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Robots will bolster UK growth and create new jobs, says PwC

Bloomberg Robots could destroy about 7 million existing UK jobs but create at least that many more over the next two decades, according to analysis by PricewaterhouseCoopers. There will still be winners and losers. Worst hit will be manufacturing, which could see 25 percent of current staff cut by 2037 because of artificial intelligence and related technologies, the report said. ...

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The Federal Reserve’s strange ‘independence’

“The Federal Reserve is meant to be independent of parochial political interests. But it’s got to operate — I think of this as a kind of band, sometimes wide, sometimes narrow — within the range of understanding of the public and the political system. You just can’t go do something that is just outside the bounds of what people can ...

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Latin America looks past US on trade

A beleaguered Argentina had hosted the G-20 finance ministers to work out the agenda for their leaders’ December conclave in Buenos Aires. While officially focussed on infrastructure and the future of work, these more technical discussions were overshadowed by US tariff threats and President Donald Trump’s belligerence towards allies and the World Trade Organization. The US attack on the global ...

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