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AI may boost global trade value by nearly 40%: WTO
Artificial intelligence could boost the value of global trade by almost 40 percent by 2040 thanks to cost reductions and productivity gains, the World Trade Organization said Wednesday. "AI holds major promise to boost trade by lowering trade costs and reshaping the production of goods and services," WTO chief Ngozi Okonjo-Iweala said while presenting the report.
Germany's Merz vows 'autumn of reforms' in turbulent times
Germany will need sweeping change to remain free and prosperous, Chancellor Friedrich Merz warned Wednesday, calling on the country to unite in the face of Russian aggression, economic woes and rising extremism. Public concern about immigration has meanwhile fuelled the rise of the far-right Alternative for Germany (AfD), stoked by a series of attacks carried out by migrants.
EU says India's Russian oil purchases, military drills hinder closer ties
India's participation in military exercises with Moscow and its purchases of Russian oil "stand in the way of closer ties" with the EU, the bloc's top diplomat Kaja Kallas said on Wednesday. "Participating in military exercises, purchases of oil -- all these are obstacles to our cooperation when it comes to deepening the ties," Kallas said.
Top music body says AI firms guilty of 'wilful' copyright theft
Top music body says AI firms guilty of 'wilful' copyright theft
Ben & Jerry's co-founder quits, says independence 'gone'
The co-founder of Ben & Jerry's has resigned from the ice cream brand after saying his company know for its social activism has lost "the independence to pursue our values" under the ownership of British giant Unilever.
Nestle share price slips as chairman follows CEO out the door
Nestle shares slipped on Wednesday after the Swiss food giant announced the earlier-than-expected departure of its chairman, just weeks after the sudden ouster of its chief executive over an office relationship.
UK inflation stable ahead of central bank rate call
British inflation was unchanged in August, official data showed Wednesday, fuelling expectations that the Bank of England will not cut interest rates again at its meeting this week. The BoE trimmed borrowing costs in August to four percent, its lowest level in 2.5 years, but is widely expected to maintain its key interest rate on Thursday and for the remainder of 2025.
Lower shipments to US, China weigh on Singapore August exports
Singapore's exports slid again in August according to official figures out Wednesday, as shipments to its biggest markets -- the US and China -- keep dropping. Singapore's non-oil domestic exports shrank by 11.3 percent August 2025, faster than the revised 4.7 percent fall in July 2025, the government's Enterprise Singapore body said.
India's gaming fans eye illegal sites after gambling ban
India's ban on online gambling has shuttered a billion-dollar industry serving hundreds of millions of people and torpedoed the sponsorship of the national cricket team. India's parliament last month passed a sweeping law banning online gambling after government figures showed companies had stripped $2.3 billion annually from 450 million people.
AFP
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