Geopolitics

World faces risk cocktail from AI, oil and debt, says IMF chief - chinadailyhk

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DW NOTE

The IMF chief lists AI, oil, and debt as simultaneous risks while the Strait of Hormuz has been closed for 221 days, Russia just fired 178 missiles and drones at Ukraine in a single night, and the 10-year Treasury yield has climbed 27% in a year. These aren't risks on the horizon — they're facts on the ground that central banks have already proven they cannot contain.

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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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World faces risk cocktail from AI, oil and debt, says IMF chief - chinadailyhk

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