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Milei's Argentina dollarization plan has Latin American precursors
Argentine president-elect Javier Milei ran his campaign on promises to ditch the peso for the US dollar and do away with a central bank -- all in the name of subduing rampant inflation. Until September, Venezuela's annual inflation rate was 317 percent, according to its central bank.
With X's Musk under fire, Biden joins rival Threads
US President Joe Biden on Monday joined Threads, Meta's social media rival to Elon Musk's X, just days after the White House blasted the tech baron for pushing anti-Semitism. The White House confirmed it had launched Threads accounts for the president, First Lady Jill Biden, Vice President Kamala Harris, her husband Douglas Emhoff and the White House itself in English and Spanish.
AI doomsayers blamed in OpenAI's undoing
OpenAI has gone from ruling the world of artificial intelligence with ChatGPT to chaos, its chief executive ousted seemingly for advancing too fast and too far with the risky technology. We want stability here," said Ryan Steelberg, CEO of Veritone, a company that helps firms develop artificial intelligence.
Milei says could take two years to tame Argentina's inflation
President-elect Javier Milei said Monday that it could take between 18 and 24 months to bring Argentina's rampant inflation under control, as he outlined his plans to reform the economy. "The empirical evidence for the Argentine case says that if you cut monetary emission today, it takes between 18 and 24 months to destroy (inflation)," he said.
Workers at Detroit's 'Big 3' ratify labor contract: union
Workers from Ford, General Motors and Stellantis ratified new contracts with hefty wage hikes, their union announced Monday, closing the books on an historic autoworkers strike at the three Detroit giants. General Motors also applauded the ratification.
Milei says could take two years to tame Argentina's high inflation
President-elect Javier Milei said Monday that it could take between 18 and 24 months to bring Argentina's rampant inflation under control, as he outlined his plans to reform the economy. "The empirical evidence for the Argentine case says that if you cut monetary emission today, it takes between 18 and 24 months to destroy (inflation)," he said.
UK government prepares crunch budget with eyes on next election
Britain's Conservative government this week unveils a budget update that could determine its chances of re-election -- or the size of its defeat -- with promises to reinvigorate the economy as the party lags badly in the polls.
Altman drama: twist in seven-year Microsoft, OpenAI relationship
Microsoft's hiring of ousted OpenAI CEO Sam Altman on Monday marks another twist in the seven-year-old partnership between the US giant and the startup that created ChatGPT. Here a key moments in the history of their partnership: - Founded as a non-profit - OpenAI is founded in 2015 by entrepreneurs and investors, including Sam Altman, Greg Brockman and Tesla chief Elon Musk.
Messi's 2022 World Cup jerseys to go up for auction
A set of six jerseys that Lionel Messi wore during Argentina's victorious 2022 World Cup run will be auctioned in December, Sotheby's announced Monday, estimating their value at $10 million. If the jerseys indeed fetch above $10 million, that could make the sale the most valuable collection of sports memorabilia ever auctioned off, Sotheby's said.
AFP
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