Inflation will be higher and growth lower, predicts the Organization for Economic Cooperation and Development, OECD, in a recent report on the outlook for the rest of the year and 2027. “Further monetary policy adjustments may be needed if price pressures show signs of broadening or if growth prospects weaken significantly,” the organization writes.
BusinessThe AI arms race is in full swing, while concerns grow that the rapid pace of technological development poses a global threat. Now the leaders of the AI rivals, the US and China, are meeting.
World politicsThere are mixed numbers on the leading indexes in Asia during the opening trading session on Wednesday.
BusinessSarah Sjöström is withdrawing from the Short Course World Championships in China, reports Radiosporten. According to her coach Antonio Lutula, the 33-year-old swimming star wants to focus on training and recovery.
SportsSix-year-old Lian Yunzhi has broken the women's world record by solving a Rubik's Cube in just over 4 seconds.
WorldThe central bank and local investors in China have imported more than 1,000 tonnes of gold worth nearly $160 billion so far this year, the Financial Times reports.
BusinessDonald Trump, Volodymyr Zelensky and Masoud Pezeshkian. World leaders are flocking to New York for the UN's annual high-level week. Secretary-General António Guterres opened by taking aim at international oil companies.
WorldSeveral major Asian stock markets continued to climb on Tuesday. At the same time, oil prices are rising.
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