Shipbuilding Sector
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Productivity Surging in AI-Intensive Sectors
A report from PwC says information technology, professional and financial services and in information technology are more than four times more productive than other sectors because of their AI use.Inc. - Business -
Radical change looms for Japanese legal sector
Advisers are braced for more domestic businesses to become targets for unsolicited takeoversFinancial Times - World - Japan -
China unveils package to boost property sector
Central bank eases lending requirements and lowers downpayments to ease years-long slowdownFinancial Times - World - China -
China moves to revive stricken property sector
Also in this newsletter: main UK political parties ramp up campaigning, US-built pier in Gaza opens for aid, science round-upFinancial Times - World - China -
China eases mortgage rules in latest push to aid property sector
China’s financial regulators said Friday that they would remove the mortgage rate floors for first and second homes, and lower minimum downpayment ratios for first-time homebuyers.MarketWatch - Business - China -
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China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments.CNBC - Business - China -
China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities pledged new support for state-owned enterprises to enable them to buy unsold apartments, in an effort that could help developers get more funding to finish construction on pre-sold properties.NBC News - Top stories - China -
UK grocery inflation falls to ‘more normal levels’, sector data shows
Kantar figures indicate prices rose 2.4% in the four weeks to mid-May, down from 3.2% the previous monthFinancial Times - Business - United Kingdom -
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 -
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Card payments remain a ‘challenge’ for legal cannabis as major banks avoid the sector. Changing classification won’t help.
Standard credit card transactions remain elusive but more financial services firms are moving into the space.MarketWatch - Business -
Power demand from AI, EVs and Big Tech is now the energy sector’s No. 1 concern
If power systems fail, it’s lights out for the entire economy.MarketWatch - Business -
China's sweeping measures to prop up the property sector will need time to show results
China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said.CNBC - Business - China