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Oil prices could reach ‘uncharted waters’ if the Israel Hamas war escalates, the World Bank says

Canadian Manufacturing

WASHINGTON (AP) – The World Bank reported Monday that oil prices could be pushed into “uncharted waters” if the violence between Israel and Hamas intensifies, which could result in increased food prices worldwide. And the threat of escalation looms.

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Biden wants to move fast on AI safeguards and will sign an executive order to address his concerns

Canadian Manufacturing

Last Thursday, Biden gathered his aides in the Oval Office to review and finalize the executive order, a 30-minute meeting that stretched to 70 minutes, despite other pressing matters including the mass shooting in Maine, the Israel-Hamas war and the selection of a new House speaker.

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Global economy is weighed down by political instability, trade chief warns

Canadian Manufacturing

The head of the World Trade Organization warned on Feb. 26 that war, uncertainty and instability are weighing down the global economy and urged the bloc to embrace reform as elections across nearly half the world’s population could bring new challenges.