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.”
Economic news
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France: between the bond market and the barricades
The country is being hit by a pre-election debt sell-off. Many fear it could shake the Eurozone
Surge in borrowing costs hits corporate America
Sharp sell-off in US Treasury market starts to feed through to junk-rated companies
Britain has turned digital ID into a growth industry
Start-ups such as Yoti and Luciditi are meeting demand for age and identity verification as the government retreats
ICE launches trading in gold futures in London
Move is latest attempt to establish precious metals derivatives in the City
The bond sell-off comes for corporate America
Sharp sell-off in US Treasury market starts to feed through to junk-rated companies