AI could force 11 million US workers into new careers by 2035, says McKinsey report
Automation may eliminate demand for 36 million jobs, but AI and economic growth could create 41 million positions over the next decade, McKinsey noted...
Tag : economy
Bank of Japan raises interest rates to 31-year high, signals more hikes ahead
The BOJ raised its policy rate to 1.25% from 1% by a 7-2 vote, with dovish board members Toichiro Asada and Ayano Sato dissenting to the move...
China’s two-speed economy, record exports and a consumer who will not spend
Shipments are growing at 25% a year while retail sales barely move. Beijing now has a dedicated plan for the gap, but the fixes are slow...
China’s economic momentum picks up in June, finds Beige Book
In June 2026, China's manufacturing activity strengthened remarkedly, while consumer spending showed signs of recovery...
AI, semiconductors and defence: Japan eyes supercharged economy by 2041
The plan, detailed in documents released after a policy advisory panel meeting, earmarks 101.6 trillion yen for AI and chip-related spending alone...
What the Iran war is doing to everyday life in Britain
Both Iran and the United States tried to play hardball with the maritime chokepoint to get the better of each other at the negotiation table in Islamabad...
The Hormuz blockade is not just about the oil
Strait of Hormuz blockade disrupts global fertiliser flows and agricultural supply chains, raising risks of food shortages, apart from leaving long term impact on global food security...
Trouble for Ramaphosa administration as South Africa sees rising unemployment
About a third of South Africa’s labour force is without a job, and things may get worse as the economic outlook sours due to the Iran war...
Spain bucks Eurozone trend with solid 2.2% economic growth forecast for 2026
Driven by a resilient services sector and falling unemployment, Spain maintains a strong economic outlook even as neighbouring European nations face stagnation...
Banca d’Italia forecasts sluggish 0.5% economic growth for Italy amid energy crisis
Surging oil and gas prices, combined with geopolitical instability, threaten to stall Italy's economic recovery through 2027, prompting the central bank to urge productivity reforms...