Canada’s shock interest rate hike amidst skyrocketing mortgage debt

1/2 After standing pat for months, the central bank of Canada announced Wednesday it was hiking its overnight lending rate by 25 basis points. Photo courtesy of the Bank of Canada June 7 (UPI) — The Central Bank of Canada hiked its lending rates after a five-month pause, saying Wednesday that its policies have yet …

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OECD predicts that global economic recovery will be hindered by interest rates and inflation.

The global economy remains fragile as inflation continues to impact household spending and higher interest rates hinder growth, according to the Organization for Economic Cooperation and Development (OECD). The Paris-based group, comprising 38 member countries, predicts global growth to reach 2.7% this year, up from the previous estimate of 2.2% in November, with growth expected …

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Everything Explained by the AI Mona Lisa

The Mona Lisa’s size is smaller than three feet tall and about two feet wide, and it hangs in the biggest exhibition room at France’s Louvre Museum. However, in recent weeks, some vigilante AI artists have decided it should be bigger. They are using Adobe Photoshop’s “generative fill” beta tool, which allows users to fill …

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Summer weekends to be marred by planned strikes from Heathrow Airport workers

London’s Heathrow Airport is facing a summer of travel chaos after 2,000 security workers announced 31 days of weekend strikes starting June 24. Passengers of U.S. carriers American, United and Delta are among those who could be affected. File Photo by Vickie Flores/EPA-EFE June 7 (UPI) — Passengers using London’s Heathrow Airport are facing a …

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