In the US, the birth rate for 15- to 19-year-olds dropped 7% last year. But what seems like good news for society has been lamented by some leading Maga figures Teenagers these days, eh? Instead of having unprotected sex and popping out babies, they’re wasting their time on TikTok, or ...
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US Treasury secretary says short-term economic pain worth long-term securityUS Treasury secretary says short-term economic pain worth long-term security
US Treasury Secretary said a “small bit of economic pain” was worth it to eliminate the threat of Iranian strikes on Western capitals. ...
Energy CEOs are changing their risk calculusEnergy CEOs are changing their risk calculus
Tim’s view Leading CEOs and officials spent the opening day of Semafor World Economy grappling with how to hardwire more resilience into the global energy system at a moment of unprecedented risk. There are a lot of chokepoints in the energy market these days, from trade routes under threat of ...
Dubai domestic spending nearly recovered to prewar levels, economic chief saysDubai domestic spending nearly recovered to prewar levels, economic chief says
The News The majority of people have remained in Dubai despite heavy bombardment from Iran amid the ongoing US-Israel war, and domestic spending has nearly recovered, according to the CEO of the Dubai Economic Development Corporation. While an unsurprising statement from the man charged with attracting investment to the UAE’s ...
World Bank takes on energy inflation at spring meetingsWorld Bank takes on energy inflation at spring meetings
The economic fallout from the energy crisis unleashed by the war in Iran and questions of how to bolster energy security are dominating discussions at the World Bank and IMF spring meetings in Washington this week. For low-income countries in sub-Saharan Africa and South Asia, higher import bills for fuel, ...
US-EU relations will remain strong despite Iran war, Greek finance chief saysUS-EU relations will remain strong despite Iran war, Greek finance chief says
The News The US failure to consult European allies on its decision to attack Iran won’t break the strong bonds between the longtime partners, Greek Finance Minister Kyriakos Pierrakakis said at Semafor World Economy in Washington, DC, on Tuesday. “There can be turbulence in that relationship, there are disagreements in ...
Prolonged Iran war reduces chance of rate cut, Chicago Fed president saysProlonged Iran war reduces chance of rate cut, Chicago Fed president says
The News A prolonged conflict in the Middle East would reduce the chances of a US interest rate cut this year, Austan Goolsbee, president of the Chicago Fed, told Semafor World Economy on Tuesday. Goolsbee said he was concerned that the potential inflationary impact of the energy-price shock caused by ...
The Guardian view on three years of war in Sudan: a vast humanitarian crisis persists because the fighting does | EditorialThe Guardian view on three years of war in Sudan: a vast humanitarian crisis persists because the fighting does | Editorial
A devastating ‘war of atrocities’ will continue as long as the United Arab Emirates and others back the belligerents “Bloody unacceptable.” The UN’s top official in Sudan, Denise Brown, abandoned the language of diplomacy in addressing the failure to tackle a devastating three-year conflict which has been overshadowed by Ukraine, ...
Google, Microsoft, Meta All Tracking You Even When You Opt Out, According to an Independent AuditGoogle, Microsoft, Meta All Tracking You Even When You Opt Out, According to an Independent Audit
An independent privacy audit of Microsoft, Meta, and Google web traffic in California found that the companies may be violating state regulations and racking up billions in fines. According to the audit from privacy search engine webXray, 55 percent of the sites it checked set ad cookies in a user’s ...
Airbnb Hosts Don’t Want to Talk to Guests Anymore, Are Outsourcing Messages to AIAirbnb Hosts Don’t Want to Talk to Guests Anymore, Are Outsourcing Messages to AI
An industry of tech companies is now selling AI-powered chatbot services to Airbnb hosts which reply to guests on their behalf. 404 Media started looking into the companies after one Airbnb host used AI to communicate with their guests, and when the guests seemingly realized, they tricked the chatbot into ...