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An ECB official warned that climate change and ecosystem collapse pose growing threats to financial stability, as the central bank intensifies monitoring of nature-related risks to European banks.
Rising demand for whey protein from fitness trends and weight-loss medications could drive up infant formula prices, with costs already increasing 4.8% annually, experts warn.
AI tokens, the standard units measuring AI usage, could become as fundamental to the AI economy as kilowatt-hours are to electricity. Economists are using token data to track AI adoption and its market impact.
The Federal Reserve maintained interest rates steady in a divided 9-3 vote, with three members dissenting in favor of a rate increase amid persistent inflation concerns and pressure from the White House.
The Bank of England held interest rates at 3.75% but signaled readiness to raise them if the Iran conflict escalates and oil prices remain elevated.
US GDP grew 1.5% in the second quarter, falling short of expectations as rising imports pressured growth. Consumer spending remained positive, but inflation stayed above the Federal Reserve’s 2% target.
