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☆ Rapidly aging South Korea prepares to open door for foreign maids
▼ + stars: | 2023-09-01 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

A man and children wearing masks to protect against contracting the coronavirus disease (COVID-19) take a walk at a Han River Park in Seoul, South Korea April 4, 2020. The issue sits at the confluence of South Korea's sharply declining birthrate, aging population, and its historical reluctance to accept more immigrants. South Korea is in talks with the Philippines as one of the potential sources of workers with an aim to start the pilot programme as early as December, officials said. The new scheme is the latest in a series of efforts by the government to reverse the plunging birth rate of Asia's fourth-largest economy. "There is no one-size-fits-all solution to low birth rate," Oh said.

Persons: Heo, hoon, 1,322.1800, Soo, hyang Choi, Simon Cameron, Moore Organizations: REUTERS, Rights, Organisation for Economic Co, Development, OECD, Thomson Locations: Seoul, South Korea, Rights SEOUL, South, Philippines, Koreans

Seoul, South Korea CNN —It’s no secret young South Koreans are increasingly shunning marriage and parenthood – the country’s steeply falling birth rate is clear evidence of that. The fall reflects the growing pressures on young South Koreans, including economic concerns such as unaffordable housing and rising costs of living. While having a baby is very much expected of married couples in South Korea, much of society still frowns on single parents. IVF treatment is not offered to single women, official hospital figures show. Meanwhile, couples in non-traditional partnerships also face discrimination; South Korea does not recognize same-sex marriage and regulations make it difficult for unwed couples to adopt.

Persons: South Korea CNN —, it’s Organizations: South Korea CNN, Statistics Korea, CNN, Organisation for Economic Co, Development, Statistics Locations: Seoul, South Korea, Statistics Korea, Japan

Tokyo CNN —Police in Japan have implemented an unusual strategy in order to prevent drunk driving: encouraging people to consume alcohol and then letting them loose on a driving course. Instructors rode in each car during the initiative, which took place inside the driving school, a police spokesperson told CNN. “We hope that more drivers will realize how dangerous drunk driving is,” said the police spokesperson. Alcohol consumption in Japan waned during the pandemic, with restrictions hitting the business of bars and other places selling drinks. In a post on its website in 2021, it called excessive alcohol consumption a “major social problem” that persisted despite the recent slowdown in consumption.

Persons: ” Organizations: Tokyo CNN — Police, Chikushino Police Department, Chikushino Automobile, CNN, Organisation for Economic Co, Development, Ministry Locations: Japan, Fukuoka, Chikushino City

☆ 'Career choices' is the No. 1 conflict among divorced people: Work is an 'easy escape,' says therapist
▼ + stars: | 2023-08-19 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +3 min

Work can often become a welcome distraction for people who aren't ready to discuss the dysfunction in their partnership. "I think if someone is obsessed with their work and not home a lot, it has more to do with their relationship than their work," she says. 'I felt neglected'In a culture that prizes professional success, it can feel counterintuitive to tell your partner to work less. If you wanted to take no sick days and work 100 hours a week, you could. There is also the other side of the coin: a partner who isn't working enough or isn't pursuing a lucrative career.

Persons: Elizabeth Cohen, Cohen, it's Organizations: Forbes Advisor, Organisation for Economic Co Locations: United States, U.S

☆ Premarket stocks: Does it matter whether the Federal Reserve hikes or pauses rates in September?
▼ + stars: | 2023-08-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —After the Federal Reserve raised interest rates in July to the highest level in 22 years, Wall Street’s focus is on whether September will bring another rate hike. But does it really matter whether the Fed raises or pauses rates next month? Before the Bell: Does it matter whether the Fed raises rates in September by another quarter point or holds steady instead? And, that earnings can grow even in an environment where interest rates are back to levels that they have been in for the past couple of decades. Year-over-year comparisons should improve, but I think investors want to see that.

Persons: Bell, Ed Yardeni, they’ve, Moody’s, they’re, We’ve, Fitch, CNN’s Kathleen Magramo, Women Jan Tinetti, Tinetti, Read, CNN’s Olesya Dmitracova, Darren Morgan, ”, Jonathan Moyes Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Employers, Traders, Yardeni, Women, Labour, Organisation for Economic Co, Development, Gross, National Statistics, Wealth Locations: New York, New Zealand

"Deepening OPEC+ supply cuts have collided with improved macroeconomic sentiment and all-time high world oil demand," the Paris-based energy watchdog said in its monthly oil market report. The IEA said that in July, global oil supply plunged by 910,000 bpd in part due to a sharp reduction in Saudi output. But Russian oil exports held steady at around 7.3 million bpd in July, the IEA said. Next year, demand growth is forecast to slow sharply to 1 million bpd, the IEA said, citing lacklustre macroeconomic conditions, a post-pandemic recovery running out of steam and the burgeoning use of electric vehicles. The IEA's demand growth forecast is down by 150,000 bpd from last month and contrasts with that of OPEC, which on Thursday maintained its forecast that oil demand will rise by a much stronger 2.25 million bpd in 2024.

Persons: Alexander Manzyuk, Brent, Natalie Grover, Alex Lawler, Jason Neely, David Evans Organizations: REUTERS, International Energy Agency, IEA, of, Petroleum, for Economic Co, Development, OPEC, Thomson Locations: Republic of Tatarstan, Russia, OPEC, Paris, China, London

☆ New Zealand will require 900 firms to report gender pay gaps
▼ + stars: | 2023-08-10 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

Around 900 businesses with more than 250 employees will be asked to report their gender pay gaps in the proposed legislation, Tinetti said in a statement. The requirement will eventually be extended over four years to cover companies that employ more than 100 workers, encompassing around 2,700 firms, she added. Requiring companies to publish their gender pay gap will encourage them to address the drivers of those gaps and increase transparency for workers,” she said. New Zealand has made progress in its public service sector, with women holding more than half of top tier senior management roles and the gender pay gap has shrunk to a record-low of 7.7%. In the private sector, around 200 companies including Air New Zealand and Spark voluntarily report or plan to report their gender pay gap, according to Tinetti.

Persons: Women Jan Tinetti, Tinetti, Spark, Priyanca Radhakrishnan, “ We’ve, ” Radhakrishnan, Jacinda Ardern, Chris Hipkins Organizations: CNN, New, Women, Labour, Organisation for Economic Co, Development, Air New, Zealand, Workplace Relations, Party Locations: New Zealand, Air New Zealand, Australia, Canada, United Kingdom, Pacific

☆ Fake goods are everywhere online, experts say. Here's how to spot them.
▼ + stars: | 2023-08-10 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +7 min

New technology and the rise of online shopping has made it easier for scammers to sell fakes. These are the top tips to avoid buying a fake online. The rise of online shopping, particularly during the pandemic, fueled the market for counterfeit products. Here are six tips from experts on what to watch out for when you're shopping online:1. If you see any of these warning signs, the product very well could be fake," the IACC warns online.

Persons: Joe Simone, DK Lee, Jen Hanks, Lee, It's, Ben T, Smith IV, Kearney, Simone, Bob Barchiesi, Insider's Hillary Hoffower, Smith, it's Organizations: Service, Economic Co, Trade, eBay, Walmart, American Apparel & Footwear Association, Amazon, International Anticounterfeiting Coalition Locations: Wall, Silicon, Hong Kong

☆ Will AI be an economic blessing or curse? History offers clues
▼ + stars: | 2023-08-07 | by ( Mark John | ) www.reuters.com time to read: +6 min

Backers of AI predict a productivity leap that will generate wealth and improve living standards. The productivity gains it was once lauded for have slowed across many economies. In a globalised economy, there are other reasons to doubt whether the potential gains of AI will be felt evenly. That is just one of several factors that will help determine how AI shapes our economic lives - from antitrust policies that ensure healthy competition among AI suppliers through to re-training of workforces. "The question is: will AI exacerbate existing inequalities or could it actually help us get back to something much fairer?"

Persons: Richard Erkhov, Yiannis, Simon Johnson, Johnson, Daron Acemoglu, jenny, Natixis, Stefano Scarpetta, MIT's Johnson, Mary Towers, Eva Mathews, Mark John, Catherine Evans Organizations: REUTERS, MIT Sloan School of Management, McKinsey, Hollywood, Reuters, Labour, Social Affairs, Economic Cooperation, Development, UN, POWER, Britain's Trades Union, OECD, Thomson Locations: Pascal, Nicosia, Cyprus, U.S, American, Paris, Bengaluru

☆ Global food prices bounce following collapse of Black Sea grain deal
▼ + stars: | 2023-08-04 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Global food prices ticked up last month after Russia pulled out of a deal to allow the safe passage of ships carrying grain from Ukrainian ports. The United Nations’ Food and Agricultural Organization (FAO) said Friday that its global Food Price Index rose 1.3% in July compared with the month before — notching only the second increase in a year of steady declines since the grain deal was struck. “International sunflower oil prices rebounded by more than 15% month-on-month, primarily underpinned by renewed uncertainties surrounding the exportable supplies out of the Black Sea region,” the FAO said in a statement. The FAO’s global wheat price index — which feeds into its broader Food Price Index — jumped 1.6% in July from the month before, its first monthly increase in nine months. Russian attacks on Ukrainian port infrastructure since the grain deal’s collapse have also bumped up prices in recent weeks.

Persons: Vladimir Putin, —, ” Putin, Shashwat Organizations: London CNN — Global, United Nations, Food, Agricultural Organization, FAO, —, UN, Organisation for Economic Co, Development, Gro Intelligence, East, International Rescue Locations: Russia, Russian, Somalia, Eritrea, Ukraine, Asia, North America, East, East Africa

☆ India restricts laptop imports to boost local manufacturing
▼ + stars: | 2023-08-03 | by ( Rhea Mogul | ) edition.cnn.com time to read: +3 min

The ministry didn’t provide a reason for the change in rules, however Modi has aggressively pushed his “Make in India” campaign, which promotes local manufacturing in a bid to create more jobs. India’s electronic imports stood at $19.7 billion in the April to June period, up 6.25% from the same period in 2022, according to Reuters. Its large and young labor force makes the country a big draw for global companies seeking alternative manufacturing hubs to China. Earlier this year, India’s commerce minister, Piyush Goyal, said Apple was already making between 5% and 7% of its products in India. Foxconn, the world’s largest contract electronics maker and a key supplier to Apple, is also looking to expand its manufacturing operations in India.

Persons: Narendra Modi, Modi, Piyush Goyal, Apple, ” Organizations: CNN, Ministry of Commerce, Industry, Reuters, Apple, Samsung, Organisation for Economic Co, Micron, Vedanta Locations: India, China, Gujarat

STOCKHOLM/FRANKFURT, July 27 (Reuters) - Sweden has the financial muscle to intervene to stem any fire sale of property from companies rushing to sell out, the head of the country's debt agency told Reuters on Thursday. Karolina Ekholm, Director General at the Debt Office, said the government had a light debt load and could afford to borrow more to intervene to buoy the property sector should a threat emerge to wider financial stability. High debts, rising interest rates and a wilting economy has produced a toxic cocktail for Sweden's commercial property companies, with several cut to junk by rating agencies. The former central bank official pointed to the government's financial clout and that it could issue debt in either euros or U.S. dollars. "It would have to be something that threatens financial stability in Sweden and so far we haven't seen any of that."

Persons: Karolina Ekholm, Ekholm, Conor Humphries Organizations: Reuters, Organisation for Economic Cooperation, Development, AAA, Thomson Locations: STOCKHOLM, FRANKFURT, Sweden

☆ Apple faces $1 billion UK lawsuit by app developers over App Store fees
▼ + stars: | 2023-07-25 | by ( ) edition.cnn.com time to read: +1 min

More than 1,500 app developers in the United Kingdom brought a £785 million ($1 billion) class action lawsuit against Apple Tuesday over its App Store fees. Revenues at Apple (AAPL)’s services business, which includes the App Store, have grown rapidly in the last few years and now hover around $20 billion per quarter. However, the commissions of 15% to 30% that the company charges some app makers for using an in-app payment system have been criticized by app developers and targeted by antitrust regulators in several countries. Apple has previously said that 85% of developers on the App Store do not pay any commission and that it helps European developers access markets and customers in 175 countries around the world through the App Store. They harm app developers and also app buyers.”

Persons: Sean Ennis, “, ” Ennis, ” Organizations: Apple Tuesday, Apple, Competition, Centre for, University of East, Organisation for Economic Co, Geradin Partners Locations: United Kingdom, University of East Anglia

☆ Americans have gotten bigger raises than other rich countries over the last few years
▼ + stars: | 2023-07-18 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Real wages have grown on an annual basis over the last two months for the first time in 26 months. The US also leads the G7 countries in GDP growth and one measure of inflation. Real wages in the US were 5.8% higher in 2022 compared with 2019, followed by Canada at 4.7%. The other G7 countries were all in the negatives for this time period. Other European countries including Spain and Greece have also seen real wages fall, according to the OECD.

Persons: Darren Grant Organizations: Service, US, Organisation for Economic Co, OECD, Sam Houston State University, Federal, Consumers Locations: Wall, Silicon, Canada, Italy, Germany, Spain, Greece

REUTERS/Jorge SilvaBANGKOK/NEW DELHI, July 17 (Reuters) - Indian tourists are streaming into Southeast Asia, cementing the world most populous country's position as a key growth market for a travel and tourism sector that is feeling the pinch of China's slower-than-expected re-opening. "Southeast Asia is obviously very well positioned for a lot of the growth that is inevitably going to come from India," aviation analyst Brendan Sobie told an industry conference last month. Tanes Petsuwan, deputy governor of the Tourism Authority of Thailand said 1.6 million Indians were expected to visit the kingdom this year. Indians are helping to sustain a post-pandemic rebound for hospitality chains, including Minor Hotels, which has 45 properties in Southeast Asia with more than 6,000 rooms. Thailand's central bank expects 29 million visitors this year and 35.5 million in 2024.

Persons: Jorge Silva, Brendan Sobie, Tanes Petsuwan, Chai Eamsiri, Chai, Vinay Malhotra, IndiGo's, Sobie, Dillip, Pratyush Tripathy, That's, Somsong Sachaphimukh, Somsong, Pasit, Stefanno Sulaiman, Neil Jerome Morales, Robert Birsel Organizations: REUTERS, Jorge Silva BANGKOK, Thai Airways, Organisation for Economic Cooperation, Reuters, Asian Development Bank, Tourism Authority, IndiGo, Airbus, Minor, Bank of, Tourism Council of, Thomson Locations: India, Thailand, Patong, Phuket, DELHI, Asia, China, Thai, Singapore, Indonesia, Southeast Asia, Jakarta, Bangkok, Kolkata, Pattaya, Europe, United States, Thailand's, Bank of Thailand, Tourism Council of Thailand, BANGKOK, JAKARTA, MANILA

☆ How the Black Sea grain deal collapse could impact global food prices and hunger
▼ + stars: | 2023-07-17 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

London CNN —Wheat and corn prices on global commodities markets jumped Monday after Russia pulled out of a crucial deal allowing the export of grain from Ukraine. The collapse of the pact threatens to push up food prices for consumers worldwide and tip millions into hunger. The White House said the deal had been “critical” to bringing down food prices around the globe, which spiked after Russia invaded Ukraine in February last year. Food pricesThe global food price index complied by the UN’s Food and Agriculture Organization hit an all-time high in March 2022, but has fallen steadily since then. “A renewed rise in agricultural commodity prices would obviously push up retail food prices but perhaps not by as much as you think, particularly in developed economies,” she said.

Persons: “, ” Adam Hodge, —, Vladimir Putin, General Antonio Guterres, Shashwat, ” Saraf, Richer, Caroline Bain, ”, Rob Picheta, Hanna Ziady, Mick Krever, Anna Chernova, Priscilla Alvarez Organizations: London CNN —, US National Security Council, Chicago Board of Trade, United Nations, Organisation for Economic Co, Development, Gro Intelligence, Food Security Information Network, European Union, Rescue, East, Agriculture Organization, Capital Economics, CNN Locations: Russia, Ukraine, Turkey, Istanbul, Kyiv, Moscow, United States, Sevastopol, Russian, Crimea, East Africa, East, Africa

☆ Exclusive: India to push G20 to raise share of taxes on firms where they earn 'excess profit'
▼ + stars: | 2023-07-16 | by ( Shivangi Acharya Sarita Chaganti Singh Nikunj Ohri | Shivangi Acharya | Sarita Chaganti Singh | ) www.reuters.com time to read: +3 min

"India has made suggestions to get its due share of taxing rights on excess profits of multinational companies," one official said. The suggestions have been made to the OECD and will be discussed "extensively" during the G20 meeting on Monday and Tuesday, the official said. Under the agreement, global corporations with annual revenues over 20 billion euros ($22 billion) are considered to be making excess profits if the profits exceed 10% annual growth. The 25% surcharge on these excess profits is to be divided among countries. The G20 host nation will also propose that withholding taxation be de-linked from the excess profit tax principle.

Persons: Sarita Chaganti Singh, Shivangi Acharya, Nikunj, Aftab Ahmed, William Mallard Organizations: Organisation for Economic Cooperation, Development, OECD, People's, India's Consumer, Thomson Locations: DELHI, India, Australia, Japan, Gujarat, U.S, New Delhi

☆ Exclusive: India to push G20 to raise share of taxes on firms where they earn 'excess profit,' officials say
▼ + stars: | 2023-07-16 | by ( Shivangi Acharya Sarita Chaganti Singh Nikunj Ohri | Shivangi Acharya | Sarita Chaganti Singh | ) www.reuters.com time to read: +3 min

"India has made suggestions to get its due share of taxing rights on excess profits of multinational companies," one official said. The suggestions have been made to the OECD and will be discussed "extensively" during the G20 meeting on Monday and Tuesday, the official said. Under the agreement, global corporations with annual revenues over 20 billion euros ($22 billion) are considered to be making excess profits if the profits exceed 10% annual growth. The 25% surcharge on these excess profits is to be divided among countries. The rules now say countries offset their share of taxes with the withholding tax they collect.

Now it is at the epicentre of a property crash that threatens to engulf the Nordic state's economy. It has said it plans on selling roughly 6 billion Swedish crowns worth of assets this year. Speculators are betting that the stock price has further to fall. SBB shares are subject to more short-selling - a bet that the stock price will drop - than any other Swedish company, according to data from the financial regulator. "If, on the other hand, the SBB will be bought up, then the small shareholders will probably lose everything."

Persons: Maria De Geer, who've, Ilija Batljan, Batljan, Robert Bergqvist, SEB, Leiv Synnes, pare, De Geer, Pablo Mayo, Elaine Hardcastle Organizations: SBB, Swedish Shareholders Association, Organisation for Economic Cooperation, Development, Asset Management, SBB Treasury Oyj, Reuters, Thomson Locations: STOCKHOLM, FRANKFURT, Sweden, Swedish, Cerqueiro, London

NEW DELHI, July 13 (Reuters) - Global finance chiefs will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the international debt architecture and regulations on cryptocurrency, Indian officials said. The finance ministers and central bank governors from the Group of 20 (G20) nations will also discuss a multilateral agreement on taxing conglomerates with cross-border operations, while the Russian war in Ukraine was also bound to come up, they said. Senior treasury officials from Russia and China are also expected to attend, according to two Indian officials, who did not want to be named. The finance ministers and treasury heads will also attempt to bring agreement on the principles of managing cryptocurrencies in their respective geographies. Additional reporting by Maria Martinez and Leigh Thomas; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Ajay Banga, Kristalina Georgieva, Lawrence Summers, N.K, Singh, Ajay Seth, Maria Martinez, Leigh Thomas, Raju Gopalakrishnan Organizations: Global, Treasury, International Monetary Fund's, Economic, IMF, Organisation for Economic Co, Development, OECD, Thomson Locations: DELHI, India, Ukraine, Gandhinagar, Gujarat, New Delhi, U.S, Russia, China, Zambia, Ghana

☆ Countries agree to extend digital services tax freeze through 2024
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

PARIS, July 12 (Reuters) - With the exception of Canada, countries with digital services taxes have agreed to hold off applying them for at least another year as a global multinationals tax deal to replace them was pushed back, the OECD said on Wednesday. More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinationals that are widely considered to be outdated as digital giants like Apple or Amazon can book profits in low-tax countries. If at least 30 countries sign, then the freeze on national digital taxing rights will be extended through 2024 with an option to further extend through 2025 if needed, the OECD said. "Canada was not in agreement with the standstill," Corwin told journalists, citing the only country among the five holdouts with a digital services tax. But even once governments sign the treaty, ratification will be no easy task, especially in the United States where a two-thirds majority in the Senate is needed.

Persons: Corwin, Leigh Thomas, Mark Heinrich Our Organizations: Organisation for Economic Cooperation, Development, OECD, Thomson Locations: Canada, Paris, Belarus, Pakistan, Russia, Sri Lanka, United States

☆ Indian CEO of Dukaan replaced 90% of staff with an AI chatbot
▼ + stars: | 2023-07-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

The average time taken to resolve a customer’s issue also dropped by almost 98% when they interacted with the chatbot, he tweeted. Shah said the job cuts were “tough” but “necessary.”Shah told CNN Wednesday that the 23 layoffs were made in September. By introducing the technology, the company has cut the cost of its customer support function by about 85%, Shah said. Shah told CNN that he believed “in a future where AI and humans work together, each doing what they do best,” and that he was exploring opportunities to use AI in work involving graphic design, illustration and data science. AI fearsThe news of the layoffs comes as fears that AI will result in mass job losses have escalated eight months after Open AI released its AI-powered chatbot ChatGPT to the public.

Persons: Shah, ” Shah, “, Dukaan, ChatGPT Organizations: London CNN, Summit Shah, Twitter, CNN, Organisation for Economic Cooperation, Development, OECD Locations: Bangalore

☆ How AI’s astonishing productivity gains could help curb inflation
▼ + stars: | 2023-07-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

Experts say the technology will help address a steep and prolonged slowdown in productivity growth in many Western economies, which has kept businesses’ costs higher than they would otherwise be and made inflation harder to tame. “AI has huge potential to increase productivity,” BlackRock CEO Larry Fink said at the company’s Investor Day last month. Productivity gains in Europe could be similar, albeit slightly smaller, Brynjolfsson told CNN. In some cases, productivity gains could be achieved sooner. That’s because most generative AI tools live on the internet — “the technology we already have on our desks” — making them widely accessible, Brynjolfsson said.

Persons: chatbot, —, Smart, Hannes P Albert, Bill Gates, Larry Fink, Erik Brynjolfsson, ” David McMillan, ” McMillan, Hollie Adams, Neil Shearing, Martin Neil Baily, Anton Korinek, Brynjolfsson, Goldman Sachs, ” Organizations: London CNN, Microsoft, BlackRock, CNN, Stanford University, Organisation for Economic Cooperation, Development, OECD, University of Stirling, Bloomberg, Getty, “, National Statistics, IBM, Capital, Brookings Institute, University of Virginia’s Darden School of Business, America, Productivity, Google, SAP, Goldman Locations: East, Scotland, London, United Kingdom, United States, Europe, Wimbledon

☆ 27% of jobs at high risk from AI revolution, says OECD
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +2 min

PARIS, July 11 (Reuters) - More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said on Tuesday. There is little evidence the emergence of AI is having a significant impact on jobs so far, but that may be because the revolution is in its early stages, the OECD said. Jobs at highest risk were defined as those using more than 25 of the 100 skills and abilities that AI experts consider can be easily automated. The survey covered 5,300 workers in 2,000 firms spanning manufacturing and finance across seven OECD countries. Despite the anxiety over the advent of AI, two-thirds of workers already working with it said that automation had made their jobs less dangerous or tedious.

Persons: General Mathias Cormann, Leigh Thomas, Emma Rumney Organizations: Economic Co, Development, OECD, Reuters, Thomson Locations: Mexico, Estonia, Paris

☆ How to crack the climate free rider problem
▼ + stars: | 2023-07-10 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

For example, the United States, China and Europe are engaged in a green subsidy race that is driving down the cost of clean technology. Extending such a scheme to the members of a G7-led climate club is tricky. Without a big carrot and a big stick, though, the climate club will be a low-key affair. And if Biden wins re-election next year, the prospects of a more ambitious G7 climate club and cooperating with China would improve. Either – or both – would go a long way to solving the climate free rider problem.

Persons: Don’t, It’s, William Nordhaus, –, Isabel Hilton, Adair Turner, Joe Biden, Donald Trump, Biden, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, ”, Reuters Graphics Reuters, European Union, Bank, Trade, United, Economic Co, Development, U.S, Energy, Commission, White, Thomson Locations: United States, Canada, Beijing, China, Europe, India, Vietnam, Washington, Argentina, Indonesia, Republic

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