Tag: Breaking News: Asia
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World Bank jobs council urges ‘crisis-era’ employment support measures as IMF warns of AI ‘tsunami’
IMF Chief Kristalina Georgieva warned AI is hitting the global labor market like a “slow-moving tsunami,” with young workers entering the job market the most exposed.
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Why China is importing a record amount of gold — and what it means for prices
Beijing’s push to diversify away from the dollar and Chinese households’ search for a safe place to put their savings has fueled China’s record gold buying.
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U.S. East Asian envoy says investors are overpricing Taiwan risk
Investors are overestimating the risk of conflict across the Taiwan Strait, a U.S. diplomat says, playing up deterrence to keep Beijing from taking the island.
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Why AI is both the hope and the hazard for world leaders, according to IMF chief Georgieva
Kristalina Georgieva warns that the technology lifting growth hopes is also pushing up inflation and yields, just as public debt levels rose.
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DeepSeek considers doubling latest funding round to up to $15 billion, sources say
China’s DeepSeek weighs upsizing funding round to up to $14.9 billion, sources tell CNBC, and the final amount could still change in final talks.
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Trump allows cheaper, dyed diesel on highways to blunt historic fuel-cost spike ahead of midterms
The U.S. national average price of diesel topped $6 a gallon in September for the first time ever, as fuel supply disruptions pushed up transportation costs in the country.
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World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been “weak or negative.”
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In photos: China’s Xi hardens Taiwan warning as country celebrates week-long National Day holiday
China began its seven-day National Day holiday on Thursday after President Xi Jinping used his annual speech to sharpen Beijing’s message on Taiwan.
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China factory activity snaps 2-month contractionary streak in September
China’s factory activity returned to growth in September as a deepening economic malaise prompts policymakers to ramp up stimulus steps and bolster growth.
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