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Profit, the glory of achieving scientific “firsts,” and perhaps most dangerous of all, a transhumanist ideology which divorces “progress” from natural human betterment or even continuance, continually show themselves as primary drivers in the field. For evidence of that, see the many links in “TECHNOCRACY BRIEFS: FRIENDLY ROBOTS TAKING YOUR JOB, AND GENTECH SELECTING...
The Biden administration announced last week that it will provide Ukraine with another $425 million in military assistance that will include “additional capabilities to meet its most urgent needs.”
In March, April, and May, 120 junk-bond issues worth a total of $136 billion saw their credit ratings downgraded, more than at any time since 2020 during the heat of the COVID War, JPMorgan reported.
Private equity firm Tiger Global has sold its 4 percent of Flipkart, the Indian e-commerce company, to Walmart for $1.4 billion, Tiger told investors last week in a letter.
A tech company with a staff of 500 workers will need 20 percent less office space now than in the past, due to layoffs and the adoption of remote work, brokerage firm CBRE projected in a new study of North America’s top 50 job markets.
China’s manufacturing sector contracted again in July for the fourth straight month.
The country’s official purchasing managers index (PMI) registered 49.3 last month, after notching 49.0 in June, May and 49.2 in April, the National Bureau of Statistics (NBS) reported. Ratings below 50 indicate shrinking economic activity.
Canada’s GDP grew a scant 1 percent in this year’s second quarter, Statistics Canada reported, slower than the 3.1 percent posted in the first quarter and below the Bank of Canada’s 1.5-percent forecast.
In the first six months of this year, London-based Barclays bank set aside £896 million, or about $1.2 billion, to cover loans likely to turn sour, the bank disclosed on 27 July. The amount is more than double that in the first half of 2022.
Slowing inflation in the Eurozone’s two largest economies have raised hopes that the European Central Bank (ECB) will not raise interest rates again when it meets in September after it raised its key rate by another quarter point on 27 July.
As the U.S. Federal Reserve did a day earlier, the European Central Bank (ECB) added a quarter point to its key interest rate on 27 July, bringing it to 3.75 percent. It began raising the rate in July 2022, when it was -0.50 percent.
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