An anonymous reader quotes a report from the Financial Post: In 2024, the Ethiopian government banned the import of fossil fuel-powered vehicles and slashed tariffs on their electric equivalents. It was a policy driven less by the country's climate ambitions and more by fiscal pressures. For years, subsidizing gasoline for consumers has been a major drag on Ethiopia's budget, costing the state billions of dollars over the past decade. The country defaulted on its sovereign bonds in 2023 after rising interest rates drove up the costs of servicing its debts, and it received a $3.4 billion bailout from the International Monetary Fund the following year.

In the two years since the ban on internal combustion engine vehicles, EV adoption has grown from less than 1% to nearly 6% of all of the vehicles on the road in the country -- according to the government's own figures -- some way above the global average of 4%. "The Ethiopia story is fascinating," said Colin McKerracher, head of clean transport at BloombergNEF. "What you're seeing in places that don't make a lot of vehicles of any type, they're saying: 'Well, look, if I'm going to import the cars anyway, then I'd rather import less oil. We may as well import the one that cleans up local air quality and is cheaper to buy.'"

For decades, Ethiopia's high import tariffs on vehicles put new car ownership out of the reach of most of the country's population. Per capita gross domestic product is only about $1,000, and even by the standards of low-income countries, it has among the lowest car ownership rates. At 13 vehicles per 1,000 people, it's a fraction of the African average of 73. With few cars manufactured in the country, the vast majority are imported, and most are bought used. The government's import policy has upended the market. In parallel, tariffs for EVs were dropped to 15% for completed cars, 5% for parts and semi-assembled vehicles, and zero for "fully knocked down" -- vehicles shipped in parts and assembled locally. That has made new EVs cost-competitive with old gasoline cars.

A study of more than 12,000 European firms found that AI adoption causally increases labour productivity by 4% on average across the EU, and that it does so without reducing employment in the short run.

Researchers from the Bank for International Settlements and the European Investment Bank used an instrumental variable strategy that matched EU firms to comparable US firms by sector, size, investment intensity and other characteristics, then used the AI adoption rates of those US counterparts as a proxy for exogenous AI exposure among European firms.

The productivity gains, however, skewed heavily toward medium and large companies. Among large firms, 45% had deployed AI, compared to just 24% of small firms. The study also found that complementary investments mattered enormously: an extra percentage point of spending on workforce training amplified AI's productivity effect by 5.9%, and an extra point on software and data infrastructure added 2.4%.

In a small double-blind clinical trial, a single intravenous dose of DMT produced rapid and clinically meaningful reductions in symptoms of major depressive disorder within a week, with effects lasting up to three months in some patients. "Unlike psilocybin and lysergic acid diethylamide ( LSD), whose effects can last for hours, intravenous DMT has a half-life of around five minutes," notes ScienceAlert. "Its psychedelic effects are correspondingly brief, potentially making it more practical to administer in clinical settings." From the report: "A single dose of DMT with psychotherapeutic support produced a rapid, significant reduction in depressive symptoms, sustained up to three months," writes a team led by neuroscientists David Erritzoe and Tommaso Barba of Imperial College London. [...] They recruited 34 participants with major depression and divided them into two groups of 17 for a double-blind, placebo-controlled trial.

In the first stage of the trial, one group received an intravenous dose of DMT, while the other received an active placebo. Neither the researchers nor the participants were informed which participants received the DMT. The doses took around 10 minutes to administer, and a therapist sat with each participant to ensure comfort and safety while the psychedelic effects were active, remaining silent throughout the treatment. The treatment was generally well tolerated. Most side effects were mild to moderate, and included nausea, temporary anxiety, and pain at the injection site. No serious adverse events related to the treatment were reported, although brief increases in heart rate and blood pressure were observed immediately after dosing.

In the second, open-label stage, two weeks after the first dose, all participants were given the opportunity to receive a dose of DMT. Participants were assessed before and at intervals after each dose using the Montgomery-Asberg Depression Rating Scale. Just a week after the first dose, participants who had received DMT had improved scores compared to the placebo group, and improvements were sustained during follow-up assessments.

Two weeks after the first dose, the participants who received DMT scored about seven points lower, on average, than those who received a placebo. On this commonly used clinical scale, a drop of that size is generally considered a meaningful reduction in symptom severity. There was no significant difference between patients who received one or two doses of DMT, suggesting a single dose may be sufficient. These effects persisted for up to three months, and some patients remained in remission for at least six months following the treatment. The findings have been published in Nature Medicine.

The music industry's long romance with an ever-expanding catalog of songs appears to be souring, as streaming platforms and rights holders confront a daily deluge that now includes 60,000 wholly AI-generated tracks uploaded to Deezer alone -- roughly 39% of the French service's daily intake, a statistic the company shared during Grammys week last month.

Streaming services now host 253 million songs, according to Luminate's most recent annual report, after adding 51 million tracks over the course of 2025 at an average pace of 106,000 uploads a day. Spotify has already responded by requiring songs to hit at least 1,000 plays in the previous 12 months to qualify for royalties, and Luminate reported that 88% of tracks received 1,000 or fewer plays in 2025.

The distribution layer is in flux too: Universal Music Group is trying to acquire Downtown Music, owner of DIY distributor CD Baby, TuneCore's head recently stepped down without a planned replacement, and DistroKid is reportedly up for sale.

IT productivity researcher Erik Brynjolfsson writes in the Financial Times that he's finally found evidence AI is impacting America's economy. This week America's Bureau of Labor Statistics showed a 403,000 drop in 2025's payroll growth — while real GDP "remained robust, including a 3.7% growth rate in the fourth quarter." This decoupling — maintaining high output with significantly lower labour input — is the hallmark of productivity growth. My own updated analysis suggests a US productivity increase of roughly 2.7% for 2025. This is a near doubling from the sluggish 1.4% annual average that characterised the past decade... The updated 2025 US data suggests we are now transitioning out of this investment phase into a harvest phase where those earlier efforts begin to manifest as measurable output.

Micro-level evidence further supports this structural shift. In our work on the employment effects of AI last year, Bharat Chandar, Ruyu Chen and I identified a cooling in entry-level hiring within AI-exposed sectors, where recruitment for junior roles declined by roughly 16% while those who used AI to augment skills saw growing employment. This suggests companies are beginning to use AI for some codified, entry-level tasks.
Or, AI "isn't really stealing jobs yet," according to employment policy analyst Will Raderman (from the American think tank called the Niskanen Center). He argues in Barron's that "there is no clear link yet between higher AI use and worse outcomes for young workers." Recent graduates' unemployment rates have been drifting in the wrong direction since the 2010s, long before generative AI models hit the market. And many occupations with moderate to high exposure to AI disruptions are actually faring better over the past few years. According to recent data for young workers, there has been employment growth in roles typically filled by those with college degrees related to computer systems, accounting and auditing, and market research. AI-intensive sectors like finance and insurance have also seen rising employment of new graduates in recent years. Since ChatGPT's release, sectors in which more than 10% of firms report using AI and sectors in which fewer than 10% reporting using AI are hiring relatively the same number of recent grads.
Even Brynjolfsson's article in the Financial Times concedes that "While the trends are suggestive, a degree of caution is warranted. Productivity metrics are famously volatile, and it will take several more periods of sustained growth to confirm a new long-term trend." And he's not the only one wanting evidence for AI's impact. The same weekend Fortune wrote that growth from AI "has yet to manifest itself clearly in macro data, according to Apollo Chief Economist Torsten Slok." [D]ata on employment, productivity and inflation are still not showing signs of the new technology. Profit margins and earnings forecasts for S&P 500 companies outside of the "Magnificent 7" also lack evidence of AI at work... "After three years with ChatGPT and still no signs of AI in the incoming data, it looks like AI will likely be labor enhancing in some sectors rather than labor replacing in all sectors," Slok said.

Rivian's stock skyrocketed 27% Friday after the electric car maker "shocked the market with strong earnings results," reports the Los Angeles Times, "proving itself an outlier in the EV market, which has been struggling with the end of government subsidies and cooling consumer excitement."

They add that Rivian's strong earnings results suggest that "after years of struggling with losses, it may have at last found a path to profitability." On Thursday, Rivian reported gross profits for 2025 of $144 million, compared with a net loss in 2024 of $1.2 billion... Rivian credited the swing to gross profit to "strong software and services performance, higher average selling prices, and reductions in cost per vehicle..." Rivian delivered 42,247 vehicles in 2025 and produced 42,284 vehicles. The company still reported a $432-million net loss for the year for automotive profits, an improvement from 2024.
But Rivian's software and services revenue grew more than threefold to $1.55 billion for the year, reports TechCrunch. "And the joint venture with Volkswagen Group was behind most of that growth, according to Rivian." VW and Rivian formed a technology joint venture in 2024 that is worth up to $5.8 billion. The joint venture is milestone-based and in 2025 Rivian hit the mark, which meant a $1 billion payout in the form of a share sale. Under the terms of the JV, Rivian will supply VW Group with its existing electrical architecture and software technology stack... Rivian is expected to receive an additional $2 billion of capital as part of the joint venture in 2026, CFO Claire McDonough said Thursday on the company earnings call... And while the funds provide a hefty stopgap, Rivian's financial success in 2026 will hinge largely on the rollout of its next EV, the R2 [priced around $45,000].

Two astrophysicists at Spain's Instituto de Astrofísica de Canarias analyzed data from the James Webb Space Telescope — the most powerful telescope available — on 31 galaxies with an average redshift of 7.3 (when the universe was 700 million years old, according to the standard model). "We found that they are on average ~600 million years old old, according to the comparison with theoretical models based on previous knowledge of nearby galaxies..."

"If this result is correct, we would have to think about how it is possible that these massive and luminous galaxies were formed and started to produce stars in a short time. It is a challenge."

But "The fact that some of these galaxies might be older than the universe, within some significant confidence level, is even more challenging." The most extreme case is for the galaxy JADES-1050323 with redshift 6.9, which has, according to my calculation, an age incompatible to be younger than the age of the universe (800 million years) within 4.7-sigma (that is, a probability that this happens by chance as statistical fluctuation of one in one million).

If this result is confirmed, it would invalidate the standard Lambda-CDM cosmological model. Certainly, such an extraordinary change of paradigm would require further corroboration and other stronger evidence. Anyway, it would be interesting for other researchers to try to explain the Spectral Energy Distribution of JADES-1050323 in standard terms, if they can ... and without introducing unrealistic/impossible models of extinction, as is usually done.
The findings are published in the journal Monthly Notices of the Royal Astronomical Society.

"Global temperatures have been rising for decades," reports the Washington Post. "But many scientists say it's now happening faster than ever before." According to a Washington Post analysis, the fastest warming rate on record occurred in the last 30 years. The Post used a dataset from NASA to analyze global average surface temperatures from 1880 to 2025. "We're not continuing on the same path we had before," said Robert Rohde, chief scientist at Berkeley Earth. "Something has changed...." Temperatures over the past decade have increased by close to 0.27 degrees C per decade — about a 42 percent increase...

For decades, a portion of the warming unleashed by greenhouse gas emissions was "masked" by sulfate aerosols. These tiny particles cause heart and lung disease when people inhale polluted air, but they also deflect the sun's rays. Over the entire planet, those aerosols can create a significant cooling effect — scientists estimate that they have canceled out about half a degree Celsius of warming so far. But beginning about two decades ago, countries began cracking down on aerosol pollution, particularly sulfate aerosols. Countries also began shifting from coal and oil to wind and solar power. As a result, global sulfur dioxide emissions have fallen about 40 percent since the mid-2000s; China's emissions have fallen even more. That effect has been compounded in recent years by a new international regulation that slashed sulfur emissions from ships by about 85 percent.

That explains part of why warming has kicked up a bit. But some researchers say that the last few years of record heat can't be explained by aerosols and natural variability alone. In a paper published in the journal Science in late 2024, researchers argued that about 0.2 degrees C of 2023's record heat — or about 13 percent — couldn't be explained by aerosols and other factors. Instead, they found that the planet's low-lying cloud cover had decreased — and because low-lying clouds tend to reflect the sun's rays, that decrease warmed the planet... That shift in cloud cover could also be partly related to aerosols, since clouds tend to form around particles in the atmosphere. But some researchers also say it could be a feedback loop from warming temperatures. If temperatures warm, it can be harder for low-lying clouds to form.

If most of the current record warmth is due to changing amounts of aerosol pollution, the acceleration would stop once aerosol pollutants reach zero — and the planet would return to its previous, slower rate of warming. But if it's due to a cloud feedback loop, the acceleration is likely to continue — and bring with it worsening heat waves, storms and droughts.
"Scientists thought they understood global warming," reads the Post's original headline. "Then the past three years happened."

Just last month Nuuk, Greenland saw temperatures over 20 degrees Fahrenheit above average, their article points out. And "Parts of Australia, meanwhile, have seen temperatures push past 120 degrees Fahrenheit amid a record heat wave..."

An anonymous reader shared this report from the Register: Telcos likely received advance warning about January's critical Telnet vulnerability before its public disclosure, according to threat intelligence biz GreyNoise. Global Telnet traffic "fell off a cliff" on January 14, six days before security advisories for CVE-2026-24061 went public on January 20. The flaw, a decade-old bug in GNU InetUtils telnetd with a 9.8 CVSS score, allows trivial root access exploitation. GreyNoise data shows Telnet sessions dropped 65 percent within one hour on January 14, then 83 percent within two hours. Daily sessions fell from an average 914,000 (December 1 to January 14) to around 373,000, equating to a 59 percent decrease that persists today.

"That kind of step function — propagating within a single hour window — reads as a configuration change on routing infrastructure, not behavioral drift in scanning populations," said GreyNoise's Bob Rudis and "Orbie," in a recent blog [post]. The researchers unverified theory is that infrastructure operators may have received information about the make-me-root flaw before advisories went to the masses...

18 operators, including BT, Cox Communications, and Vultr went from hundreds of thousands of Telnet sessions to zero by January 15... All of this points to one or more Tier 1 transit providers in North America implementing port 23 filtering. US residential ISP Telnet traffic dropped within the US maintenance window hours, and the same occurred at those relying on transatlantic or transpacific backbone routes, all while European peering was relatively unaffected, they added.

The American economy's most valuable companies are now worth trillions of dollars more than their predecessors were a generation ago, yet they employ a fraction of the workers -- and a new analysis by the Wall Street Journal argues that this widening gap between capital and labor is the defining economic story of our time.

Labor received 58% of gross domestic income in 1980; by the third quarter of 2025, that figure had fallen to 51.4%. Corporate profits' share rose from 7% to 11.7% over the same period. Nvidia, the most valuable US company in 2026, is nearly 20 times as valuable as IBM was in 1985 in inflation-adjusted terms and employs roughly a tenth as many people. Since the end of 2019, real average hourly wages have risen 3% while corporate profits have climbed 43%.

Household stock wealth now equals almost 300% of annual disposable income, up from 200% in 2019. Yale economist Pascual Restrepo predicted that AI integration will shrink labor's share of revenue further, just as factory automation did for blue-collar workers in decades past.

The top private schools in New York City plan to charge more than $70,000 this year for tuition, an amount exceeding that of many elite colleges, as they pass on the costs of soaring expenses including teacher salaries. From a report: Spence School, Dalton School and Nightingale-Bamford School on Manhattan's Upper East Side are among at least seven schools where the fees now exceed that threshold, according to school disclosures and Bloomberg reporting

Fees among 15 private schools across the city rose a median of 4.7%, outpacing inflation. Sending a kid to New York private school has always been expensive, but the cost now is so high that even those with well-above-average salaries are feeling squeezed. Prices have risen dramatically in the past decade, up from a median of $39,900 in 2014.

The software and technology sectors pose one of the all-time great concentration risks to the speculative-grade credit market, according to Deutsche Bank AG analysts. Bloomberg: They comprise $597 billion and $681 billion of the speculative-grade credit universe, or about 14% and 16% respectively, analysts led by Steve Caprio wrote in a Monday note. Speculative debt spans high-yield debt, leveraged loans and US private credit.

That's "a meaningful chunk of debt outstanding that risks souring broader sentiment, if software defaults increase," the analysts wrote, with "a potential impact that would rival that of the Energy sector in 2016." Unlike in 2016, pressures would likely first emerge in private credit, business development companies and leveraged loans, with the high-yield market weakening later, the analysts added.

The rapid adoption of artificial intelligence tools risks further weighing down multiples and revenues for software-as-a-service firms, while the US Federal Reserve's hawkish stance since 2022 has pressured cash flows, the analysts wrote. For instance, software payment-in-kind loan usage has risen to 11.3% in BDC portfolios, over 2.5 percentage points higher than the already elevated index average of 8.7%, according to Deutsche. PIK deals typically allow borrowers to pay interest in more debt rather than cash.

Somewhere on America's eastern coast, there's an economic development agency in Massachusetts promoting green energy solutions. And Monday the Massachusetts Clean Energy Center (or MassCEC) announced "a first-of-its-kind" program to see what happens when they provide free electric vehicle chargers to selected residents, school districts, and municipal projects.

The catch? The EV chargers are bi-directional, able "to both draw power from and return power to the grid..." The program hopes to "accelerate the adoption of V2X technologies, which, at scale, can lower energy bills by reducing energy demand during expensive peak periods and limiting the need for new grid infrastructure." This functionality enables EVs, including electric buses and trucks, to provide backup power during outages and alleviate pressure on the grid during peak energy demand. These bi-directional chargers will enable EVs to act as mobile energy storage assets, with the program expected to deliver over one megawatt of power back to the grid during a demand response event — enough to offset the electricity use of 300 average American homes for an hour. "Virtual Power Plants are the future of our electrical grid, and I couldn't be more excited to see this program take off," said Energy and Environmental Affairs Secretary Rebecca Tepper. "We're putting the power of innovation directly in the hands of Massachusetts residents. Bi-directional charging unlocks new ways to protect communities from outages and lower costs for families and public fleets...."

Additionally, the program will help participants enroll in existing utility programs that offer compensation to EV owners who supply power back to the grid during peak times, helping participants further lower their electricity costs. By leveraging distributed energy resources and reducing grid strain, this program positions Massachusetts as a national leader in clean energy innovation.

Four economists across Central European University, Bielefeld University and the Kiel Institute have built a general equilibrium model of the open-source software ecosystem and concluded that vibe coding -- the increasingly common practice of letting AI agents select, assemble and modify packages on a developer's behalf -- erodes the very funding mechanism that keeps open-source projects alive.

The core problem is a decoupling of usage from engagement. Tailwind CSS's npm downloads have climbed steadily, but its creator says documentation traffic is down about 40% since early 2023 and revenue has dropped close to 80%. Stack Overflow activity fell roughly 25% within six months of ChatGPT's launch. Open-source maintainers monetize through documentation visits, bug reports, and community interaction. AI agents skip all of that.

The model finds that feedback loops once responsible for open source's explosive growth now run in reverse. Fewer maintainers can justify sharing code, variety shrinks, and average quality falls -- even as total usage rises. One proposed fix is a "Spotify for open source" model where AI platforms redistribute subscription revenue to maintainers based on package usage. Vibe-coded users need to contribute at least 84% of what direct users generate, or roughly 84% of all revenue must come from sources independent of how users access the software.

Comcast's attempt to slow broadband customer losses still isn't stopping the bleeding as fiber and fixed wireless competition intensifies. In Q4 2025 alone, Comcast lost 181,000 broadband subscribers, even as it leans harder into wireless bundling and other business lines like Peacock and theme parks. Ars Technica reports: The Q4 net loss is more than the 176,000 loss predicted by analysts, although not as bad as the 199,000-customer loss that spurred [Comcast President Mike Cavanagh's] comment about Comcast "not winning in the marketplace" nine months ago. The Q4 2025 loss reported today is also worse than the 139,000-customer loss in Q4 2024 and the 34,000-customer loss in Q4 2023.

"Subscriber losses were 181,000, as the early traction we are seeing from our new initiatives was more than offset by continued competitive intensity," Comcast CFO Jason Armstrong said during an earnings call today, according to a Motley Fool transcript. Comcast's residential broadband customers dropped to 28.72 million, while business broadband customers dropped to 2.54 million, for a total of 31.26 million.

Armstrong said that average revenue per user grew 1.1 percent, "consistent with the deceleration that we had previewed reflecting our new go-to-market pricing, including lower everyday pricing and strong adoption of free wireless lines." Armstrong expects average revenue per user to continue growing slowly "for the next couple of quarters, driven by the absence of a rate increase, the impact from free wireless lines, and the ongoing migration of our base to simplified pricing." Comcast Connectivity & Platforms chief Steve Croney said the firm is facing "a more competitive environment from fiber" and continued competition from fixed wireless. "The market is going to remain intensely competitive," he said.

The private equity industry is experiencing a quiet reckoning as hundreds of midsize firms find themselves trapped between investors who have lost patience and portfolios of companies they cannot sell at acceptable prices.

"There is existential risk for a number [of funds] because of the fundraising environment," said Sunaina Sinha Haldea, global head of private capital advisory at Raymond James. "If existing investors don't come and support them, new investors are highly unlikely to."

According to data from Preqin, the average buyout fund that closed in 2025 spent 23 months fundraising, up from 16 months in 2021, and the total number of funds raised fell to 1,191 from 2,679 over the same period. New York's Vestar Capital scrapped plans for its eighth fund in late 2024 and has not invested in a new portfolio company since 2023. The firm's assets under management dropped from $7 billion fifteen years ago to $3.3 billion in 2024.

Three-year annualized returns through June 2025 for the Cambridge Associates U.S. Private Equity Index stand at 7.4%, trailing the MSCI World stock index by 11 percentage points annually. The average holding period for buyout deals has stretched to 6.3 years from 5.1 years in 2020. Blue-chip megafunds continue raising capital normally, but smaller firms face existential pressure.

The housing shortages plaguing Western cities today stem partly from the abandonment of a 19th century urban governance model that enabled cities like Berlin, New York and Chicago to expand rapidly while keeping real house prices flat and homes increasingly affordable.

A new analysis by Works in Progress argues that Victorian-era urban management wasn't laissez-faire but rather a system carefully designed to align private profit with public benefit. Infrastructure monopolies -- whether privately franchised, operated as concessions or municipally owned -- funded themselves entirely through user fees rather than public subsidies, and were structured so that building more capacity was the path to greater returns.

Landowners enjoyed a fundamental right to build when profitable, and height limits applied uniformly across entire cities rather than varying by neighborhood, meaning dense development remained legal everywhere. The system began collapsing after 1914, however. Inflation proved fatal to self-funding transport because governments found it politically impossible to raise controlled prices year after year. By the 1960s, trams had vanished from Britain, France and the U.S.

Meanwhile, differential zoning gradually banned densification in established neighborhoods, and rent controls decimated private homebuilding in many countries. In Britain, average house prices fell from twelve times earnings in 1850 to four times by 1914. They have since climbed back to nine times earnings. The article argues roughly 80% of postwar price increases trace directly to restrictions on building.

Skylight, an open-source, TikTok-style video app built on the AT Protocol, surged past 380,000 users after last week's shake-up around TikTok's U.S. ownership and privacy concerns. TechCrunch reports: Launched last year and backed by Mark Cuban and other investors, Skylight's mobile app is built on the AT Protocol, the technology that also powers the decentralized X rival Bluesky, which now has north of 42 million users. Skylight, co-founded by CEO Tori White and CTO Reed Harmeyer, offers a built-in video editor; user profiles; support for likes, commenting, and sharing; and the ability for community curators to create custom feeds for others to follow. The app now has over 150,000 videos uploaded directly to the platform. It can also stream videos from Bluesky because of its AT Protocol integration.

Harmeyer said Saturday that 1.4 million videos were played on the app the day before, up 3x over the past 24 hours. The app had also seen sign-ups increase more than 150%. Other noteworthy stats include over a 50% increase in returning users, over 40% rise in video played on average, and over 100% increase in posts created. This surge was likely triggered by concerns over TikTok's change in ownership and its unfortunately timed technical glitches. [...] Over the weekend, Skylight's CEO, Tori White, said the app added around 20,000 new users and is continuing to grow. So far this January, the app has seen around 95,000 monthly active users. "We've seen what happens when one person dictates what's pushed into people's feeds," White told TechCrunch. "Not only does it harm a creator's connection with their followers, but the entire health of the platform. That's why we built Skylight Social on open standards. We wanted creator and user power to be guaranteed by the technology. Not an empty promise, but an irrevocable right."

Nearly 3.8 billion people could face extreme heat by 2050 and while tropical countries will bear the brunt cooler regions will also need to adapt, scientists said Monday. From a report: Demand for cooling will "drastically" increase in giant countries like Brazil, Indonesia and Nigeria, where hundreds of millions of people lack air conditioning or other means of beating the heat. But even a moderate increase in hotter days could have a "severe impact" in nations not used to such conditions like Canada, Russia and Finland, said scientists from the University of Oxford.

In a new study, they looked at different global warming scenarios to project how often people in future might experience temperatures considered uncomfortably hot or cold. They found "that the population experiencing extreme heat conditions is projected to nearly double" by 2050 if global average temperatures rise 2C above preindustrial times.

The UK is losing more jobs than it is creating because of AI and is being hit harder than rival large economies, new research suggests. From a report: British companies reported that AI had resulted in net job losses over the past 12 months, down 8% -- the highest rate among other leading economies including the US, Japan, Germany and Australia, according to a study by the investment bank Morgan Stanley. The research surveyed companies using AI for at least a year across five industries: consumer staples and retail, real estate, transport, healthcare equipment and cars.

It found that British businesses reported an average 11.5% increase in productivity aided by AI. US businesses reported similar gains, but created more jobs than they cut. It suggests UK workers are being hit particularly hard by the rise of AI, as higher costs and taxes also weigh on the job market. Unemployment is at a four-year high, as rises in the minimum wage and employer national insurance contributions squeeze hiring.