$37 Billion Push: China Is Paying People To Shop, But Why Aren't Consumers Spending?

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• RBI Repo Rate Hike: Should You Pay More EMI Or Extend Home Loan Tenure?

  The Reserve Bank of India (RBI) has hiked the repo rate, potentially leading to higher interest rates for borrowers. This could affect your monthly EMI, depending on your outstanding principal, remaining tenure, and existing interest rate. Consult with your lender for specific implications.

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• AI's ability to forecast extreme weather faces a major test in the coming months amid a historic El Niño, as some scientists question the technology's accuracy (Financial Times)

  The ability of artificial intelligence to forecast extreme weather is facing a significant test in the coming months due to a historic El Niño event. This raises concerns about the reliability of AI in predicting severe weather conditions, which could have far-reaching implications for public safety and infrastructure planning.

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• Survey of 94 economists: 54% expect AI's gains to spread across the G20 over the next decade, not just the US and China; 32 see African countries falling behind (Financial Times)

  ### Briefing A survey of 94 economists predicts that artificial intelligence (AI) will have a significant impact across the G20 nations over the next decade, not just the United States and China. Fifty-four percent of the economists expect AI's benefits to reach the G20 countries, including the European Union, India, and Brazil, among others. However, a third of the economists, 32 percent, see African countries falling behind in AI development, indicating a potential widening of the global technological gap.

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