US deficit poses ‘significant risks’ to global economy, warns IMF
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Older Frigidaire and Kenmore ranges pose risk of fires, maker warns
The manufacturer has received multiple reports of fires and injuries since the ranges were originally recalled more than a decade ago.CBS News - Top stories -
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 -
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 -
Generative AI poses threat to election security, intelligence agencies warn
A new federal bulletin warns that AI technology like "deepfake" videos could pose serious threats to the 2024 election cycle.CBS News - Politics -
Steelmakers warn ministers that UK faces dumping risk
Plans to bring in carbon tax a year after EU will see shipments ‘diverted’ to Britain, industry saysFinancial Times - World - United Kingdom -
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 -
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 -
High debt levels put Europe at risk of ‘adverse shocks’, ECB warns
‘Fiscal slippage’ leaves countries vulnerable to geopolitical tensions and higher interest rates, says central bankFinancial Times - 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 -
Opponents Will Use AI to Mess With Election, Officials Warn
Foreign foes will harness the technology to influence the vote, officials warn theSenate Intelligence Committee.Inc. - Business -
US warns of possible Pride Month attacks worldwide
The warning comes one week after a similar alert from the FBI and Department of Homeland Security.BBC News - Top stories -
Insurer warns owners of ‘Saltburn effect’ from using stately homes for filming
Owners of historic buildings used in likes of Bridgerton warned of potential damage to possessions and reputations. When the owner of Drayton House in Northamptonshire was approached to allow his 127-room mansion to be the location of a film ...The Guardian - World -
Gaza aid pier opens as US warns of ‘imminent famine’
Humanitarian groups say US maritime initiative is insufficient amid acute food shortagesFinancial Times - Business -
US Official Warns a Cell Network Flaw Is Being Exploited for Spying
Plus: Three arrested in North Korean IT workers fraud ring, Tesla staffers shared videos from owners’ cars, and more.Wired - Tech -
Weather tracker: Tornado and hail risk as US storm season ramps up again
Low pressure also expected to raise temperatures in eastern Canada and north-east US, while temperatures plummet in west. After a lull in recent weeks, storm season in the US has begun to ramp up again, with 100mph winds and tennis ball-sized hail ...The Guardian - World -
The manicure economy
Work demands an even more human touch as machines take jobsFinancial Times - Business -
Carter Center CEO says 'no significant change' in Jimmy Carter's condition: AJC
Carter Center CEO Paige Alexander said in a Wednesday interview that there has been “no significant change” in former President Carter’s condition. “It’s 15 months of hospice at this point, and he is fully retired,” Alexander said on The Atlanta ...The Hill - Politics -
Sony Music Group warns more than 700 companies against using its content to train AI
One of the biggest record labels in the world is issuing notices warning hundreds of companies not to train artificial intelligence models on its content without permission.NBC News - Top stories -
Robert Fico’s allies warn of political war – they will use it to justify the dismantling of our democracy | Monika Kompaníková
In Slovakia, we know what ‘restoring order’ means. After the PM’s shooting, it will be an excuse to suppress any opposition. Monika Kompaníková is a Slovakian writer and editorShortly after the shooting of Robert Fico, I received a phone call from ...The Guardian - World -
Sony Music warns tech companies: Don't use our music to train your AI
Sony Music Group is sending more than 700 letters to tech companies and music streaming services, calling on them to not use its music to train AI without authorization from the label.Los Angeles Times - Entertainment -
Russia-Ukraine war live: Russia to make further bid to carve out ‘buffer zone’ in coming weeks, warns US defence secretary
Lloyd Austin, speaking at the Ukraine Defence Contact Group, praises troops’ courage in ‘hard and dangerous fight’. Russia’s foreign minister, Sergei Lavrov, held a meeting with his Chinese counterpart, Wang Yi, in Kazakhstan’s capital Astana, the ...The Guardian - World - Russia -
After Raisi’s Death, Elections Pose Tricky Test for Iran’s Rulers
Iran’s political establishment must choose between opening the race and facing moderate rivals, or limiting candidates and risking the embarrassment of low turnout.The New York Times - World -
The Morning Risk Report
U.S. blocks imports from 26 more Chinese companies over forced labor concerns, and the U.S. pitches deal to ease sanctions on Israeli businessman in a quest for metals. Also, Microsoft asks hundreds of China-based AI staff to consider relocating ...The Wall Street Journal - World -
Are the Risks of Marijuana Overhyped or Undersold?
‘The psychiatric hospitals I oversee are consistently occupied by patients suffering from complications due to cannabis.’The Wall Street Journal - World -
The Morning Risk Report
BMW, Jaguar and VW parts may have been made With forced labor, Senate report says, and FDIC chairman Martin Gruenberg to resign after a report into regulator’s culture. Also, The U.S. finally has a strategy to compete with China, but will it work?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 -
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 -
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 -
Russia and Ukraine: two economies at war
Government reshuffle underlines Putin’s militarisation effort as Kyiv fights on with western supportFinancial Times - World - Ukraine -
Britain risks throttling a golden goose
By restricting student visas, the UK is endangering its world-class university sectorFinancial Times - World - United Kingdom -
Agents of manipulation (the real AI risk)
Artificial agents will make our lives better. At the same time, these superpowers could easily be deployed as agents of manipulation.VentureBeat - Tech -
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