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AI may boost global trade value by nearly 40%: WTO
AI may boost global trade value by nearly 40%: WTO
Business and Economy
by  AFP

Artificial intelligence could boost the value of global trade by almost 40 percent by 2040 thanks to cost reductions and productivity gains, the World Trade Organization said Wednesday. "AI holds major promise to boost trade by lowering trade costs and reshaping the production of goods and services," WTO chief Ngozi Okonjo-Iweala said while presenting the report.

Germany's Merz vows 'autumn of reforms' in turbulent times
Germany's Merz vows 'autumn of reforms' in turbulent times
Business and Economy
by  AFP

Germany will need sweeping change to remain free and prosperous, Chancellor Friedrich Merz warned Wednesday, calling on the country to unite in the face of Russian aggression, economic woes and rising extremism. Public concern about immigration has meanwhile fuelled the rise of the far-right Alternative for Germany (AfD), stoked by a series of attacks carried out by migrants.