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Lords call for AI 'kill switch' powers in UK

A group of peers is calling for the British government to be able to deactivate powerful AI systems and switch off the country's data centres in the event of the tech posing a threat to national security.

The Ternus Era Begins at Apple

In late July, current and former Apple product developers gathered for a reunion at the company’s Cupertino, Calif., headquarters. As evening fell and guests sipped drinks and ate hors d’oeuvres, John Ternus slipped int…

Why is SoftBank Group stock sliding today?

The Tokyo stock market on the 24th saw active stock-picking driven by earnings announcements and forecast revisions. In the semiconductor sector, a stark contrast emerged as Disco (6146.T) plunged while KOA (6999.T) sur…

South Korea CPI grows slightly less than expected in August

China’s consumer price index inflation moderated to 1.0% year-on-year amid typical post-Lunar New Year seasonality, but producer prices returned to positive levels for the first time since 2022. Energy-related subcompon…

Fed Hike Odds Make a Full Round Trip

A Fed emergency meeting is the one macro event nobody can put on a calendar, which is exactly why Kalshi lists a contract on it. That contract is offered at 13.1 cents tonight against an 8.1-cent bid, and read alone it …

US Manufacturing Remains Robust, but Jobs Market Stays Subdued

As anticipated in our last global economic outlook, elections around the world have driven notable policy changes that altered the trajectories of inflation, borrowing costs, currency values, and trade and capital flows…

France targets Shein and Temu with fast fashion fees

France has started imposing fees on fast fashion items which could reach almost €20 per garment by 2030, as the government tries to curb sales of cheap clothing sold by e-commerce sites.