News in Brief
27% of jobs at high risk from AI revolution
REUTERS – More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said.
The Organisation for Economic Co-operation and Development (OECD) is a 38-member bloc, spanning mostly wealthy nations but also some emerging economies like Mexico and Estonia.
There is little evidence the emergence of AI is having a significant impact on jobs so far, but that may be because the revolution is in its early stages, the OECD said.
China signals deeper reforms in power sector
CCTV – China will double down on power system reforms and shift its focus to reducing carbon emissions, a Communist Party policymaking body said, without giving further details.
The party’s commission for deepening reform, an agency responsible for accelerating priority reforms for the leadership, outlined broad proposals for opening up the economy, including the latest effort to improve the country’s power networks and oil and natural gas markets.
Dollar drops to two-month low
AFP – The dollar sank to a new two-month low on Wednesday after data showed the rise in U.S. consumer prices eased in June, suggesting that the Federal Reserve may have to raise interest rates just one more time this year.
The dollar index dropped as low as 101.04, the lowest in two months, after the data, and was last down 0.4% at 101.27 .