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Economists expect US recession, above-target inflation this year
Economists expect US recession, above-target inflation this year
Business and Economy
by  AFP

The United States will likely enter a recession this year and face high inflation well into 2024, a majority of economists predicted in their response to a semiannual survey. Economists also slightly raised the chances of the Fed achieving a so-called "soft landing" -- bringing down inflation while avoiding a recession -- from 27 percent in August to 30 percent in March this year. da/tjj

Asian markets mixed as banking fears persist
Asian markets mixed as banking fears persist
Business and Economy
by  AFP

Asian stocks were mixed Monday in a cautious start to what could be another rocky week for global markets, after a rout in banking shares renewed fears for the sector. After markets closed on Friday, Biden said banks are "in pretty good shape" following the recent financial sector turmoil.

'Glaze' software aims to protect art from copycat AI
'Glaze' software aims to protect art from copycat AI
Business and Economy
by  AFP

Researchers at the University of Chicago have released free "Glaze" software that they say can thwart efforts by generative artificial intelligence (AI) to copy an artist's style. If generative AI finds a Glaze-guarded image online, it is prevented from correctly analyzing and copying the style, the team said.