Uber Says AI Is Writing More Code and Slowing Hiring Growth

US Accuses Chinese Exporters Of Masterminding "Great Transshipment Scam" Back in mid-2025, when Trump's renewed trade war with China was all the rage, we said that much of this was hot air and theatrics for the simple reason that many Chinese exporters would find easy ways to evade US tariffs thanks to "transshipments", or using intermediary countries as fake points of origin ... Why China exports tumbled to the US and rose everywhere else? One word: transshipments pic.twitter.com/y9Pg2ML5ZX — zerohedge (@zerohedge) May 10, 2025 ... and none more so than Vietnam, which quickly...

EUR Dips After ECB Leaves Rates Unch As Expected Hot on the heels of ECB President Lagarde's statement about early retirement, The European Central Bank kept interest rates unchanged as was fully expected.The deposit rate was left at 2.5%, as predicted by almost all economists surveyed by Bloomberg.On borrowing costs, the ECB is biding its time having hiked twice since the Iran war jolted energy markets. Officials, while worried inflation is headed for double the 2% goal, aren’t seeing signs of the ramp-up in oil and gas spreading elsewhere. Still, surprisingly resilient European growth...

As The Worms Turn... Authored by James Howard Kunstler, "They’re holed up in a bank demanding three large pizzas, a helicopter, and a personal phone call from Sydney Sweeney..." - Greg Gutfeld on Iran’s negotiating position The Russians have a phrase for it: negotiation-incapable (ne peregovorosposobny). That is what the Iran delegation demonstrated during a long day of talks with the US team over the weekend in Islamabad. What part of “no nukes” didn’t they understand? All of it, apparently. The corollary question on the table — arguably more pressing for Iran — was:...