OECD forecast sets out economic risks from conflict, pointing to potential shortfalls to key energy products OECD predicts spate of recessions globally if Iran conflict drags into 2027 Rural areas in the UK would be particularly at risk of diesel shortages if the conflict in Iran continues to squeeze supplies, the Organisation for Economic Co-operation and Development has warned. The OECD predicte...
OECD forecast sets out economic risks from conflict, pointing to potential shortfalls to key energy products OECD predicts spate of recessions globally if Iran conflict drags into 2027 Rural areas in the UK would be particularly at risk of diesel shortages if the conflict in Iran continues to squeeze supplies, the Organisation for Economic Co-operation and Development has warned. The OECD predicted economic growth of 0.9% in the UK this year – a modest upgrade from the 0.7% it feared in March when it last updated its forecasts. It said government spending will help to support the economy in the short term. Continue reading...
Serbian President Aleksandar Vucic says there are too many obstacles that complicate the flow of investment between Europe, China and the US. He made the comments June 1 in an exclusive interview with Bloomberg's Oliver Crook after returning from Beijing with more than $1 billion of investment pledges for Serbia. (Source: Bloomberg)
Serbian President Aleksandar Vucic says there are too many obstacles that complicate the flow of investment between Europe, China and the US. He made the comments June 1 in an exclusive interview with Bloomberg's Oliver Crook after returning from Beijing with more than $1 billion of investment pledges for Serbia. (Source: Bloomberg)
Japan is positioning itself as a partner for Pacific Island nations struggling with rising seas and caught between the US-China rivalry, with Prime Minister Sanae Takaichi pledging on Wednesday to help fight climate change and boost maritime cooperation. Speaking at the inaugural Island States Ocean Summit in Tokyo, Takaichi made a direct pitch to Pacific leaders, presenting Japan as a reliable pa...
Japan is positioning itself as a partner for Pacific Island nations struggling with rising seas and caught between the US-China rivalry, with Prime Minister Sanae Takaichi pledging on Wednesday to help fight climate change and boost maritime cooperation. Speaking at the inaugural Island States Ocean Summit in Tokyo, Takaichi made a direct pitch to Pacific leaders, presenting Japan as a reliable partner that upholds the rule of law at sea and delivers consistent support. “Japan will continue to...
SAN MATEO, Calif., June 03, 2026--Neo4jⓇ, the world’s leading graph intelligence platform, today announced an agreement to acquire GraphAware, an intelligence analysis software company for government agencies. The acquisition will launch a new generation of AI-powered, graph technology solutions based on open standards, as a proven and trusted alternative to Palantir Gotham. This marks a key miles...
SAN MATEO, Calif., June 03, 2026--Neo4jⓇ, the world’s leading graph intelligence platform, today announced an agreement to acquire GraphAware, an intelligence analysis software company for government agencies. The acquisition will launch a new generation of AI-powered, graph technology solutions based on open standards, as a proven and trusted alternative to Palantir Gotham. This marks a key milestone in Neo4j’s $100 million AI investment roadmap, accelerating the development and delivery of aut
Broadcom reports earnings Wednesday after AI-related revenue more than doubled in the prior quarter, with investors focused on guidance and demand from hyperscale customers.
Broadcom reports earnings Wednesday after AI-related revenue more than doubled in the prior quarter, with investors focused on guidance and demand from hyperscale customers.
The fate of the global economy hinges on the conflict in the Middle East that has already stifled growth and could yet trigger recessions and significantly stronger inflation, the OECD said. Price pressures and weakened demand are set to be felt for some time, and may even worsen beyond a potential reopening of the Strait of Hormuz, the Paris-based organization said in its latest economic outlook....
The fate of the global economy hinges on the conflict in the Middle East that has already stifled growth and could yet trigger recessions and significantly stronger inflation, the OECD said. Price pressures and weakened demand are set to be felt for some time, and may even worsen beyond a potential reopening of the Strait of Hormuz, the Paris-based organization said in its latest economic outlook. Even in a scenario of time-limited disruption, the organization revised up its inflation estimates for 2027 and only slightly tweaked already feeble growth projections it announced in March. It also presented a bleaker scenario of prolonged confrontation and economic fallout that would trigger the deepest global slowdown for 40 years, outside of the Covid pandemic and the 2009 financial crisis. The world’s inflation would be 0.4 percentage point higher this year and 1.3 points in 2027. “The conflict in the Middle East has become the dominant force shaping the global economic outlook,” Chief Economist Stefano Scarpetta said. “The global economy is now again under pressure.” The latest assessment from the club of advanced economies is a stark warning of what’s at stake for other countries the world over if the US and Iran can’t find a path to deescalation. Predicting the extent to which that is possible is hazardous, as optimism on a deal on opening Hormuz is repeatedly punctuated by renewed threats of attacks and diplomatic setbacks. Should disruptions persist into 2027, global growth would slip to 1.8%, tipping some economies into or close to recession, driving up unemployment, weakening investment — including in artificial intelligence — and increasing the risk of repricing on financial markets, the OECD said. The severity of the fallout and the potential for exacerbation will make policy decisions particularly difficult. Fiscal expansions will likely shoulder most of the burden, according to the OECD, but governments have little space to intervene due to elevated public ...
The weight-loss drug market may be one of the fastest-growing therapeutic areas in the pharmaceutical industry. Eli Lilly (NYSE: LLY) has been a major winner from this boom. The drugmaker's Zepbound is one of the best-selling anti-obesity medicines. Eli Lilly also recently received approval for Foundayo, an oral weight-loss pill that is already seeing decent success. In addition to those approved ...
The weight-loss drug market may be one of the fastest-growing therapeutic areas in the pharmaceutical industry. Eli Lilly (NYSE: LLY) has been a major winner from this boom. The drugmaker's Zepbound is one of the best-selling anti-obesity medicines. Eli Lilly also recently received approval for Foundayo, an oral weight-loss pill that is already seeing decent success. In addition to those approved products, the drugmaker has a pipeline with several other candidates in this area. Eli Lilly could ride the weight loss tailwind for a while, but the company is already looking for the next big thing in the industry. Could Eli Lilly's work in gene editing be it? Let's look at recent clinical trial results for one of Eli Lilly's gene-editing candidates and what they mean for leading companies in this niche, such as CRISPR Therapeutics (NASDAQ: CRSP) . Image source: The Motley Fool. Continue reading
When Lip-Bu Tan took over, Intel was drowning in debt and losing the AI game. In just 13 months, the new CEO has attracted capital infusions from Nvidia and SoftBank, and is closing in on a next-generation chip process.
When Lip-Bu Tan took over, Intel was drowning in debt and losing the AI game. In just 13 months, the new CEO has attracted capital infusions from Nvidia and SoftBank, and is closing in on a next-generation chip process.
Berkshire Hathaway's purchase of Taylor Morrison sets a valuation floor for homebuilders and validates the structural undersupply in residential real estate.
Berkshire Hathaway's purchase of Taylor Morrison sets a valuation floor for homebuilders and validates the structural undersupply in residential real estate.