it will include the models behind popular chatbots like chatgpt. ai industry has faced scrutiny from regulators lately, over the pace at which it is developing technology to mimic human behaviour. the uk watchdog will assess whether or not ai provides an unfair advantage to companies that are able to afford the technology. let s speak now to stephanie hare, who s a tech expert. what will this review focus on? it will focus on may two things. because this is the competition authority, it will focus on ensuring open competition and consumer protection. that is very different from what we have been hearing leaders in al worrying about, which is a existential threat to humanity. it was only in the last few weeks that the godfather of ai quit and he talked about the dangers of ai. do we know what the risks are in regard to consumer protection? it we know what the risks are in regard to consumer protection? to consumer protection? it depends on how we want to consumer protection
that s the first increase after five consecutive months of declines. consumer prices edged up from 6.9% in march, which could further encourage the european central bank to raise interest rates on thursday. joining me now is christian schulz, deputy chief european economist at citi bank. lovely to see you. so, the number is on the up, no great surprise considering what we have seen elsewhere, but the big question is how the central bank response. the ecb has made some progress, i guess, the base rate was in double digits at the end of last year, we are now down to 7%. no further progress in april, it seems. looking at the details, there are some positives. food inflation is down, it had been rising and rising. hopefully that is a trend that will continue. also called goods inflation, that is also decreasing for the first time. the bad news is, for the ecb, that services inflation keeps rising and thatis services inflation keeps rising and that is the surprise in this, really.
economy grew faster than expected in the first quarter thanks to robust consumer spending after lockdowns were lifted. but factory output has lagged due to weak global growth and this latest data raises questions about the sustainability of china s recovery. a market strategist told me these numbers show how uneven china s recovery has been. a pretty dire set of numbers, although services is still an expansion. it has come below expectations, but of course the bigger shock on the manufacturing side, and shows how uneven the recovery is in china. two things worth noting. first, we are coming from a strong first quarter where we had this initial euphoria after the reopening of the economy, as well as some benefit from the chinese new year period. so of course, manufacturers are a little bit downbeat after that initial euphoria has come down. secondly, my bigger concern is about geopolitics and the impact on making the external demand weaker for china s manufacturing sector. we
the first working day in serbia after a two day labour day holiday so the kids had a short spring break and basically today at 8am they were back into the classroom. everything seemed like a very normal start of a school day until at around 840 local time, close to the end of the first class, the student with the initials, k k, that is how police have identified him, entered the school with a gun and started a shooting spree in the primary school. . ~ , ., shooting spree in the primary school. ., ~ , ., ., shooting spree in the primary school. . ~ , ., ., . shooting spree in the primary school. ., ., ., ., ., school. thank you for all of that information. this story very much breaking and information coming in as we speak. what is the latest you are hearing about this? the what is the latest you are hearing about this? what is the latest you are hearing about this? . , ., , ., about this? the latest we have is a statement from about this? the latest we have is a statem
in the past hour we have just had an update on some important data. they show the world s biggest economy is still growing but more slowly than first thought. the first three months of this year the us economy grew by 1.1% months of this year the us economy grew by1.1% and months of this year the us economy grew by 1.1% and that is on an annualised basis with consumer spending still remaining pretty strong but many analysts have been expecting today s figure to be closer to the 2% mark with all of this of course adding to fears that the american economy is running out of steam so let s get the thoughts of steam so let s get the thoughts of samir hussein, our north american business correspondence standing by new york and that is the question, isn t it. is this just a temporary blip or are we on a longer term slowdown? because we have talked a lot about the us avoiding recession. this will be welcome news. they can certainly not. this demonstrates the us economy is certainly l