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IMF says AI investment keeps global growth around 3% but brings massive disruption

IMF says AI investment keeps global growth around 3% but brings massive disruption

By Andrea Shalal and Rae Wee BANGKOK, Oct 12 (Reuters) - Strong investment in AI infrastructure is keeping global growth at around 3% with major benefits for Asia, but also foreshadows a "slow-moving tsunami" that could massively disrupt labor markets, taxation and education, International Monetary
ReutersReuters
IMF says AI investment keeps global growth around 3%, with major Asia benefits

IMF says AI investment keeps global growth around 3%, with major Asia benefits

By Andrea Shalal and Rae Wee BANGKOK, Oct 12 (Reuters) - Strong investment in AI infrastructure is keeping global growth at around 3%, yielding major benefits for many Asian economies that supply the hardware, such as Thailand, International Monetary Fund Managing Director Kristalina Georgieva said
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Elets World Education Summit 2026 to Convene Global Education Leaders in New Delhi

Elets World Education Summit 2026 to Convene Global Education Leaders in New Delhi

The 36th Elets World Education Summit (WES) 2026 is scheduled to take place on October 12-13, 2026, in New Delhi, India. This invite-only, closed-door summit will gather policymakers, university leaders, school heads, and industry innovators to discuss the future of education. Organized by Elets Technomedia, with Digital Learning Magazine as its Knowledge Partner, the event will focus on "Building a Future-Ready Global Education Ecosystem." The summit aims to address how education can adapt to changes driven by artificial intelligence, evolving employer demands, and new international partnerships. It will feature dedicated tracks for Higher Education and School Education, along with exclusive roundtable discussions, to foster dialogue and collaboration between policy perspectives, institutional experiences, and industry expertise. Key questions guiding the conversations will include preparing graduates for an AI-driven workforce, the value of international collaboration for students, and balancing innovati...
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Nestlé CEO Philipp Navratil Emphasizes Broader AI Understanding Beyond Prompt Engineering for Employees

Nestlé CEO Philipp Navratil Emphasizes Broader AI Understanding Beyond Prompt Engineering for Employees

Nestlé CEO Philipp Navratil Emphasizes Broader AI Understanding Beyond Prompt Engineering for Employees
TheStreetTheStreet
Jeff Bezos makes surprising prediction for workers as Amazon cuts jobs

Jeff Bezos makes surprising prediction for workers as Amazon cuts jobs

The bigger question is who actually gets the gains.
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General Motors CEO Mary Barra Advocates for Skilled Trades as AI-Resistant Careers

General Motors CEO Mary Barra Advocates for Skilled Trades as AI-Resistant Careers

General Motors CEO Mary Barra Advocates for Skilled Trades as AI-Resistant Careers
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NDB President Dilma Rousseff Highlights Investments in Brazil and Global South's Role in Multipolar World

NDB President Dilma Rousseff Highlights Investments in Brazil and Global South's Role in Multipolar World

New Development Bank (NDB) President Dilma Rousseff discussed the bank's investments in Brazil, technological advancements, and the increasing influence of the Global South in shaping a multipolar world. During an interview, Rousseff stated that approximately 23.95 billion Brazilian reais in financing operations for Brazil have been approved since she assumed leadership of the Shanghai-based institution in March 2023. These investments are directed towards sustainable infrastructure, sanitation, urban mobility, energy transition, and climate-related initiatives, including support for Brazil's National Bank for Economic and Social Development (BNDES). Rousseff also detailed plans for a Smart Hospital within Brazil's public health system, which will integrate artificial intelligence, surgical robotics, and other advanced technologies, in collaboration with Brazil's Health Ministry and international partners like India's Narayana Health. She emphasized the NDB's demand-driven approach, respecting national sov...
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Morning Bid: Bonds, bombs and barricades

Morning Bid: Bonds, bombs and barricades

By Anna Szymanski Oct 9 (Reuters) - Could bond market pain be contagious? Volatile oil prices, rising political risk in Europe, more Middle East fighting, and news of another round of mammoth AI corporate borrowing kept tensions in the sovereign debt market as taut as ever this week.
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Pearson VUE Seeks Customer Service Operations Support Administrator in Noida, India

Pearson VUE Seeks Customer Service Operations Support Administrator in Noida, India

Pearson VUE Seeks Customer Service Operations Support Administrator in Noida, India
ReutersReuters
World economic growth to slow to 2.6% in 2026, UN trade body says

World economic growth to slow to 2.6% in 2026, UN trade body says

Oct 9 (Reuters) - Global economic growth will likely slow to 2.6% in 2026, down from 2.9% last year, as the energy shock from the crisis in the Middle East is putting the global economy to the test, the United Nations agency for trade and development said on Friday.
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USTR Convenes 14 Economies to Address Global Manufacturing Overcapacity and Non-Market Practices

USTR Convenes 14 Economies to Address Global Manufacturing Overcapacity and Non-Market Practices

USTR Convenes 14 Economies to Address Global Manufacturing Overcapacity and Non-Market Practices
AP NewsAP News
World shares are mostly higher and crude prices fall after an unsettled day on Wall St

World shares are mostly higher and crude prices fall after an unsettled day on Wall St

Shares are mostly higher in Europe and Asia, while oil prices have fallen back from recent gains