Chinese Property Developers’ Shares Rebound on Policy Support Pledge
Chinese property developers’ stocks and bonds surged after policymakers promised increased support for the struggling sector.
Economy
ChatGPT and AI Automation: Potential Impact on Jobs and the Economy
Goldman Sachs predicts a quarter of major economies’ workforce could be automated due to AI advancements, including ChatGPT. While AI could improve productivity, nearly two-thirds of US and Europe jobs are exposed to automation.
Central Bank of Russia Disposes of Yuan Worth $47 Million in January
Russia has sold the equivalent of almost $47 million of yuan in January to purchase roubles to compensate for budget shortfall created by decreased oil and gas revenues.
