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As of late October 2025, major financial institutions including the Bank of England and IMF warn that soaring valuations in AI-driven tech stocks resemble the 2000 dotcom bubble peak. The S&P 500 is heavily concentrated in a few AI-focused firms, raising risks of a sharp market correction. Despite this, industry leaders emphasize AI's transformative potential and ongoing infrastructure investments.
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Recent articles highlight AI's dual role in transforming workplaces—boosting productivity and expanding roles—while also raising concerns about trust, job displacement, and unproven benefits. Experts emphasize employer responsibility, skill development, and cautious adoption as AI becomes more integrated into work processes. Today's date: Tue, 21 Oct 2025 07:57:12 +0100.
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The Nobel Memorial Prize in Economic Sciences was announced in Stockholm, honoring research on why some countries prosper more than others. Last year’s laureates studied the link between open societies and wealth. The prize is awarded alongside other Nobel categories on December 10.
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Leading economists and former officials have called for a new international body to address rising inequality and its impact on democracy. The appeal comes ahead of the G20 summit in South Africa, where a report highlights a surge in wealth concentration and food insecurity worldwide.