OPEC to shrink over threat of Iraq exit Business

OPEC to shrink over threat of Iraq exit

LONDON: Iraq has weighed leaving the Organization ⁠of the Petroleum Exporting Countries if its oil production quota is not increased, sources ​told Reuters on Thursday, weeks ​after the exit of the United Arab Emirates. Since late 2016, OPEC has worked with Russia and other non-member countries to manage the oil market by setting output quotas. […]

Economists once dismissed the AI job threat, but not anymore Technology

Economists once dismissed the AI job threat, but not anymore

Among tech evangelists in Silicon Valley, it has become conventional wisdom that artificial intelligence will rapidly reshape the labor market, for better or worse. Economists, however, have often discussed AI’s impact with a skepticism bordering on dismissiveness. Rising unemployment among young college graduates? The result of high interest rates and macroeconomic uncertainty. Dire predictions of […]