Inflation in British grocery prices fell to 9.7 percent in the four weeks ending 29 October, the first time monthly food price gains have been limited to single digits since July 2022, research service Kantar reported.
The U.K.’s economy showed no growth in this year’s third quarter from the second, “entering what is expected to be a protracted period of stagnation on the cusp of a recession,” The New York Times reported.
In connection with an Orwellian named “AI Global Safety Summit” held this past week in the U.K., thousands of AI industry workers and experts have signed onto a letter arguing that AI is destined to become a “force for good” in the world, and not disaster.
Britain’s economic output grew 0.2 percent in August after contracting 0.6 percent in July, the Office of National Statistics reported. The increase matched the expectations of economists surveyed by The Wall Street Journal.
Britain’s AI sector will grow from £1.36 trillion (about $1.7 trillion) to £2.4 trillion ($3 trillion) by 2027, making it the world’s third-largest AI economy behind the U.S. and China, according to an analysis by the information clearinghouse Global AI Ecosystem.
“The speed at which AI is becoming part of everyday life for people and businesses is dramatic,” Sarah Cardell, CEO of the CMA, said in a statement listing the principles.
A modest recovery in the U.K.’s service sector let the nation avoid a recession, at least for now.
The U.S. is expected to follow the United Kingdom’s lead and provide the Ukrainian military with tank rounds with depleted-uranium rounds that can pierce the coat of Russian tanks but raise health concerns for people in areas these munitions are used.
Britain managed to expand its GDP by 0.1 percent during the first three months of this year, matching the growth rate in 2022’s final quarter.
In 2022’s fourth quarter, the proportion of Canada’s office space sitting empty reached a record 17.1 percent, according to real estate services firm CBRE, even though the country’s economy has fully reopened from its COVID-era lockdowns.