Author: staff
2) Keep your team around you when it gets tough Look, just don’t do what I did here. After unveiling a debt-funded, tax-cutting mini-budget combined with huge government energy subsidies which hadn’t been scrutinized by the U.K.’s official public spending watchdog, the tofu-eating wokerati in the markets got the jitters (more on why it wasn’t my fault later). Like a fool, I threw my top finance minister overboard. Oh, Kwasi Kwarteng — how I loved your challenge to the market orthodoxy. So much so that I sacked you brutally after hauling you back from a trip to Washington D.C. No…
Les universitaires peuvent être aussi influents que les “tech bros” pour inciter les dirigeants politiques à investir dans l’intelligence artificielle, mais aussi à définir des garde-fous. Feb 10 14 mins read
The German stock market has been badly shaken as fears of a recession continue to mount. The German DAX opened with nearly a 10% loss on Monday morning before recovering 3% a few hours later.27 EU trade Ministers met in Luxembourg on Monday to discuss the response. EU Commission President Ursula Von der Leyen said the EU is ready for a “good deal” and underlined Europe’s readiness to negotiate with the US.Deutsche Bank said in a strategy update seen by Euronews that, “the damage is undeniable, the degree of damage still unclear.” It said it is difficult to assess the…
Clarifying, EU Trade Commissioner Maroš Šefčovič said separately that the zero-for-zero deal could cover cars and all other industrial goods, such as chemicals, pharmaceuticals, rubber and plastic machinery. Von der Leyen also did not rule out retaliation: “We are also prepared to respond through countermeasures and defend our interests,” she said. The EU’s 27 trade ministers met in Luxembourg earlier on Monday to discuss the U.S. measures and the Commission’s response. Still expected this week is the EU’s retaliation against Trump’s 25 percent tariffs on steel and aluminum that have been in place since last month. Šefčovič, speaking to reporters after…
As Ramadan ended and Eid celebrations kicked off in Egypt’s capital at the end of March, a group of Yemenis gathered on a Nile felucca — a wooden sailing boat typically encountered across the Mediterranean — for revelry and respite from their troubles. They are just a fraction of the estimated 600,000 Yemeni citizens now resident in Cairo. Before war in their home country broke out in March 2015, that number stood at just 70,000. In the corner of the boat sat businessmen Tawfiq and Basim, chatting over mint tea, reflecting on what life must be like for those still…
Artificial intelligence (AI) may impact 40 per cent of jobs worldwide, which could mean overall productivity growth but many could use their jobs, a new report from the United Nations Department of Trade and Development (UNCTAD) has found. Thereport, which was published on Monday, says that AI could impact jobs in four main ways: either by replacing or complementing human work, deepening automation, and possibly creating new jobs, such as in AI research or development. A handful of companies that control the world’s advancement in AI “often favour capital over labour,” the report continues, which means there is a risk that AI…
The German economy’s strength lies in exporting goods such as machinery, chemicals and vehicles, and the United States is a key market. German exports have already become less competitive in recent years due to higher energy prices and other factors, and the 20 percent tariff implemented by the Trump administration is further unwelcome news for industry. The market shock added new urgency to coalition negotiations between Merz’s center-right Christian Democrats (CDU) and the center-left Social Democrats (SPD), following national elections on Feb. 23. The CDU came out ahead in the vote but failed to win a majority, forcing Merz into…
Canada is ‘leading the charge’ against Trump’s trade war with $60 billion worth of counter tariffs on American goods, and is urging Europe to retaliate too, Canadian Foreign Minister Mélanie Joly told Euronews in an exclusive interview.Joly wants the rest of the world to retaliate against Trump’s tariffs, and said the American people also need to speak up as their jobs are also on the line.Although Canada was omitted from Trump’s announcement of tariffs against over 180 countries last Wednesday, it was one of the first countries in the firing line weeks previously when the White House announced crushing taxes…
Aerosol pollution generated by humans cools the climate more than previously thought, new research has found. The effect of fine particles on cloud properties may be masking the true extent of global warming, according to the study led by the University of Eastern Finland and the Finnish Meteorological Institute. The authors say the findings will help improve the ability of scientific models to predict the future impact of climate change and global warming induced by greenhouse gas emissions. Aerosols have ‘partly counteracted greenhouse gas warming’Aerosols are tiny floating particles in the air which are often not or barely visible to…
If you are looking for a top-drawer travel experience for 2026 – and you have around €130,000 to spare – this epic rail journey awaits. The trip is billed as a flight-free round-the-world odyssey using only trains and cruises. Over 100 days, passengers will visit dozens of UNESCO World Heritage sites, partake in one-of-a-kind cultural experiences and feast in Michelin-starred restaurants. With only 12 spots available, travellers wanting a place on this rail adventure need to be quick. Travel the world with trains and sea voyagesThe world tour, offered by luxury operator Adventures By Train, departs from London St Pancras…