Investing.com -- Artificial intelligence could upend global labor markets and shift economic power toward owners of land and commodities, according to experts exploring long-range scenarios tied to rapid progress in automation.Analysts say if machines become more capable than humans at most task, wages could fall below the cost of operating robots, forcing workers into lower-paid or niche rol ...
Investing.com -- Nippon Steel’s acquisition of U.S. Steel is set to close by June 18, according to a Saturday report from the Nikkei that did not cite its sources for this information.The Japanese steelmaker received conditional approval from U.S. regulators for the $14.1 billion purchase of the American steel producer.While June 18 marks the deadline for the merger agreement between the two com ...
Investing.com -- A decline in inbound tourism may help cool U.S. inflation by dampening demand in key services sectors, according to analysts at Capital Economics.U.S. inbound travel is still about 15% below pre-pandemic levels. Analysts said this drop in foreign visitors is holding back price growth in sectors like accommodation, food services, and entertainment, where overseas tourists tend ...
By Aditya Kalra NEW DELHI (Reuters) -Air India’s deadly plane crash that killed at least 270 people has triggered a wave of speculation about what led to the world’s worst aviation disaster in a decade, but authorities are slowly narrowing down areas of investigation. The Boeing (NYSE:BA) 787 Dreamliner is one of the most advanced jets in service and experts say it has a generally strong safet ...