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

3 hours ago DieselGasoil Comments Off on Fear not humans: Artificial intelligence to create millions of jobs, predicts PwC
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

Gold to prove crucial hedge against next financial crisis – analyst

7 hours ago DieselGasoil Comments Off on Gold to prove crucial hedge against next financial crisis – analyst
While unsteady financial markets are bouncing up and down due to trade and geopolitical conflicts as well as political uncertainty, some investors turn to less risky assets, principally to gold. According to the recent report by the London-based consultancy Rosa & Roubini Associates, the latest developments in Italy could easily trigger another global financial crisis. Read More

U.S. dollar drops, yields rise after Trump comments on Fed policy and tariffs

20 hours ago DieselGasoil Comments Off on U.S. dollar drops, yields rise after Trump comments on Fed policy and tariffs
NEW YORK (Reuters) – The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback’s strength and about Federal Reserve interest rate rises. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 18, Read More

GlaxoSmithKline considers splitting up the group: FT

21 hours ago DieselGasoil Comments Off on GlaxoSmithKline considers splitting up the group: FT
(Reuters) – GlaxoSmithKline Plc (GSK.L) is considering a break-up of the group after investors pressed the company’s board to spin off its consumer division, the Financial Times reported on Friday. FILE PHOTO: The GlaxoSmithKline (GSK) logo is seen on top of GSK Asia House in Singapore, March 21, 2018. REUTERS/Loriene Perera/File Photo GSK Chairman Philip Read More

Dollar drops on Trump criticism; U.S., Europe stocks tepid

22 hours ago DieselGasoil Comments Off on Dollar drops on Trump criticism; U.S., Europe stocks tepid
NEW YORK (Reuters) – The U.S. dollar weakened on Friday against key world currencies as President Donald Trump complained again about its strength, while U.S. and European stock markets were tepid amid fresh tariff talk and another round of corporate earnings. Traders work on the floor of the New York Stock Exchange (NYSE) in New Read More

RT Debate: Is multiculturalism dead?

1 day ago DieselGasoil Comments Off on RT Debate: Is multiculturalism dead?
Should governments impose tough laws for multiculturalism for it to work, or it can happen naturally? Experts clash during a RT interview following the controversial statement by a Dutch minister that multiculturalism is dead. Reasoning that Stef Blok’s controversial statements were due to an attempt to score political points away from populists, independent journalist Luc Read More

Shell in talks to sell $2-billion Nigeria oil assets

1 day ago DieselGasoil Comments Off on Shell in talks to sell $2-billion Nigeria oil assets
By Kelly Gilblom and Dinesh Nair on 7/20/2018 LONDON (Bloomberg) — Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that’s at the heart of environmental and human rights controversies for $2 billion, according to people familiar with the plan. The Anglo-Dutch oil major is discussing selling oil Read More

Oil set for weekly drop as Trump issues new trade threats

1 day ago DieselGasoil Comments Off on Oil set for weekly drop as Trump issues new trade threats
By Robert Tuttle on 7/20/2018 CALGARY (Bloomberg) — Oil headed for a third weekly loss amid concern escalating trade rows would undercut energy demand, undermining reassurances from Saudi Arabia that it won’t flood global crude markets. Futures pared gains in New York on Friday as President Donald Trump said that he’s “ready to go” with Read More

As wheat harvest heads to parched north, Europe braces for more losses

1 day ago DieselGasoil Comments Off on As wheat harvest heads to parched north, Europe braces for more losses
PARIS (Reuters) – Europe’s grain market is bracing for more downgrades to the size of this year’s wheat crop as harvesting reaches the northern regions that have been worst hit by exceptional drought and heat since spring. FILE PHOTO: A French farmer harvests wheat in Sancourt, northern France, July 17, 2018. REUTERS/Pascal Rossignol/File Photo Germany, Read More

Saudi Arabia keeps status quo on oil exports, but supply risks still abound

1 day ago DieselGasoil Comments Off on Saudi Arabia keeps status quo on oil exports, but supply risks still abound
London — The pressure on Saudi Arabia to pump more crude has lessened over the past few weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The kingdom has boosted its production by almost 500,000 b/d from May levels and deemed that sufficient to meet the market’s needs for Read More