Pandemic speeds up human vs. machine standoff over jobs, WEF study says

October 21, 2020 Aariv 0

The World Economic Forum, in a report released Wednesday on the future of jobs, expects that a new division of labor between humans and machines will upend and eliminate some 85 million jobs globally across 15 industries. But it also expects that 97 million new roles will emerge in sectors like artificial intelligence, content creation and “the care economy” involving children and the elderly.

China, Taiwan and Vietnam after containing virus clocked high growth in global trade

October 21, 2020 Aariv 0

China, Taiwan and Vietnam are the only major trading economies whose exports have recovered strongly, with all three reporting strong growth in the third quarter of 2020, according to research by the United Nations Conference on Trade and Development (UNCTAD).

China’s Economy Plows On as World’s Only Major Growth Engine with 4.9% growth in September Quarter

October 20, 2020 Aariv 0

From being the first country where the Covid-19 virus was detected, China is all set to become the only major economy in the world that will grow in 2020. China’s gross domestic product (GDP) expanded 4.9% in the July-September quarter, according to statistics released by the country’s National Bureau of Statistics.