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Trump tariffs on timber, furniture take effect
Trump tariffs on timber, furniture take effect
Business and Economy
by  AFP

US President Donald Trump's fresh tariffs on imported wood, furniture and kitchen cabinets took effect Tuesday, a development likely to fuel building costs and pile pressure on homebuyers in an already challenging market. The latest salvo features a 10-percent tariff on imports of softwood lumber, while duties on certain upholstered furniture and kitchen cabinets start at 25 percent.

Nobel economist warns of AI dangers
Nobel economist warns of AI dangers
Business and Economy
by  AFP

A winner of this year’s Nobel prize in economics warned Monday that artificial intelligence offers "amazing possibilities" but should be regulated because of its job-destroying potential. And it also obviously has an amazing potential for destroying other jobs or replacing highly skilled labor.