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America’s AI boom is a jobs opportunity, not an excuse for universal basic income
The article argues that fears about artificial intelligence eliminating jobs should not be used to justify universal basic income. Its author contends that government payments could discourage work and undermine the dignity and social value attached to employment, particularly for people in practical and industrial occupations. Framed as an opinion piece, it advocates preparing Americans…
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Oil prices climb as Iran talks hit new impasse; Tui hit by high fuel costs – business live
Oil prices rose towards $90 a barrel after reported attacks on ships near key Middle Eastern waterways and a renewed impasse in US-Iran negotiations heightened fears of disrupted fuel supplies. The developments matter because prolonged disruption around the Strait of Hormuz could raise energy costs globally and add pressure to inflation and businesses reliant on…
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UK heatwaves may have cost economy £4.4bn in lost output so far this year, analysis finds
Repeated summer heatwaves are likely to have cost the UK economy more than £4bn in lost output so far this year, according to analysis by green thinktank Verdant. The findings highlight the growing economic toll of climate change, with the group’s director, James Meadway, calling for urgent government action to protect workers and businesses from…
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Commonwealth Bank $10billion profit as Aussies struggle under rising interest rates
The Commonwealth Bank, Australia’s largest lender, has reported a profit of around $10 billion, a result that comes as many Australian households face mounting financial pressure from rising interest rates. The scale of the bank’s earnings amid widespread cost-of-living strain is likely to reignite debate over the profitability of major banks compared with the difficulties…
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Don’t Malign the U.S. Economy
People in the U.S. with very low literacy make about as much as the average worker in the U.K.
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Trump revives Iran sanctions, Turkey grants PKK amnesty as UK confidence hits two-year high
Trump has pivoted back to sanctions on Iran while Turkey’s parliament passed a conditional amnesty for PKK militants; UK consumer confidence hit a near two-year high, OVH Cloud warned of steep price rises, and a British tourist died paragliding near Benidorm.
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Supermassive Games will lay off up to 75 workers
Supermassive Games, the UK studio behind Until Dawn and The Dark Pictures Anthology, has confirmed it will cut up to 75 jobs, entering a redundancy consultation process it describes as necessary to secure the studio’s long-term sustainability. The move adds to a string of setbacks for the developer and marks yet another blow for the…
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Gramado Film Festival Launches Civic Leadership Initiative and Emerging Filmmaker Residency
Brazil’s Gramado Film Festival is expanding its 2026 programme to encompass urban development and artistic talent cultivation. The inaugural International Meeting of Cities will convene municipal authorities from Medellí
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Gramado Film Festival Hosts the First International Meeting of Cities
The Gramado Film Festival in southern Brazil will host the inaugural International Meeting of Cities from 12–14 August 2026, as part of its Gramado Film Market. The event will bring together municipal authorities from cities including Medellín, Rio de Janeiro, Porto Alegre, Maricá and host city Gramado, alongside representatives of Brazilian and Ibero-American organisations, to…
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Consumer confidence at near two-year high as World Cup and UK holidaying lift summer spending
Consumer confidence in the UK rose to its highest level in almost two years in July, driven by England’s run in the men’s football World Cup, a rise in domestic holidaymaking, and easing geopolitical uncertainty. Barclays said the improved mood translated into greater willingness to spend on non-essentials, as people reported feeling more secure in…