FirstFT: Diesel prices slip after Trump announces ‘energy ceasefire’
Also in today’s newsletter: EU-China ‘understanding’ and bank results fears
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World Bank jobs council urges ‘crisis-era’ support measures as IMF warns of AI ‘tsunami’ hit
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.
Oil prices volatile after Trump claims ‘energy ceasefire’ in Ukraine war
Announcement follows diesel deal with Putin as US president tries to contain impact of higher fuel costs ahead of election
Wall Street’s great money spinner
Plus, JPMorgan’s European ambitions, a surge in US corporate borrowing costs, and painting the French Riviera