Jeronimo Gonzalez
23 article(s) here · 1 carrying a prediction
🔮 Rising anti-immigrant sentiment has upended politics in Sweden, once one of the most welcoming countries to asylum seekers, as it has across Europe’s biggest economies: Marine Le Pen, the favorite to become France’s next president, said French people would have “more rights” than foreigners were she to win next year’s election, Le Monde reported.
🔮 Though frontier labs say they would welcome restrictions, including OpenAI’s chief saying he would consider slowing development, policymakers disagree over how to regulate it, especially given the US and China are racing for AI supremacy.
🔮 Traders are betting inflation rates will remain higher for longer, roiling global politics.
🔮 Beyond broad rejection of the war in the Middle East, voters have soured on the Trump administration over its handling of the economy, which could face yet more pressure if the “Trump dividend” were to be approved: 10-year borrowing costs reached an almost three-year high on Wednesday.
🔮 Analysts fear that a protracted conflict in the Middle East could pile more pressure on China, the world’s biggest oil importer, adding to the squeeze on households at a time when youth unemployment is at almost 18%.
🔮 US President Donald Trump said the Iran war would end “immediately” after November’s midterm election, contradicting the analysis of experts and even some of his closest advisors.
🔮 The European Central Bank is widely expected to raise interest rates, with the Iran war still pushing prices up.
🔮 The global diesel refining crunch could lead to high prices and tight supplies for months, roiling industry, analysts warned.
🔮 The US Treasury secretary warned that “nothing else would matter” if China were to win the AI race, highlighting Washington’s angst that Beijing may be catching up in the global competition for technological supremacy.
🔮 China will inject $45 billion into its largest banks and insurers, its biggest recapitalization push in decades as Beijing looks to boost the country’s faltering economy.
Also by Jeronimo Gonzalez
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