Author: arthursheikin@gmail.com

[ad_1] Stay informed with free updatesSimply sign up to the Currencies myFT Digest — delivered directly to your inbox.For the past month or more, overnight interest rates in Hong Kong have been stuck just above zero per cent. Since everyone got used to ultra-low interest rates during the last couple of decades, it may not be immediately obvious how bizarre, unexpected and potentially alarming that situation is — or how it illustrates everything from the dwindling appetite of Asian investors for US assets, to a modest revival of Hong Kong’s capital markets, to surprising limits on the risk-taking capacity of…

[ad_1] For about 2,000 artists and creative arts workers in Ireland, a weekly stipend provided through a basic income program has been a lifeline for years.Now, it’s almost over.The pilot program began in 2022 under Catherine Martin, Ireland’s former minister for tourism and culture. Martin allocated about $28 million to the arts sector following the COVID-19 pandemic.Participants were randomly chosen and given an unconditional stipend of €325, or about $370, weekly for three years. During that time, participants met periodically via Zoom to discuss how the additional income had affected their livelihoods, careers, and ability to meet basic needs.The final…

[ad_1] Meta is discussing a multi-billion dollar investment in Scale AI, according to Bloomberg. In fact, the deal value could reportedly exceed $10 billion, making it the largest external AI investment by Facebook’s parent company and one of the largest funding events ever for a private company. Scale AI (whose CEO Alexandr Wang is pictured above) provides data labeling services to companies such as Microsoft and OpenAI to help them train their AI models. Much of that labeling work is done by contractors — in fact, the Department of Labor recently dropped its investigation into whether the company was misclassifying…

[ad_1] The CEO of the Swedish payments company Klarna says that the rise of artificial intelligence could lead to a recession as the technology replaces white-collar jobs.Speaking on The Times Tech podcast, Sebastian Siemiatkowski said there would be “an implication for white-collar jobs,” which he said “usually leads to at least a recession in the short term.””Unfortunately, I don’t see how we could avoid that, with what’s happening from a technology perspective,” he continued.Siemiatkowski, who has long been candid about his belief that AI will come for human jobs, added that AI had played a key role in “efficiency gains”…

[ad_1] The tech industry, much like everything else in the world, abides by certain rules.With the boom in personal computing came USB, a standard for transferring data between devices. With the rise of the internet came IP addresses, numerical labels that identify every device online. With the advent of email came SMTP, a framework for routing email across the internet.These are protocols — the invisible scaffolding of the digital realm — and with every technological shift, new ones emerge to govern how things communicate, interact, and operate.As the world enters an era shaped by AI, it will need to draw…

[ad_1] The public feud between Elon Musk and President Donald Trump has shown investors just how much control the US government has over Musk’s companies, Ark Invest CEO Cathie Wood says.”I think the way this is evolving is Elon, Tesla, and investors are beginning to understand more and more just how much the government has control here,” Wood said in a video posted to the company’s YouTube channel on Friday.Many of Musk’s companies have key links to the government and have received billions of dollars in federal loans, contracts, tax credits, and subsidies over the years.”Elon is involved in companies…

[ad_1] CNN  —  National Economic Council Director Kevin Hassett said Sunday that he is “very comfortable” with a trade deal closing between the United States and China after the two sides meet Monday in London. Hassett’s comments on CBS’ “Face the Nation” come after President Donald Trump said last week that he had a “very good” conversation with Chinese leader Xi Jinping and that talks with China are “very far advanced.” Hassett said the United States is looking to restore the flow of “crucial” rare earth minerals, which are used in the manufacturing of electronics, to the same levels before…

[ad_1] After a well-deserved career break, I decided it was time to look for a new job. The only problem was that I had last done this 10 years ago, and job hunting was a completely different game then.In 2025, everything has changed, from how roles are advertised to how candidates are evaluated. LinkedIn isn’t just an optional platform anymore. It’s seemingly essential. Companies are using automated systems to screen résumés, and social media presence matters more than ever. The landscape has drastically changed, becoming more digital and competitive than ever before.Facing this entirely new scenario was daunting. The old…

[ad_1] CNN  —  Veteran ABC News correspondent Terry Moran was suspended Sunday after he posted a highly critical assessment of President Donald Trump and Trump’s deputy chief of staff Stephen Miller on the social media platform X. In the missive, which was posted shortly after midnight, Moran said both Trump and Miller are “world-class haters.” For Trump, he said, hatred is “only a means to an end, and that end is his own glorification. That’s his spiritual nourishment.” For Miller, on the other hand, “hatreds are his spiritual nourishment,” Moran charged. “He eats his hate.” Moran — who landed a…

[ad_1] In the summer of 2024, Megan Meyer and her ex-husband, Tyler, were stressed.It had been an eventful year for the former spouses. They split in September 2023 after three years of marriage and had to figure out how to co-parent their daughter.A few months after the separation, Meyer reconnected with her high school sweetheart, Michael Flores. Soon, they were expecting a son together.Meyer, 25, Flores, 26, and Tyler, 25, whose last name was omitted to protect his and Meyer’s daughter’s privacy, all agreed to settle in South Carolina to raise their children. Meyer, a stay-at-home mom and content creator, has…