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.
Tag: UK
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U.K. WILL PLACE THIRD IN GLOBAL AI SWEEPSTAKES, STUDY SAYS
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.
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AHEAD OF AI SAFETY SUMMIT, U.K. REGULATORS LIST GUIDING PRINCIPLES FOR AI DEVELOPMENT
“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.
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U.K. SKIRTS RECESSION – FOR NOW
A modest recovery in the U.K.’s service sector let the nation avoid a recession, at least for now.
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WWIII: U.S. TO PROVIDE UKRAINE WITH DEPLETED-URANIUM TANK ROUNDS
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.
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U.K. ECONOMY SQUEAKS OUT 0.1-PERCENT GROWTH IN FIRST QUARTER
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.
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SPOTLIGHT: TOP TREND 2023, OFFICE BUILDING BUST
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.
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“HOW LOVELY IT IS”: U.K. SCIENTISTS CREATE CHIMERIC FLU – RSV SUPER VIRUS
The unbounded hubris of scientists dangerously manipulating viruses is showing itself again.
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U.K. MAY LEGALIZE HERITABLE GENE EDITING BY 2023
Money talks. A lucrative and powerful fertility industry might help decide whether the U.K. legalizes heritable genome editing (HGE) next year.
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BRACE FOR LONGEST U.K. RECESSION EVER
The Bank of England (BoE) has warned that Great Britain will fall into a “very challenging” two-year recession, during which real incomes will decline and unemployment will double to about 6.5 percent before 2025.