Bank of England Governor Andrew Bailey warns that the rapid growth of artificial intelligence could lead to a global economic downturn if the AI bubble bursts, potentially triggering a market correction that spreads worldwide.
China's three largest airlines—Air China, China Eastern, and China Southern—reported combined first-half losses of US$1.22 billion, driven by high fuel costs and a weak summer travel season, casting doubt on their recovery prospects.
China's factory activity contracted for the second consecutive month in December, reflecting soft demand amid ongoing US trade frictions and a prolonged property crisis. The data underscores the challenges Beijing faces in sustaining economic momentum.
Deputy Minister assures that the government is monitoring inflation movements to prevent cost pressures on the people amid the West Asia crisis. The statement was made in Kota Bharu, emphasizing the government's commitment to mitigating economic impacts.