Universal basic credit would create a fair AI economy

The debate over wealth taxes is heating up globally, especially in France, where opinions are sharply divided. As income inequality continues to rise and government debt becomes a pressing issue, many are questioning whether taxing the ultra-rich is the most effective solution. This discussion is crucial as it could shape future economic policies and impact social equity.

This year, over 12,000 fast EV chargers have been installed within a mile of U.S. highways and interstates, meaning that nearly 70% of the miles of the 10 longest interstates are now easily accessible to electric vehicle drivers. This is a significant step towards alleviating range anxiety, a common concern among potential EV users. As charging infrastructure improves, it becomes easier for people to consider switching to electric vehicles, which is crucial for reducing carbon emissions and promoting sustainable transportation.

Stephen Miran warns that the Federal Reserve's failure to cut interest rates quickly could lead the economy into a recession. This is significant because it highlights the delicate balance the Fed must maintain to support economic growth while controlling inflation. If rates remain high for too long, it could stifle consumer spending and investment, ultimately impacting jobs and economic stability.

The recent deal between Xi and Trump has led to the resumption of shipments of crucial auto semiconductors from Nexperia, which had halted for weeks, threatening global car production. This development is significant as it alleviates concerns in the automotive industry, ensuring that manufacturers can continue to meet demand and avoid further disruptions in their supply chains.

Telefónica's Q2 2025 results show a significant acceleration in organic growth, particularly during its ongoing transformation in the Hispam region. This positive trend highlights the company's successful strategies in adapting to market demands and improving operational efficiency, which is crucial for maintaining competitiveness in the telecommunications sector.

The recent closure of a Las Vegas location of a legendary NBA star's fast-food chain marks a significant moment in the ongoing competition within the fast-food chicken sandwich market. This closure not only reflects the challenges faced by new entrants in a saturated market but also highlights the enduring popularity of established brands like Burger King. As consumers continue to seek out their favorite chicken sandwiches, this development raises questions about the future of niche fast-food ventures and their ability to compete against industry giants.

OPEC+ is considering a modest increase in oil production for December, as indicated by three delegates ahead of their upcoming online meeting. This potential adjustment reflects the group's ongoing efforts to balance supply and demand in the global oil market, which is crucial for maintaining price stability and meeting economic needs.