unemployment

Xi heads to Washington with AI gains but a deepening economic crisis

As Chinese President Xi Jinping prepares to arrive in Washington on September 24 for his first White House visit in over a decade, the trip is being framed by a stark contradiction: China's rapid advances in artificial intelligence stand against…

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China’s July data misses across the board as slowdown deepens

China's economy weakened across the board in July, with every major indicator undershooting forecasts in a release that underscored the challenge Beijing faces in sustaining growth through the second half of the year.

Nearly a third of CEOs target job cuts through AI, but mass displacement remains elusive

Nearly one-third of CEOs now identify headcount reduction as a key objective of deploying artificial intelligence, according to a Businessolver report published Tuesday that surveyed more than 300 C-suite executives. Yet new research suggests the feared mass displacement of workers…

China’s youth jobless rate could near 20%, ANZ economist warns

China's urban youth unemployment rate stood at 14.9% in June, marking the highest reading for that month since the government overhauled its methodology more than two years ago, even as a record wave of 12.7 million university graduates prepares to…

Iran’s record internet blackout threatens mass layoffs as economic toll mounts

Iran's economy is reeling from the combined effects of war, a record-long internet blackout, and an intensifying U.S. sanctions campaign, with mass layoffs sweeping across industries from petrochemicals to the tech sector and threatening the livelihoods of millions.