Brendan Ruberry
44 article(s) here · 1 carrying a prediction
🔮 China has helped keep oil prices in 2026 down by slashing its imports, but Beijing is “coming back off its crash diet,” an energy analyst said, raising fears that prices could surge if fighting between Saudi Arabia and Yemen’s Houthis continues to disrupt supply.
🔮 Still, strong retail and employment figures suggested the economy could withstand higher interest rates, and AI-fueled profits are set to drive growth across every sector of the S&P 500 in the third quarter, Bloomberg Intelligence said.
🔮 Canada’s retaliatory tariffs against $27.6 billion worth of US goods will kick in after midnight on Tuesday, as the prospects for averting a tit-for-tat trade war appeared dim.
🔮 The nationalist AfD’s landslide victory in a German state on Sunday could portend a far-right surge across Europe, analysts argued.
🔮 Malaysia is considering using Huawei chips to power its sovereign AI efforts, Bloomberg reported, in what would be the first known instance of a foreign government choosing Chinese accelerators over American ones.
🔮 “It’s a good bet that AI will eventually make some occupations obsolete,” but so far it’s “extremely hard” to identify any, the economist Noah Smith wrote, suggesting that like previous technological revolutions AI could add as many or even more jobs than it destroys.
🔮 Such pragmatism could clear a path for deals on trade and technology, though Morgan Stanley’s former chief economist tempered the optimism, arguing that major policy breakthroughs were unlikely given how past summits “generally produced little of great substance.”
🔮 Global AI infrastructure spending could exceed $31 trillion through 2050, PwC analysts projected, as firms forge ahead with a flurry of data center deals.
🔮 The first Chinese cargo ship traveling along the Northern Sea Route is set to dock in England this week, reflecting Beijing’s growing Arctic ambitions, though analysts cast doubt on the venture’s commercial feasibility.
🔮 Anthropic declined to submit its latest model for testing to a top British AI safety institute, sparking fears in the UK that reviews of frontier AI would become the sole province of Washington.
More on this subject from Brendan Ruberry
The Aporia
