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26/09/2023

The labour market has so far remained resilient despite the slowing economy but shows signs of losing momentum

25/09/2023

The contribution of unit profits to annual inflation in the first half of 2023 has moderated relative to its contribution in 2022, suggesting that the rising wage pressures are starting to be absorbed by firms," Lane said in a speech in New York.

The ECB raised its deposit rate to a record high 4% last week to combat excessive inflation but an exceptionally tight l...
24/09/2023

The ECB raised its deposit rate to a record high 4% last week to combat excessive inflation but an exceptionally tight labour market has kept upward pressure on wages, raising the upside risk on consumer prices.

Euro zone companies are finally absorbing wage pressures and the labour market has started to soften, European Central B...
24/09/2023

Euro zone companies are finally absorbing wage pressures and the labour market has started to soften, European Central Bank chief economist Philip Lane said on Thursday, suggesting inflation pressures from employee pay rises are finally subsiding.

The report surveyed 25 cities and found that rising interest rates and global inflation over the past two years have led...
23/09/2023

The report surveyed 25 cities and found that rising interest rates and global inflation over the past two years have led to a sharp decline in real estate market imbalances. Inflation-adjusted international home prices experienced their sharpest decrease since the 2008 global financial crisis, attributed to the end of cheap financing in the real estate sector.

The global risk of housing bubbles has significantly decreased in 2023, with only Zurich and Tokyo remaining in the bubb...
23/09/2023

The global risk of housing bubbles has significantly decreased in 2023, with only Zurich and Tokyo remaining in the bubble risk category, according to the UBS Global Real Estate Bubble Index 2023 report released on Wednesday. This marks a notable reduction from the previous year when nine cities were classified in this category.

The report, released Wednesday, surveyed 25 cities and found that rising interest rates and global inflation over the pa...
22/09/2023

The report, released Wednesday, surveyed 25 cities and found that rising interest rates and global inflation over the past two years have led to a sharp decline in real estate market imbalances. The end of cheap financing in the real estate sector has resulted in inflation-adjusted international home prices experiencing their sharpest decrease since the 2008 global financial crisis.

The global risk of housing bubbles has significantly decreased in 2023, with only two cities, Zurich and Tokyo, remainin...
22/09/2023

The global risk of housing bubbles has significantly decreased in 2023, with only two cities, Zurich and Tokyo, remaining in the housing bubble risk category, according to the UBS Global Real Estate Bubble Index 2023 report. This is a marked reduction from nine cities that were classified as such in the previous year

OpenAI and other AI defendants have said their use of training data scraped from the internet qualifies as fair use unde...
21/09/2023

OpenAI and other AI defendants have said their use of training data scraped from the internet qualifies as fair use under U.S. copyright law.

An OpenAI spokesperson said on Wednesday that the company respects authors' rights and is "having productive conversations with many creators around the world, including the Authors Guild."

A trade group for U.S. authors has sued OpenAI in Manhattan federal court on behalf of prominent writers including John ...
21/09/2023

A trade group for U.S. authors has sued OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan Franzen, George Saunders, Jodi Picoult and "Game of Thrones" novelist George R.R. Martin, accusing the company of unlawfully training its popular artificial-intelligence based chatbot ChatGPT on their work

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