For decades, consulting firms have charged by the hour – often hundreds of dollars – for their expertise.
Tag: Global Economy
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OCEAN FREIGHT RATES JUMP AS NEW U.S. TARIFFS LOOM
Exporters are rushing their products to U.S. customers ahead of a variety of new U.S. tariffs expected to take effect this month.
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JAPAN “READY TO ACT” AS YEN PLUNGES TO 40-YEAR LOW
The Japanese yen fell below ¥162 to the dollar on 29 June, its weakest since December 1986, as the Iran War’s fuel price shock sharpened the country’s struggle to wrangle inflation.
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EUROZONE INFLATION SETTLES BACK BELOW 3 PERCENT
The Eurozone’s headline inflation rate in June was 2.8 percent, down from 3.2 percent in May and moving back closer to the European Central Bank’s (ECB’s) 2-percent target rate.
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EUROPE FACES WINTER WITH GAS STOCKS LOWEST IN 15 YEARS
Europe is scrambling to rebuild its natural gas reserves from their lowest levels since 2011 as winter approaches and crucial gas supplies are still constrained because of the Iran War.
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SPOTLIGHT: BIGS GETTING BIGGER
German pharma colossus Merck is paying $11.3 billion for Bio-Techne, a U.S. firm providing biochemicals, instruments, and other research tools to the biosciences industry.
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“THE AMAZON OF CHINA” WILL REPLACE DELIVERY PEOPLE WITH ROBOTS
JD.com, China’s equivalent of Amazon in the U.S., has signed contracts with 120 vocational schools to retrain its 700,000 delivery couriers, who are going to be replaced by robots, founder Richard Liu told the Financial Times.
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AI WINS ITS FIRST LAWSUIT
Garfield AI, Britain’s first AI-based law firm approved by the U.K.’s Solicitors Regulation Authority, has won a lawsuit after using AI and no lawyers to prepare its case.
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AI IS INFLATION’S LATEST DRIVER
Oil prices have fallen and Donald Trump’s tariffs have had less inflationary impact than expected, but inflation is alive and well thanks to the relentless buildout of AI infrastructure.