UK sets out overhaul of asylum appeals process as protests continue
Home secretary Yvette Cooper under pressure to show she is addressing backlog
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BofA sees the replacement of people with process solving the ‘productivity paradox,’ because ‘a process is almost free and it’s replicable for eternity’
“I think people love this AI technology because it feels like sorcery,” BofA’s Savita Subramanian said. “The truth is it hasn’t really changed the world that much yet, but I don’t think it’s something to be dismissed.”
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Trump halts work on an offshore wind project that’s 80% complete, citing unspecified ‘national security interests’
Revolution Wind was expected to be Rhode Island and Connecticut’s first commercial-scale offshore wind farm, capable of powering more than 350,000 homes.
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Why banks should leverage AI to serve more than the affluent—and build a financial system for everyone
Around one billion people still lack access to formal financial systems. AI can help close the gap—in part by allowing for collateral-free lending.
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Russia is ‘teetering on the brink of a recession’ and headed for a disastrous harvest, while Putin’s other top source of cash plunges
“We also think there’s a significant probability of Russia’s economy slipping into a technical recession in the coming quarters.”