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Nobel economist warns of AI dangers
A winner of this year’s Nobel prize in economics warned Monday that artificial intelligence offers "amazing possibilities" but should be regulated because of its job-destroying potential. And it also obviously has an amazing potential for destroying other jobs or replacing highly skilled labor.
Europe cannot let US, China be 'technological leaders': Nobel laureate Aghion
One of the winners of this year's Nobel economics prize, France's Philippe Aghion, on Monday warned Europe that it must not let the United States and China dominate technological innovation.
IMF meetings to begin under fresh cloud of US-China trade tensions
The IMF and World Bank's semi-annual gathering of finance ministers and central bank governors gets underway in Washington on Monday, against the backdrop of new trade threats from the world's two largest economies. The annual meetings in Washington will take place at the IMF and World Bank's headquarters, situated just a stone's throw from the White House.
China trade beats forecasts in September as tariff fears rise
China's trade grew faster than expected last month, official data showed Monday, though fresh fears are rising of a major escalation in the tariff war between Beijing and Washington. Chinese goods currently face US tariffs of 30 percent under levies that Trump imposed while accusing Beijing of aiding in the fentanyl trade as well as unfair trade practices.
AI or inequality tipped for economics Nobel
The Nobel economics prize wraps up the 2025 season when it is announced on Monday, as experts say this year's prize could honour research on artificial intelligence or inequality. - Inequality - The 2025 edition could honour economists working on wealth inequalities, such as French-American Emmanuel Saez or France's Thomas Piketty, according to researchers at the University of Gothenburg.
Asian equity markets drop after Trump reignites tariff row
Asian markets sank Monday after US President Donald Trump reignited his trade war with China by threatening last week to impose 100 percent tariffs on goods from the country.
Massive UK dieselgate lawsuit reaches court
A trial involving five major carmakers opens at London's High Court Monday, marking the latest chapter of the dieselgate emissions scandal that has rocked the auto industry for a decade. The trial beginning Monday must first determine whether carmakers are liable, before a separate compensation phase can follow next year.
In bid to save shipyards, US set to charge fees on Chinese ships
An escalating trade war between China and the United States faces another flashpoint Tuesday when Chinese ships will be required to start paying a special fee to dock at US ports. As of Tuesday, the Chinese government announced, all ships manufactured in the United States or linked to an American company would have to pay "special" duties to dock at ports in China.
US soybean farmers battered by trade row with China
The US soybean harvest is underway and in rural Maryland, farmer Travis Hutchison cracks open a pod to show how a field is nearly dry enough for reaping. Time is limited, as China's soybean purchasing window from the United States usually runs from October through January, said farmer David Burrier, based in Union Bridge, Maryland.
AFP
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