72: The union representing longshoremen at the port of Vancouver has postponed issuing a 72-hour strike notice, creating extra time to avoid a work stoppage at one of North America’s busiest marine hubs. Still, talks between the longshoremen’s union and port bosses remain at an impasse over wage increases. The stakes are high: A two-week Canadian port workers strike last summer interrupted the flow of more than $7 billion worth of trade. Authorities in Alberta, worried about the impact on agricultural and mining exports, have urged Ottawa to intervene.
32 billion: What’s it gonna cost to keep the US ahead of China in the race to dominate artificial intelligence? At least $32 billion more for now, according to a new bipartisan call for Congress to pump more cash into non-defense uses of AI. Senate Majority Leader Chuck Schumer said he hoped lawmakers would agree on more AI funding by the end of the year.
3.4: Consumer prices in the US grew at an annual rate of 3.4% in April, down from 3.5% a month earlier. The main culprits were jumps in the costs of housing and gasoline, while prices for many foodstuffs — in particular eggs — fell. The declining rate of inflation gave fresh hope to investors eager for the Fed to start cutting rates later this year.
6,500: Toronto authorities managed to restore power to 6,500 residents after a three-hour outage this week caused by a squirrel that “came into contact” with grid equipment. We regard this as a copycat (copysquirrel?) crime, following the outages unleashed by raccoons in February.
To understand the deepening rift between the UAE and Saudi Arabia, following the UAE's exit from OPEC, GZERO spoke with Gulf expert Firas Maksad. He breaks down the tensions between Abu Dhabi and Riyadh and what "OPEC-xit" means for the region.
Chinese banks are helping with the investments.
Right-wing leaders have been consolidating power across Latin America, driven by voter frustration with rising organized crime. However, with another batch of elections coming this year and next, the right's winning streak could be under threat.