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…

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.