latest news in economy
Jeff Bezos Predicts AI Will Shorten the Workweek and Shift the Job Market
Seattle, Sunday, 11 October 2026.
Amazon founder Jeff Bezos predicts artificial intelligence will boost productivity enough to enable three-day workweeks and single-income households, unexpectedly driving labor shortages rather than widespread job losses.
Clean Energy Surpasses Coal as World's Dominant Power Source
Paris, Sunday, 11 October 2026.
Driven by $2.2 trillion in annual investment, renewable power generation has officially surpassed coal globally, marking a historic structural shift toward sustainable and cost-competitive global energy markets.
North Dakota Court Ruling Strengthens Local Power Over Pipeline Projects
Bismarck, Saturday, 10 October 2026.
A North Dakota judge ruled that state rules do not automatically override county zoning, forcing regulators to evaluate local safety standards and creating major hurdles for multi-state carbon pipeline projects.
Battery Storage Is Now Cheaper Than Natural Gas Plants Globally
Washington, Saturday, 10 October 2026.
Expanding battery manufacturing has made four-hour energy storage significantly cheaper than natural gas peaking plants across all major global markets, with US battery projects currently up to 75% less expensive.