U.S. Raises New Concerns Over Chinese Lending Practices
The U.S. is concerned about China's opaque emergency loans to debt-laden countries, emphasizing the need for transparency to assess their fiscal health.
Britain's Conservative government warned against tax cuts by IMF economist
The IMF's chief economist advises the UK government against further tax cuts due to sluggish economic growth and increasing demands for spending on healthcare and education.
The UK Treasury chief is expected to cut taxes to boost support for the Conservative Party in an election year, but the IMF warns that cutting taxes would be a mistake.
Jobs may disappear': Nearly 40% of global employment could be disrupted by AI, IMF says
Around 40% of jobs could be impacted by AI, deepening inequality.
Governments should establish social safety nets and offer retraining programs to counter the impact of AI.
AI looms large at Davos
AI was a major focus at the World Economic Forum's annual meeting in Davos, Switzerland.
The International Monetary Fund released a report stating that AI will impact 40% of the world's jobs, with college graduates and women being most affected.
Jobs may disappear': Nearly 40% of global employment could be disrupted by AI, IMF says
Around 40% of jobs could be impacted by AI, deepening inequality.
Governments should establish social safety nets and offer retraining programs to counter the impact of AI.
AI looms large at Davos
AI was a major focus at the World Economic Forum's annual meeting in Davos, Switzerland.
The International Monetary Fund released a report stating that AI will impact 40% of the world's jobs, with college graduates and women being most affected.