Global Spillovers
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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 -
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 -
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 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 -
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 -
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 -
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 -
Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.CNBC - Business -
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 -
Experts say coral reef bleaching near record level globally because of 'crazy' ocean heat
Scientists say temperatures that have gone “crazy haywire” hot, especially in the Atlantic, are close to making the current global coral bleaching event the worst in historyABC News - Tech -
Senators call on Justice Department and FTC to investigate Formula 1 for rejecting Andretti Global
In a letter led by Democratic Sen. Amy Klobuchar, chair of the Senate antitrust panel, six senators argued F1 management may be violating U.S. antitrust law.NBC News - Top stories -
The U.S. opposes a proposed global wealth tax on billionaires, Treasury Secretary Yellen said, rejecting an idea floated by Brazil, France and other countries.
The U.S. opposes a proposed global wealth tax on billionaires, Treasury Secretary Yellen said, rejecting an idea floated by Brazil, France and other countries.The Wall Street Journal - World