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Australia Sees No Mass Layoffs From AI Just Yet

A first-of-its-kind report by the Australian government finds AI has not yet caused broad disruption in the nation's labor market. That's as the rising demand for AI is heightening concerns over the future of white-collar jobs. Scientia Professor of AI at the University of New South Wales Toby Walsh joins "Bloomberg: The Asia Trade" to discuss why Canberra needs to act now to mitigate the impact of AI and prepare workers for change.

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Bloomberg

UNSW's Parker on US' 20% Cargo Toll in Strait of Hormuz

Jennifer Parker, Adjunct Fellow at UNSW Canberra, discusses the legality and diplomatic implications of the US blockade and 20 percent cargo toll in the Strait of Hormuz. She draws on more than 20 years' experience in the Royal Australian Navy, including leading multinational maritime operations in the Middle East. Jennifer speaks with Haidi Stroud-Watts on "Insight with Haslinda Amin."

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Bloomberg

Wells Fargo's Mike Mayo: Citi My Top Pick of Big Banks

Investors are preparing for a significant earnings week as five of the six largest US banks, including JPMorgan, Citi, Wells Fargo, Bank of America, and Goldman Sachs, are scheduled to report their quarterly results within a few hours of each other. Mike Mayo, Head of US Large-Cap Bank Research at Wells Fargo, joined the program to share his outlook. He expects overall bank earnings to increase by 15 to 20 percent year-over-year, driven by a combination of strong Wall Street trading revenues and robust commercial loan growth on Main Street. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

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