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UBS Finds Global Trade Structure "Surprisingly Stable" As AI Emerges As Growth Engine
UBS Finds Global Trade Structure "Surprisingly Stable" As AI Emerges As Growth Engine
Despite ongoing Gulf-related energy shocks, mounting concerns over a potential energy cliff (read here), and UBS last month reactivating its supply chain stress-watch coverage, another UBS analyst noted Wednesday that the overall structure of global trade remains "surprisingly stable."
Analyst Arend Kapteyn pointed out that the structure of global trade remains far more structurally stable than recent growth trends suggest, even as technology and AI-related categories have driven nearly 80% of recent trade growth while accounting for only...
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Iran's Tolling Regime On Hormuz Chokepoint Would Set "Dangerous Precedent," IMO Warns
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The ceasefire deal in the six-week US-Iran conflict remained in doubt by late week, as Israel intensified its bombardment of Beirut, Tehran kept the Hormuz chokepoint closed, and negotiators prepared to meet on Friday even as both sides declared victory.
Reports of attacks on one of Saudi Arabia's Red Sea ports, alongside the continued closure of Hormuz, did little to reassure traders in the overnight session. Risk sentiment remained fragile on Thursday morning, with equities across Asia and Europe...
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More Nations Are Mulling Social Media Bans For Teens
More Nations Are Mulling Social Media Bans For Teens
After Australia's first-of-its-kind social media ban for adolescents under the age of 16 came into effect in December, more countries in Europe and elsewhere are taking steps to implement their own restrictions.
As Katharina Buchholz reports, according to Statista research, France and the United Kingdom have gotten furthest, with laws passing in one chamber each of the countries' bicameral legislatures as of early February. While the latter country is also aiming to ban social media for kids under the age of 16, France's...
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