Finance

AI’s economic boost isn’t showing up in GDP, and Goldman says that’s a $115 billion blind spot

AI’s economic boost isn’t showing up in GDP, and Goldman says that’s a $115 billion blind spot

Servers and chips power the US’s AI boom but don’t contribute to GDP growth.Business Insider AI is transforming corporate America, but its growth is understated in government d...

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A $3 Billion Plan to Bring Water to Johannesburg Hits Opposition

A $3 Billion Plan to Bring Water to Johannesburg Hits Opposition

(Bloomberg) — A long-delayed 53 billion rand ($3.1 billion) project that South Africa’s commercial hub is banking on to end a growing water crisis has hit fresh opposition. Communities comp...

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Exclusive-Wheat for Chinese cars? Russia turns to barter to skirt sanctions

Exclusive-Wheat for Chinese cars? Russia turns to barter to skirt sanctions

MOSCOW (Reuters) – Old-fashioned barter is on the rise in Russia’s foreign trade for the first time since the 1990s, as companies seeking to outfox Western sanctions swap wheat for Chi...

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Swatch to hike prices in US after tariffs, CEO says

Swatch to hike prices in US after tariffs, CEO says

ZURICH (Reuters) -Swatch will hike its prices in the United States by between 5% and 15% after the 39% tariff President Donald Trump imposed on Switzerland last month, the Swiss watchmaker’...

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Klarna’s CEO says he uses vibe coding tools to save his engineers and product managers time

Klarna’s CEO says he uses vibe coding tools to save his engineers and product managers time

Klarna CEO Sebastian Siemiatkowski at Klarna’s UK Pop-up shopDavid M. Benett/Dave Benett/Getty Images Klarna’s CEO said he uses AI coding tools to build prototypes faster and sa...

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Gradual Yuan Advance May Offer Boost to Emerging Currencies

Gradual Yuan Advance May Offer Boost to Emerging Currencies

“China’s yuan is the key currency cross for most EMs; they trade more with China than they do with the US.” (Bloomberg) — China’s new-found tolerance for steady yuan appreciation loo...

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