President-elect Donald Trump warned the European Union to reduce its trade gap with the U.S. through oil and gas purchases or face tariffs, citing a $131.3 billion deficit in 2022. EU officials mentioned energy as a potential solution, with German Chancellor Olaf Scholz speaking with Trump following a meeting on strengthening transatlantic ties. Despite threats of tariffs on trading partners, analysts are uncertain about Trump’s actual intentions and the impact on domestic inflation as he prepares to take office.
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AI could replace 70% of tasks in computer-based jobs, study says
According to a recent study by the Institute for Public Policy Research (IPPR), up to 70% of tasks in computer-based jobs could be transformed or replaced by AI, with jobs in project management, marketing, and administrative support being the most affected. The report highlights the need for greater government intervention in AI policy to address the implications of powerful AI, rather than just focusing on accelerating AI uptake and safety. The study found that AI...
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