economist

Fear not humans: Artificial intelligence to create millions of jobs, predicts PwC

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Artificial intelligence (AI) and related technologies will generate as many jobs as they displace over the next 20 years, according to a report by audit firm PwC which focused mainly on the United Kingdom. The research found that while AI could displace roughly seven million jobs in the country, it could also create 7.2 million Read More

Kuwait's Super Light crude oil finds home in Japan and South Korea as Iran alternative

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Singapore — Kuwait’s newly launched Super Light crude oil is increasingly finding a home in Japan and South Korea as the grade has emerged as a possible alternative grade to Iranian condensate, market sources said Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “With ample availability it is Read More

Japan exports to U.S. fall, business mood sours amid fears of trade war

3 days ago DieselGasoil Comments Off on Japan exports to U.S. fall, business mood sours amid fears of trade war
TOKYO (Reuters) – Japan’s exports to the United States fell for the first time in 17 months and Japanese business sentiment soured amid worries about U.S. President Donald Trump’s protectionist trade policies. FILE PHOTO: People walk through a shopping district in Osaka, western Japan October 22, 2017. REUTERS/Thomas White/File Photo Exports to the United States Read More

U.S. housing starts hit nine-month low; permits drop

3 days ago DieselGasoil Comments Off on U.S. housing starts hit nine-month low; permits drop
WASHINGTON (Reuters) – U.S. homebuilding fell to a nine-month low in June and permits for future construction declined for a third straight month, dealing a blow to the housing market as it struggles with a dearth of properties available for sale. FILE PHOTO: Development and construction continues on a large scale housing project of over Read More

Greece prepares to fly solo on bond markets

3 days ago DieselGasoil Comments Off on Greece prepares to fly solo on bond markets
LONDON (Reuters) – Once the outcast of European bond markets, Greece appears firmly on the road to redemption. A Greek national flag flutters on the roof of a building in Athens, Greece February 8, 2018. REUTERS/Costas Baltas After years of austerity, the expiry of an 86 billion euro ($100 billion) bailout in August will mark Read More

Dollar's advance puts squeeze on gold, commodities

3 days ago DieselGasoil Comments Off on Dollar's advance puts squeeze on gold, commodities
SYDNEY (Reuters) – Asian share markets were mostly firmer on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. FILE PHOTO: A visitor is seen as market prices are reflected in a glass window Read More

Japan stocks bounce as yen bows before strong dollar

4 days ago DieselGasoil Comments Off on Japan stocks bounce as yen bows before strong dollar
SYDNEY (Reuters) – Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. FILE PHOTO: A visitor is seen as market prices are reflected in a glass window Read More

Japan shares jump as yen bows to strong dollar

4 days ago DieselGasoil Comments Off on Japan shares jump as yen bows to strong dollar
SYDNEY (Reuters) – Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. FILE PHOTO: A visitor is seen as market prices are reflected in a glass window Read More

Trade war puts the hoof into U.S. pig part exports to China

4 days ago DieselGasoil Comments Off on Trade war puts the hoof into U.S. pig part exports to China
CHICAGO (Reuters) – Before the U.S.-China trade war, American pig processors exported nine out of every 10 pigs’ feet and heads they shipped overseas to China and Hong Kong – for prices higher than they would fetch anywhere else. Those parts and others that most Americans won’t eat – hearts, tongues, stomachs, entrails – have Read More