What if an AI bubble bursts — and that accelerates AI job losses?
An economic analysis explores concerns that an AI bubble burst could trigger a recession that accelerates automation and worker displacement, creating dual economic harm.
Inflation and government borrowing highest for a year ahead of next week’s Budget
UK inflation accelerated to 3.5% in September, the highest in a year, while government borrowing jumped to nearly £25bn, pressuring Chancellor Healey ahead of next week’s Budget.
Some of Europe’s highest energy costs expected in Britain this winter
Great Britain faces some of Europe’s highest energy costs this winter as it increases reliance on gas and electricity imports to meet demand amid elevated market prices.
Why Meta is charging to post more hyperlinks
Meta now charges Facebook page operators up to $499 monthly to post unlimited hyperlinks, limiting free users to two per month as social platforms work to retain user attention and engagement.
American Express is cutting 5% of its workforce to ‘prepare for AI’
American Express is eliminating 5% of its global workforce and taking a $336 million restructuring charge to streamline operations and prepare for AI integration across internal processes.
UK government to make unprecedented intervention in setting of water bills
The UK government plans unprecedented intervention in water bill-setting, directing companies to reduce costs and address leaks and sewage issues ahead of the next price review process.