -
Rates should be cut to 3.5% by end of 2025, IMF says
The international body upgrades its UK growth forecast and says rates could fall to 4.5% by the end of 2024.BBC News - Top stories -
America Hits the Global Snooze Button
In an increasingly alarming world, the West can’t afford to rest for much longer.The Wall Street Journal - World -
Russia and Ukraine: two economies at war
Government reshuffle underlines Putin’s militarisation effort as Kyiv fights on with western supportFinancial Times - World - Ukraine -
You be the judge: should my mum let me drive her new car after I dented her old one?
Abbie says the minor collision was a one-off, but her mum Jane says she should now save up to buy her own car. You decide whose argument should be bumpedFind out how to get a disagreement settled or become a juror. Everyone make mistakes – even ...The Guardian - World -
Top 20 Global Concert Tours from Pollstar
AP Global Top 20 Pollstar Week of 05/20/24ABC News - Entertainment -
As American global hegemony ends, multi-alignment rises
Unlike the rigid alliances of the Cold War, multi-alignment involves a strategic flexibility that empowers nations to navigate the complexities of a multipolar world.The Hill - Politics -
Gold's Global Rally Is Sparking a New Investor Class
Gold is hitting record highs— bucking long held trends for the commodity. WSJ breaks down the factors behind its rally and why that’s bringing in a new class of investors.The Wall Street Journal - World -
A Global Tax on Billionaires? Janet Yellen Says 'No'
The Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax.The Wall Street Journal - World -
Global Government Bonds Face Period of Temporary Calm
Meaningful rises or falls in global government bond yields look unlikely in the near term as interest rates have peaked, but persistent inflation means rate cuts will likely be slow, analysts said.The Wall Street Journal - World -
Edwards leads Wolves back from 20-point deficit for 98-90 win over defending NBA champion Nuggets
Anthony Edwards overcame a slow start and the Timberwolves roared back from a 20-point second-half deficit to eliminate the reigning NBA champion Denver Nuggets 98-90 in a Game 7 Minnesota masterpieceABC News - Sports - NBA -
Edwards leads Wolves back from 20-point deficit for 98-90 win over defending NBA champion Nuggets
Anthony Edwards overcame a slow start and the Timberwolves roared back from a 20-point second-half deficit to eliminate the reigning NBA champion Denver Nuggets 98-90 in a Game 7 Minnesota masterpiece on Sunday night.NBC News - Top stories - NBA -
NBA playoffs: Timberwolves rally from 20-point deficit to stun Nuggets in Game 7, reach conference finals
For the first time in two decades, the Minnesota Timberwolves are headed to the Western Conference finals.Yahoo Sports - Sports - NBA -
This Commodity Tells a Story About the Entire Economy and It's Bullish
Copper prices have gone parabolic this year as traders bet on economic growth and AI.Inc. - Business -
Economy Losing Steam as Labor Market Tightens
Weekly jobless claim numbers decline as the impact of higher interest rates starts to hit key business sectors like homebuilding and manufacturing.Inc. - Business -
Under Israeli Bombs, a Wartime Economy Emerges in Gaza
Amid the destruction, a marketplace of survival has arisen focused on the basics: food, shelter and money.The New York Times - World - Israel -
Are the US and Chinese economies really about to start ‘decoupling’?
Experts say Biden’s tariffs on Chinese clean tech goods are not the trade-war move some fearFinancial Times - Business -
Thailand's Economy Grows on Strong Consumption, Tourism
The Thai economy grew in the first quarter thanks to strength in private consumption and tourism, despite continued weakness in goods exports.The Wall Street Journal - World -
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C.D.C. Warns of a Resurgence of Mpox
A deadlier version of the infectious disease is ravaging the Democratic Republic of Congo, while the type that caused a 2022 outbreak among gay and bisexual men is regaining strength.The New York Times - World -
Honor of Kings gets a global rollout on June 20 on mobile
TiMi Studio Group and Level Infinite, both divisions of Tencent, have confirmed that Honor of Kings will have a global roll-out on June 20.VentureBeat - Tech -
China is a 'critical' global supplier, full decoupling may be impossible, survey shows
Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade.CNBC - Business - China -
Crypto Lender Genesis Global Gets Wind-Down Plan Approved
A bankruptcy judge approved a chapter 11 wind-down plan for Genesis that will pay back creditors about 77% of the same digital assets that they lent to the cryptocurrency lender before its bankruptcy filing.The Wall Street Journal - World - Crypto -
Global investors wake up to cheap UK stocks as takeover activity rises
Jupiter Asset Management boss says London-listed shares are ‘cheapest they have been in 50 years’Financial Times - Business - United Kingdom -
Pope Francis says "the globalization of indifference is a very ugly disease"
In a rare interview, Pope Francis answers questions on global conflicts in Ukraine and Gaza, migrants in the U.S., sexual abuse in the church, and more during a conversation with Norah O'Donnell.CBS News - Top stories -
Global stocks hit record highs as more countries join in the rally
More global stocks are joining in the rally, and that’s a good thing — especially for U.S. markets.MarketWatch - Business -
Gina Rinehart tried to hide her portrait – it went global instead
Vincent Namatjira’s painting in the NGA of Australia’s richest woman has been seen by millions around the world, appearing on CNN and the BBC and getting the attention of Stephen Colbert and Jimmy Fallon. . If Gina Rinehart was trying to make sure ...The Guardian - World -
The US Is Forming a Global AI Safety Network With Key Allies
US Secretary of Commerce Gina Raimondo says the US is collaborating with other countries, including the UK, Japan, and Canada, to manage the risks posed by artificial intelligence.Wired - Tech -
Senators ask for Formula 1 investigation over Andretti Global rejection
A bipartisan group of senators has written to the Biden administration asking the Justice Department and the Federal Trade Commission to investigate Formula 1 over a possible violation of American antitrust law. Formula 1, commonly known as F1, in ...The Hill - Politics -
The EU Takes Global Lead on AI Safety Laws and Protections
The laws taking effect in Europe next month go further and bite harder thanother national policies on AI misuse and safeguards.Inc. - Business - European Union -
What does the Dow's 40,000-point milestone say about the economy?
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss ...CBS News - Top stories -
Leading index for U.S. economy sinks again and points to slower growth
The leading indicators for the U.S. economy fell in April for the second month in a row and pointed to ”serious headwinds to growth.”MarketWatch - Business