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03.05.26 - 18:12
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Guilty until proven innocent: shoppers falsely identified by facial recognition system struggle to clear their names (The Guardian)
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People shamed and ordered to leave shops after being misidentified then 'given no help' to investigate verdictsAI facial recognition oversight lagging far behind technology, watchdogs warnHow does live facial recognition work and how many police forces use it? When Ian Clayton, a retired health and safety professional from Chester, popped into Home Bargains one February lunchtime, he was suddenly approached by a stern-looking member of staff.“Excuse me, can you please put everything down and leave the shop now?” she said. Clayton recalled how he was stunned, and it was only as he was briskly walked past the tills towards the exit that he stopped to ask what he had done. Continue reading......
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03.05.26 - 00:24
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Kotak eyes Deutsche Bank′s retail assets, drops out of race for IDBI (Times of India)
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Kotak Mahindra Bank is exploring Deutsche Bank's retail business, having exited the IDBI Bank acquisition due to valuation concerns. CEO Ashok Vaswani emphasized that any deal must align strategically, be financially sound, and manageable. The bank reported a 13.4% year-on-year profit increase for the March quarter, driven by robust loan expansion and reduced provisions....
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01.05.26 - 19:06
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The Guardian view on Britain′s fragile systems: when global shocks hit your shopping bill | Editorial (The Guardian)
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Energy disruption abroad drives prices at home, showing how few safeguards are built in – which is why a call for resilience must be heededWhen the Bank of England warned this week that food inflation could reach 7% by the end of the year, it revealed how little stands between a geopolitical jolt and a domestic crisis in Britain. A shock wave in the Gulf feeds through energy, fertiliser and supermarket prices into falling incomes, weak growth and job losses. What it exposes is not just inflation but a system unable to absorb disruption.The Bank is right that interest rates cannot move global energy prices. Raising them will not fix the shock. Instead, rate hikes redistribute the impact by compressing wages and deterring investment to stop higher costs becoming embedded. What appears as inflation is, in reality, the price of dependence on the strait of Hormuz. Clearly, the UK's stability rests on security that the country that has yet to build into its infrastructure.Do you have an opinion on the issues...
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01.05.26 - 14:30
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Thousands in US to join ′no school, no work, no shopping′ protest in economic blackout (The Guardian)
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Walkouts, marches and other gatherings planned for 'May Day Strong' demonstrations across the countryThousands are set to join an economic blackout for International Workers' Day on Friday, as part of 3,500 “May Day Strong” events across the country. Organizers are calling for “no school, no work, no shopping” with walkouts, marches, block parties and other gatherings planned into the evening.May Day has long been an annual day of protest for the labor movement, and this year, many active movements are converging to fight for “a nation that puts workers over billionaires”. Demanding no ICE, no war, and taxing the rich, the May Day Strong coalition includes labor unions, immigrants rights groups, political organizations such as the Democratic Socialists of America, and the organizers behind the No Kings protests. Friday's economic disruption builds on a similar coordinated effort out of Minnesota in January, when tens of thousands of Twin Cities residents took off from school and work to fl...
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01.05.26 - 00:06
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Goldman Maps Retailer Exposure To Working-Poor Consumers As Gas Soars (ZeroHedge)
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Goldman Maps Retailer Exposure To Working-Poor Consumers As Gas Soars
With the nationwide average gasoline price accelerating above the politically sensitive $4-per-gallon level, and the consumer backdrop for low-income households darkening, Goldman analysts published a note on Wednesday identifying which big-box retailers have the greatest exposure to working-poor households.
"Our economists expect spending headwinds from higher inflation to weigh on growth for the rest of the year," Goldman Sachs Managing Director Kate McShane wrote in the note. She covered how Goldman analysts raised their Brent forecast for the fourth quarter of this year and the gloomy backdrop facing consumers.
She continued, "Moreover, higher headline inflation is set to erode household spending power, particularly among lower-income households that spend roughly four times as much on gasoline as a share of after-tax income compared to the top quintile."
She explained in more detail:
We expect the bo...
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30.04.26 - 09:24
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German Retail Sales Fall More Than Forecast (AFX)
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BRUSSELS (dpa-AFX) - Germany's retail sales declined more than expected in March, driven by declines in both food and non-food categories, Destatis reported Thursday.Real retail sales fell 2.0 per......
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