“Once a government is committed to the principle of silencing the voice of opposition, it has only one way to go, and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in fear.”—Harry S. Truman
Google just admitted it considers the entire Internet, including everything users may post online or create using Google software, to be fair game for training its generative AI systems.
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend... which hit record highs during the COVID war when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
China’s factory activity continued weak in June, although less so than in April and May, government figures showed. Exports shrank in May at an annual rate of 7.5 percent.
Among employers who have forced employees to come back to a central office, 42 percent report losing more workers than they expected, according to a new survey from office consulting firm Unispace. Twenty-one percent said “key” staff members had quit.
HSBC, Europe’s largest bank, announced on 26 June it will leave its self-named Canary Wharf headquarters and move its 8,000 staff members to smaller digs in “The City,” the London district equivalent to New York’s Wall Street.
About 133 million people living in Nigeria—roughly 63 percent of the population—are “multidimensionally poor,” meaning they lack adequate food, sanitation, and health care, the country’s National Bureau of Statistics reported.
Japan’s troubled economy grew at an annual pace of 2.7 percent during this year’s first quarter, according to revised government figures. The initial estimate was 1.6 percent.
Jerome Powell, chair of the U.S. Federal Reserve, and Bank of England governor Andrew Bailey both signaled that they expect, and support, moves by their banks to continue raising interest rates.
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